Parker Hannifin Slips to 289th in Trading Volume Ranking Amid 35% Decline

On May 23, 2025, Parker Hannifin Corp. (PH) experienced a significant decline in trading volume, with a total of 2.82 billion shares traded, marking a 35.16% decrease from the previous day. This drop placed Parker Hannifin at the 289th position in terms of trading volume for the day. The stock price of Parker Hannifin also decreased by 0.36%, marking the third consecutive day of decline, with a total decrease of 3.69% over the past three days.

Parker Hannifin Corporation, headquartered in Cleveland, Ohio, is a leading manufacturer of motion and control technologies and systems. The company's stock has shown strong performance over the past year, outperforming the broader market with a 21% gain, compared to the S&P 500 Index's 9.8% rally. In 2025, Parker Hannifin's stock has increased by 4.1%, outperforming the S&P 500's marginal dip on a year-to-date basis.

On May 1, Parker Hannifin reported its Q3 results, with an adjusted EPS of $6.94, surpassing Wall Street expectations of $6.73. However, the company's revenue of $4.96 billion fell short of the $5 billion forecast. Parker Hannifin expects full-year adjusted EPS to be in the range of $26.60 to $26.80. For the current fiscal year, ending in June, analysts expect PH’s EPS to grow 5% to $26.72 on a diluted basis. The company has a strong earnings surprise history, beating the consensus estimate in each of the last four quarters.

Among the 19 analysts covering PH stock, the consensus is a “Strong Buy,” based on 15 “Strong Buy” ratings, one “Moderate Buy,” and three “Holds.” This configuration is less bullish than two months ago, with 16 analysts previously suggesting a “Strong Buy.” On May 16, Mizuho Financial Group, Inc. analyst Brett Linzey maintained an “Outperform” rating on PH and raised the price target to $785, implying a potential upside of 18.6% from current levels. The mean price target of $729.72 represents a 10.3% premium to PH’s current price levels, while the Street-high price target of $827 suggests an upside potential of 25%.