Monitor the October 28 annual meeting for any last-minute shareholder proposals or dissident votes. The 88% say-on-pay approval suggests no compensation-related pushback. The pending CIRCOR aerospace acquisition completion and integration of Curtis Instruments and Filtration Group are key catalysts to watch.
Price Chart
Executive Summary
Parker-Hannifin's FY2026 DEF 14A proxy statement highlights another record year with EPS of $28.48 (up from $27.12), segment operating margin of 24.5% (up from 23.0%), and cash flow from operations of $4.4B (up from $3.8B). CEO Jennifer Parmentier's total compensation was $22.8M, with 91% at-risk. The say-on-pay vote received ~88% approval last year. The board is 90% independent with 8 new directors since 2019. No shareholder proposals or material related-party transactions are disclosed. The filing is routine and governance-focused with no material surprises.
Key Facts
- Record FY2026 EPS of $28.48 vs $27.12 in FY2025
- Record segment operating margin of 24.5% vs 23.0% in FY2025
- Record cash flow from operations of $4.4B vs $3.8B in FY2025
- 70th consecutive year of annual dividend increases
- CEO Jennifer Parmentier total compensation: $22,761,169 (9% fixed, 91% at-risk)
- Last say-on-pay vote received ~88% approval
- Board is 90% independent; 8 new directors since 2019
- Director retirement mandatory at age 72
- No material related-party transactions identified
- Annual meeting scheduled for October 28, 2026
Financial Impact
Record financial performance: EPS $28.48, segment operating margin 24.5%, cash flow from operations $4.4B
Risk Factors
- Pending CIRCOR Commercial and Defense Aerospace acquisition integration risk
- Continued global economic volatility could impact industrial and aerospace demand
- CEO pay ratio of 331:1 may attract ESG-focused shareholder attention
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEF 14A Filing (Primary) | 0001308179-26-000394 |
| Document: 0001308179-26-000394-index-headers.html | 0001308179-26-000394 |
| Document: 0001308179-26-000394-index.html | 0001308179-26-000394 |
| Document: 0001308179-26-000394.txt | 0001308179-26-000394 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Press Release | $958.22 | awaiting T+1 | — | $900.73 (−6.00%) |
Oct 20, 2026 7d ago | Institutional Cluster | $958.22 $893.21 | ▲ +6.78% | ▲ +5.60% | $900.73 (+6.00%) |
Sep 28, 2026 29d ago | Court Ruling | $970.37 $955.42 | ▼ −1.54% | ▼ −1.34% | $900.73 (−7.18%) |
Sep 18, 2026 5w ago | DEF 14A | $943.54 $958.17 | ▲ +1.55% | · 0.00% | $900.73 (−4.54%) |
Sep 9, 2026 6w ago | 424B5 | $949.47 $934.34 | ▼ −1.59% | ▼ −0.99% | $900.73 (−5.13%) |
Aug 24, 2026 9w ago | S-3ASR | $1,016.31 $1,039.49 | ▲ +2.28% | ▲ +2.26% | $900.73 (−11.37%) |
Aug 20, 2026 9w ago | Press Release | $1,001.74 $1,014.24 | ▲ +1.25% | ▲ +1.54% | $900.73 (−10.08%) |
Aug 19, 2026 9w ago | Insider Cluster | $1,000.13 $1,001.74 | ▲ +0.16% | ▼ −0.25% | $900.73 (−9.94%) |
Aug 19, 2026 9w ago | Insider Cluster | $1,000.13 $1,001.74 | ▲ +0.16% | ▼ −0.25% | $900.73 (−9.94%) |
Aug 18, 2026 10w ago | Insider Cluster | $1,023.25 $1,000.13 | ▼ −2.26% | ▼ −1.42% | $900.73 (−11.97%) |
US Market Status
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