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U.S. Industrial Machinery Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies128
  • 7D0.4%
  • 3M1.2%
  • 1Y17.9%
  • YTDn/a

Last week, the Industrial Machinery industry hasn't moved much but Parker-Hannifin is up 3.5% in that time. The past year has been better, since the industry has gained 18% in that time. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the U.S. Industrial Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026US$625.2bUS$184.2bUS$19.1b27.7x32.8x3.4x
Fri, 20 Feb 2026US$692.8bUS$182.5bUS$18.4b31.7x37.7x3.8x
Sun, 18 Jan 2026US$665.6bUS$185.2bUS$18.9b30.2x35.3x3.6x
Tue, 16 Dec 2025US$627.2bUS$185.1bUS$18.9b28x33.2x3.4x
Thu, 13 Nov 2025US$610.7bUS$185.2bUS$18.8b27.3x32.4x3.3x
Sat, 11 Oct 2025US$583.6bUS$182.1bUS$19.4b25.5x30.1x3.2x
Mon, 08 Sep 2025US$587.1bUS$182.0bUS$19.4b26.5x30.3x3.2x
Wed, 06 Aug 2025US$573.0bUS$182.2bUS$19.0b26x30.2x3.1x
Fri, 04 Jul 2025US$571.9bUS$180.5bUS$19.0b26.6x30x3.2x
Sun, 01 Jun 2025US$523.0bUS$180.5bUS$19.0b25.2x27.5x2.9x
Tue, 29 Apr 2025US$498.1bUS$180.4bUS$19.3b23.6x25.8x2.8x
Thu, 27 Mar 2025US$540.8bUS$180.5bUS$18.8b25.7x28.7x3x
Sat, 22 Feb 2025US$562.2bUS$180.4bUS$18.8b27.1x29.9x3.1x
Mon, 20 Jan 2025US$566.4bUS$181.2bUS$18.1b26.6x31.3x3.1x
Wed, 18 Dec 2024US$576.9bUS$181.2bUS$18.1b27.8x31.9x3.2x
Fri, 15 Nov 2024US$591.4bUS$181.0bUS$18.1b28.6x32.7x3.3x
Sun, 13 Oct 2024US$559.3bUS$180.4bUS$17.4b27.6x32.1x3.1x
Tue, 10 Sep 2024US$508.3bUS$180.4bUS$17.4b24.4x29.2x2.8x
Thu, 08 Aug 2024US$499.9bUS$180.2bUS$17.3b24x28.9x2.8x
Sat, 06 Jul 2024US$502.8bUS$179.1bUS$17.3b24.7x29x2.8x
Mon, 03 Jun 2024US$527.0bUS$179.0bUS$17.3b25.7x30.5x2.9x
Wed, 01 May 2024US$524.9bUS$178.1bUS$16.8b25.3x31.3x2.9x
Fri, 29 Mar 2024US$559.3bUS$178.1bUS$16.3b27.1x34.4x3.1x
Sun, 25 Feb 2024US$528.4bUS$177.5bUS$16.4b26.2x32.3x3x
Tue, 23 Jan 2024US$516.4bUS$184.3bUS$16.5b24.6x31.3x2.8x
Thu, 21 Dec 2023US$519.7bUS$183.8bUS$16.6b24.5x31.4x2.8x
Sat, 18 Nov 2023US$468.4bUS$183.6bUS$16.5b22.7x28.3x2.6x
Mon, 16 Oct 2023US$453.3bUS$181.2bUS$15.2b21.5x29.8x2.5x
Wed, 13 Sep 2023US$470.2bUS$181.2bUS$15.2b22.2x30.9x2.6x
Fri, 11 Aug 2023US$486.3bUS$181.3bUS$15.4b22.9x31.5x2.7x
Sun, 09 Jul 2023US$480.5bUS$178.1bUS$14.5b23.1x33.2x2.7x
Tue, 06 Jun 2023US$442.6bUS$179.4bUS$14.7b21.9x30.1x2.5x
Thu, 04 May 2023US$430.1bUS$178.1bUS$14.7b21.4x29.3x2.4x
Sat, 01 Apr 2023US$439.2bUS$174.9bUS$14.2b23.6x30.8x2.5x
Price to Earnings Ratio

30.8x


Total Market Cap: US$439.2bTotal Earnings: US$14.2bTotal Revenue: US$174.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrial Machinery Industry Price to Earnings3Y Average 30.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Industrial Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 30.9x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Industrial Machinery industry have grown 10% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does U.S. Industrial Machinery compare with similar industries?

US Market-2.29%
Industrials-1.23%
Machinery1.14%
Industrial Machinery0.37%
Construction Machinery and Vehicles1.94%
Agricultural Machinery1.38%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PH Parker-HannifinUS$924.583.5%
+US$3.9b		41.9%PE33x
ITT ITTUS$194.093.2%
+US$523.7m		39.2%PE34.2x
KAI KadantUS$323.827.3%
+US$261.0m		-6.7%PE37.4x
RBC RBC BearingsUS$552.231.4%
+US$242.8m		65.6%PE65x
DOV DoverUS$215.580.8%
+US$237.4m		16.1%PE26.5x

Latest News

WOR
US$51.88
Worthington Enterprises
7D
7.2%
1Y
24.6%
LECO
US$254.70
Lincoln Electric Holdings
7D
-2.3%
1Y
29.7%
ITW
US$265.04
Illinois Tool Works
7D
-1.0%
1Y
3.9%
RBC
US$552.23
RBC Bearings
7D
1.4%
1Y
65.6%

RBC: Q4 Sales Guidance Will Support Bullish Long Term Prospects

Analysts have kept their price target for RBC Bearings steady around $609, reflecting largely unchanged views on long term growth, margins, discount rate, and future P/E assumptions. What's in the News The company reported that, between September 28, 2025 and December 27, 2025, it repurchased 0 shares for $0 under its existing buyback tranche, while confirming that, since the program announced on May 23, 2019, it has repurchased 240,006 shares for $48.3 million, representing 0.9% of shares (Key Developments).
PNR
US$87.58
Pentair
7D
-2.0%
1Y
-4.0%
MIDD
US$136.10
Middleby
7D
-5.0%
1Y
-13.1%

MIDD: CFS Refocus And Residential Spinoff Will Drive Future Upside

Analysts have lifted Middleby's consensus price target to $203 from $187, highlighting recent price target increases from multiple firms. They argue that the upcoming Residential Kitchen spinoff, a clearer focus on the core CFS business, and expectations for steadier industry trends together support this higher valuation anchor.
ESE
US$276.84
ESCO Technologies
7D
3.4%
1Y
68.1%

ESE: Future Margin Expansion Will Be Supported By 2026 Revenue Guidance

Analysts have maintained their ESCO Technologies fair value estimate at $300, as minor adjustments to assumptions regarding the discount rate, revenue growth, profit margin, and future P/E are considered to offset one another. What's in the News ESCO Technologies updated full year 2026 earnings guidance, with revenue now expected in a range of $1.29b to $1.33b, described as 18% to 21% sales growth over the prior year (Key Developments).
PH
US$924.58
Parker-Hannifin
7D
3.5%
1Y
41.9%

PH: Future Upside Will Depend On Margin Expansion And Ongoing Share Repurchases

Analysts now set the Parker Hannifin price target at $1,167.86, compared with the prior $1,139.00, citing updated assumptions around revenue growth of 7.15%, a profit margin of 19.23%, a discount rate of 8.42% and a future P/E of 37.19x. What's in the News Parker-Hannifin revised earnings guidance for the fiscal year ending June 30, 2026, with reported sales growth guided to a range of 5.5% to 7.5% and organic sales growth of approximately 5% at the midpoint (Corporate guidance).
JBTM
US$126.67
JBT Marel
7D
-5.8%
1Y
-0.8%

JBTM: 2026 Sector Setup And Food Tech Hub Will Shape Upside Outlook

Analysts have lifted their JBT Marel price target from $160.25 to about $182, citing updated models after recent Q4 results, positive 2026 sector trends, and a reassessment of the valuation gap relative to peers. Analyst Commentary Bullish Takeaways Bullish analysts see the move in price targets toward the US$190 to US$202 range as a reset that better reflects their updated models after Q4, rather than a stretch valuation.
IR
US$83.15
Ingersoll Rand
7D
-1.1%
1Y
0.9%

IR: Share Repurchases And Premium P/E Will Support Balanced Future Returns

Analysts have raised their price target on Ingersoll Rand from about $88.30 to roughly $102.73. This change reflects updated views on discount rates, revenue growth, profit margins and the price-to-earnings ratio they are prepared to apply to future earnings.
OTIS
US$77.99
Otis Worldwide
7D
-7.3%
1Y
-23.1%

OTIS: Service And Modernization Contracts Will Support Mixed Post Q4 Sentiment

Narrative Update: Otis Worldwide The updated analyst price target for Otis Worldwide now stands at $102.43, reflecting only a very small adjustment as analysts balance cautious tweaks to discount rate, growth and margin assumptions with mixed recent research views that range from fresh Outperform initiation to downgrades and short term sell ideas. Analyst Commentary Recent research on Otis Worldwide presents a split view, with some analysts focusing on long term growth potential and others flagging near term execution risks around earnings and guidance.
XYL
US$120.45
Xylem
7D
-1.1%
1Y
-2.1%

XYL: Water Infrastructure Demand And Buybacks Will Support Future Upside

The analyst price target for Xylem has been reduced by $13. This change reflects a series of recent target cuts across the Street as analysts factor in updated expectations for funding conditions and growth across the water technology sector.
KAI
US$323.82
Kadant
7D
7.3%
1Y
-6.7%
IEX
US$192.88
IDEX
7D
1.3%
1Y
4.6%

IEX: Ongoing M&A And Buybacks Will Support Attractive Future Upside

Analysts have raised their price target on IDEX to about $225 from roughly $224, reflecting slightly updated assumptions around the discount rate, revenue growth, profit margin, and forward P/E. What's in the News IDEX is actively pursuing mergers and acquisitions, with management describing the company as about halfway through a multiyear capital deployment cycle focused on building out existing platforms and markets (Key Developments).
DOV
US$215.58
Dover
7D
0.8%
1Y
16.1%
ITT
US$194.09
ITT
7D
3.2%
1Y
39.2%

ITT: SPX Integration Execution Will Shape Future P/E And Fair Value Potential

Our fair value estimate for ITT edges up by $5 to $233 as analysts factor in updated price targets tied to larger deal integration, slightly different discount rate assumptions, and modest tweaks to revenue growth, margin, and future P/E inputs. Analyst Commentary Recent Street research on ITT has centered on higher price targets and how well the company can execute on larger acquisitions like SPX while sustaining its existing performance profile.