Here's How Much You Would Have Made Owning Parker Hannifin Stock In The Last 15 Years
Portfolio Pulse from Benzinga Insights
Over the past 15 years, Parker Hannifin (NYSE:PH) has produced an average annual return of 18.99%, outperforming the market by 6.35% on an annualized basis. A $1000 investment in PH stock 15 years ago would be worth $12,778.70 today. The company's current market capitalization stands at $54.98 billion.
November 15, 2023 | 6:00 pm
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Parker Hannifin has significantly outperformed the market with an 18.99% average annual return over the past 15 years, indicating strong long-term performance.
The historical performance of Parker Hannifin is indicative of the company's strong past growth and may positively influence investor perception, potentially leading to a short-term increase in stock price. However, past performance is not always indicative of future results, and investors may also consider other current market conditions and company fundamentals.
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