Here's How Much You Would Have Made Owning Parker Hannifin Stock In The Last 20 Years
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Parker Hannifin (NYSE:PH) has produced an average annual return of 12.9%, outperforming the market by 5.42% on an annualized basis. A $100 investment in PH stock 20 years ago would be worth $1,161.42 today. The company's current market capitalization is $56.31 billion.
December 04, 2023 | 3:00 pm
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Parker Hannifin has shown strong performance with an average annual return of 12.9% over the past 20 years, significantly outperforming the market.
The historical performance of Parker Hannifin is indicative of the company's strong past growth and may positively influence investor sentiment. However, past performance does not guarantee future results, and investors should consider more than historical returns when making investment decisions.
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