If You Invested $100 In This Stock 5 Years Ago, You Would Have $300 Today
Portfolio Pulse from Benzinga Insights
Parker Hannifin (NYSE:PH) has delivered an average annual return of 23.97% over the past 5 years, outperforming the market by 11.26% on an annualized basis. A $100 investment in PH stock 5 years ago would be worth $298.98 today. The company's current market capitalization stands at $58.34 billion.
January 05, 2024 | 8:30 pm
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POSITIVE IMPACT
Parker Hannifin has shown strong performance with a significant average annual return of 23.97% over the past 5 years, indicating robust growth and market outperformance.
The historical performance of Parker Hannifin is impressive, suggesting a strong and well-managed company. This track record of outperforming the market could continue to attract investors, potentially driving the stock price up in the short term. However, past performance is not always indicative of future results, and investors should consider other factors as well.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100