$1000 Invested In Parker Hannifin 20 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Parker Hannifin (NYSE:PH) has produced an average annual return of 14.15%, outperforming the market by 6.31%. A $1000 investment in PH 20 years ago would be worth $14,069.29 today. Parker Hannifin's market capitalization currently stands at $68.83 billion.
March 11, 2024 | 8:30 pm
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Parker Hannifin has shown significant growth over the past 20 years, with a $1000 investment growing to $14,069.29 today.
The article highlights Parker Hannifin's strong performance over the past two decades, with an average annual return of 14.15%, significantly outperforming the market. This historical performance, coupled with a current market capitalization of $68.83 billion, suggests a positive outlook for the company's stock. The substantial growth of an initial $1000 investment into $14,069.29 illustrates the company's value generation for its investors, potentially attracting more interest in PH stock in the short term.
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RELEVANCE 100