If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,400 Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Parker Hannifin (NYSE:PH) has produced an average annual return of 14.11%, outperforming the market by 6.28% on an annualized basis. A $100 investment in PH 20 years ago would be worth $1,419.90 today. Parker Hannifin's market capitalization currently stands at $70.52 billion.
March 27, 2024 | 3:30 pm
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Parker Hannifin has shown significant long-term growth, with a $100 investment growing to $1,419.90 over 20 years, reflecting an average annual return of 14.11%.
The article highlights Parker Hannifin's strong performance over the past 20 years, significantly outperforming the market. This historical performance, coupled with a substantial market capitalization of $70.52 billion, suggests a positive outlook for PH in the short term, as investors may be drawn to its proven track record of generating high returns.
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RELEVANCE 100