Here's How Much $1000 Invested In Parker Hannifin 20 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Parker Hannifin (NYSE:PH) has outperformed the market over the past 20 years, achieving an average annual return of 14.02%. A $1000 investment in PH 20 years ago would now be worth $14,911.95. The article highlights the power of compounded returns over time.
October 10, 2024 | 6:00 pm
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Parker Hannifin has significantly outperformed the market over the past 20 years, with a 14.02% average annual return. This highlights the company's strong performance and the benefits of long-term investment.
The article emphasizes Parker Hannifin's strong historical performance, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term. The focus on compounded returns also underscores the company's consistent growth.
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