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If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,400 Today

Author: Benzinga Insights | March 27, 2024 11:30am

Parker Hannifin (NYSE:PH) has outperformed the market over the past 20 years by 6.28% on an annualized basis producing an average annual return of 14.11%. Currently, Parker Hannifin has a market capitalization of $70.52 billion.

Buying $100 In PH: If an investor had bought $100 of PH stock 20 years ago, it would be worth $1,419.90 today based on a price of $549.16 for PH at the time of writing.

Parker Hannifin's Performance Over Last 20 Years

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Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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