Parker-Hannifin is among the world’s largest Industrial Machinery sector businesses in the world. Parker-Hannifin’s employees generate $806.8M in profits on $10.460B of revenue. Global output in the Industrial Machinery business will likely rise substantially over the next 10 years. Long-term economic growth may lift all boats, but Parker-Hannifin is determined to remain a market leader. Sectoral leadership in the Industrial Machinery segment takes dedication and consistency, but management seeks out-sized growth.
Parker-Hannifin’s ticker symbol PH has recently been trading near $99.78 a share. The Parker-Hannifin corporate headquarters in Cleveland OH predicts Industrial Machinery profits will satisfy shareholders in search of risk-appropriate returns.
The significance of market volume is sometimes ignored, but with a total market capitalization of $11.557B ensures sufficient liquidity. With a beta of 1.98, the company is more volatile than the market as a whole. When the average equity moves higher, Parker-Hannifin moves more aggressively.
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