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With a market cap of $96.7 billion, Parker-Hannifin Corporation (PH) is a leading manufacturer and seller of motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Based in Cleveland, Ohio, the company operates through two segments: Diversified Industrial and Aerospace Systems.
Companies worth $10 billion or more are generally described as “large-cap stocks”, and Parker-Hannifin fits this criterion perfectly.