Is Parker-Hannifin Stock Outperforming the Nasdaq?

With a market cap of $127.4 billion, Parker-Hannifin Corporation (PH) is a global manufacturer of motion and control technologies serving aerospace and defense, industrial equipment, transportation, energy, and HVAC and refrigeration markets across North America, Europe, Asia Pacific, and Latin America. Operating through its Diversified Industrial and Aerospace Systems segments, the company offers a broad portfolio of products including filtration, sealing, fluid conveyance, actuation, control, and thermal management solutions. 

Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Parker-Hannifin fits this criterion perfectly. Headquartered in Cleveland, Ohio, the company sells its products primarily to original equipment manufacturers through distributors and direct sales channels.