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Cleveland, Ohio-based Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets in North America and internationally. The company has a market cap of $126.1 billion and operates through two segments: Diversified Industrial and Aerospace Systems.
Shares of Parker-Hannifin have rallied the broader market over the past year, surging 36.8% compared to the S&P 500 Index’s ($SPX) 19.5% surge. Moreover, in 2026, the stock has risen by nearly 14.1%, outperforming the SPX’s 11.6% rise.
