Parker-Hannifin Corporation specializes in motion and control technologies. Co. designs, manufactures, and provides aftermarket support for highly engineered solutions. Its segments include Diversified Industrial and Aerospace Systems. Diversified Industrial Segment, which is an aggregation of several business units, sells highly engineered differentiated products to both original equipment manufacturers (OEMs) and distributors who serve the aftermarket replacement markets. This segment serves various markets, including aerospace & defense, off-highway, in-plant & industrial equipment, energy, transportation and HVAC & refrigeration. We show 60 historical shares outstanding datapoints in our PH shares outstanding history coverage, used to compute PH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PH market cap history over the course of time is important for investors
interested in comparing PH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PH versus a peer is one thing; comparing
PH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PH can fluctuate over the course of history.
With this page we aim to empower investors researching PH by allowing them to research the PH market cap history. |
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Video: The Importance of Market Cap
