Parker Hannifin (NYSE:PH) has outperformed the market over the past 20 years by 6.56% on an annualized basis producing an average annual return of 14.94%. Currently, Parker Hannifin has a market capitalization of $75.49 billion. Buying $1000 In PH: If an investor had bought $1000 of PH stock 20 years ago, it would be worth $16,295.78 today based on a price of $587.30 for PH at the time of writing. Parker Hannifin’s Performance Over Last 20 YearsFinally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in y…