Parker Hannifin Corporation (NYSE:PH) is one of the great corporations of America. Founded in 1924 (after Arthur Parker’s first start-up in 1918 foundered due to a truck accident destroying all its inventory), it has remained an independent manufacturer of motion and control equipment. In other words, PH is an industrial company, in an age where Internet, IT and services businesses are supposed to have rendered such enterprises as dinosaurs frozen in the ice age on the US economic scene. PH must not have been properly notified of their impending doom. Consider the statistics since 2001:























