Parker Hannifin stock rallies 3.43% on strong trading day

11 articles · Updated · MarketWatch · May 6

Shares closed at $902.66 on Wednesday, marking a second straight gain as the S&P 500 rose 1.46% and the Dow added 1.24%.
Parker Hannifin outperformed Danaher and Eaton, though Honeywell posted a slightly bigger rise of 3.73% in the session.
The stock remains 12.78% below its 52-week high of $1,034.96 reached on 25 February, while trading volume of 901,476 topped its 50-day average.

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With a record backlog and major acquisitions, can Parker Hannifin sustain its impressive growth, or are integration challenges ahead?