Shares of Parker Hannifin Corp. /zigman2/quotes/202924304/composite PH +0.99% advanced 2.06% to $295.24 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.42% falling 0.11% to 4,241.84 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.44% falling 0.21% to 33,874.24. This was the stock's third consecutive day of gains. Parker Hannifin Corp. closed $29.44 below its 52-week high ($324.68), which the company achieved on May 10th.
The stock outperformed some of its competitors Wednesday, as Danaher Corp. /zigman2/quotes/210555154/composite DHR +1.62% rose 0.60% to $268.65, Rockwell Automation Inc. /zigman2/quotes/206335564/composite ROK +1.88% rose 0.22% to $285.80, and Dover Corp. /zigman2/quotes/208444467/composite DOV +1.32% fell 0.26% to $146.91. Trading volume (1.3 M) eclipsed its 50-day average volume of 803,599.