Is this the Best Time to Add Parker-Hannifin (PH)?

Core Viewpoint - ClearBridge Investments reported strong performance in the third quarter of 2025, with significant gains in major indices, but underperformance in its strategy due to underexposure to AI stocks and holding perceived AI losers [1] Group 1: Market Performance - The S&P 500 Index increased by 8.1% and the Nasdaq Composite rose by 11.2% during the third quarter of 2025 [1] - The Russell 1000 Growth Index saw a rise of 10.5% for the quarter [1] Group 2: Company Focus - Parker-Hannifin Corporation - Parker-Hannifin Corporation (NYSE:PH) is highlighted as a promising investment, with a one-month return of 1.24% and a 52-week gain of 22.21% [2] - As of October 3, 2025, Parker-Hannifin's stock closed at $763.03, with a market capitalization of $97.386 billion [2] - The company operates in motion and control technologies for mobile, industrial, and aerospace markets, with a focus on early cyclical companies benefiting from an improving economy [3] Group 3: Investment Strategy Insights - ClearBridge Investments added Parker-Hannifin to its portfolio, citing its exposure to resilient aerospace growth and rebounding short-cycle industrial businesses [3] - The firm expresses optimism about the durability of growth in aerospace, supported by holdings in RTX and Airbus [3] - Despite recognizing Parker-Hannifin's potential, the firm suggests that certain AI stocks may offer greater upside potential and less downside risk [4]