Strong Results Drove Parker-Hannifin (PH) Higher in Q3

Core Insights - Madison Large Cap Fund underperformed in Q3 2025, decreasing by 2.2% compared to an 8.1% gain for the S&P 500 Index, primarily due to a market focus on short-term profits [1] - The fund's top five contributors included Parker-Hannifin Corporation, which reported strong results in its aerospace segment and company-wide margin improvements [3] Company Performance - Parker-Hannifin Corporation (NYSE:PH) achieved a one-month return of 14.14% and a 52-week gain of 20.21%, closing at $840.63 per share with a market capitalization of $106.076 billion on November 10, 2025 [2] - In the first quarter of fiscal 2026, Parker-Hannifin reported record sales of $5.1 billion, reflecting an organic growth of 5% [4] Investment Sentiment - Despite its strong performance, Parker-Hannifin is not among the 30 most popular stocks among hedge funds, with 51 hedge fund portfolios holding the stock at the end of Q2 2025, unchanged from the previous quarter [4] - There is a belief that certain AI stocks may offer greater upside potential and carry less downside risk compared to Parker-Hannifin [4]