• Clevelandish Team

How Have Cleveland Companies Fared During Trump's Presidency?


As the 2020 election nears, President Trump often boasts of the "record setting" stock markets as an indicator of his administration's success with the economy. Indeed, during the first forty-four months of his presidency, the Dow Jones Industrial Average and the S&P 500 are up 47.0% and 57.7%, respectively. (Calculated from 1/20/17-9/2/20).


But, before heading to the polls (or mailbox) this year, we wanted to get a sense of how well Trump's claims are holding up locally. We needed a pulse on Cleveland business. To do this, we looked at eleven of Cleveland's biggest publicly traded corporations and compared their share price today to its price on January 20, 2017 (when Trump took office). We will let you draw your own conclusions from the numbers below, but the results look like a mixed bag here in Northeast Ohio.

Progressive Corp. (+161.06%)

-Share price when Trump took office (open on 1/20/17): $36.39

-Share price now (close on 9/2/20): $95.00

-Percentage change: +161.06%


Eaton Corp. (+55.20%)

*Eaton is headquartered in Ireland, but has its operational HQ in Beachwood. -Share price when Trump took office (open on 1/20/17): $68.02

-Share price now (close on 9/2/20): $105.57

-Percentage change: +55.20%


The Sherwin-Williams Company (+145.93%)

-Share price when Trump took office (open on 1/20/17): $284.29

-Share price now (close on 9/2/20): $699.16

-Percentage change: +145.93%


Parker Hannifin Corp. (+48.36%)

-Share price when Trump took office (open on 1/20/17): $144.46

-Share price now (close on 9/2/20): $214.33

-Percentage change: +48.36%


TravelCenters of America Inc. (-37.59%)

-Share price when Trump took office (open on 1/20/17): $35.75

-Share price now (close on 9/2/20): $22.31

-Percentage change: -37.59%


KeyCorp (-28.83%)

-Share price when Trump took office (open on 1/20/17): $17.86

-Share price now (close on 9/2/20): $12.71

-Percentage change: -28.83%


Hyster-Yale Materials Handling, Inc. (-34.56%)

-Share price when Trump took office (open on 1/20/17): $62.27

-Share price now (close on 9/2/20): $40.75

-Percentage change: -34.56%


Applied Industrial Technologies Inc. (+1.76%)

-Share price when Trump took office (open on 1/20/17): $61.90

-Share price now (close on 9/2/20): $62.99

-Percentage change: +1.76%


Lincoln Electric Holdings Inc. (+21.89%)

-Share price when Trump took office (open on 1/20/17): $80.77

-Share price now (close on 9/2/20): $98.45

-Percentage change: +21.89%


Cleveland-Cliffs Inc. (-24.83%)

-Share price when Trump took office (open on 1/20/17): $9.06

-Share price now (close on 9/2/20): $6.81

-Percentage change: -24.83%


NACCO Industries Inc. (-15.92%)

-Share price when Trump took office (open on 1/20/17): $24.56

-Share price now (close on 9/2/20): $20.65

-Percentage change: -15.92%


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