5 Stocks with Latest Dividend Increases

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1. Parker-Hannifin Corp (NYSE:PH)

Number of Hedge Fund Investors: 63

Motion and control technologies company Parker-Hannifin Corp (NYSE:PH) is one of the stocks that saw dividend hikes recently. The Cleveland, Ohio-based company increased its dividend by 10% to $1.63 per share. This marked the 68th consecutive year of dividend increases for Parker-Hannifin Corp (NYSE:PH).

As of the end of the fourth quarter of 2023, 63 hedge funds tracked by Insider Monkey reported owning stakes in Parker-Hannifin Corp (NYSE:PH).

Carillon Chartwell Mid Cap Value Fund stated the following regarding Parker-Hannifin Corporation (NYSE:PH) in its fourth quarter 2023 investor letter:

“Parker-Hannifin Corporation (NYSE:PH) manufactures components and systems for various industrial activities. We sold this stock after strong performance and multiple expansion, and the timing of the sale resulted in a negative contribution for the quarter.”

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