John Allison’s Unio Capital Portfolio: 5 Dividend Stocks

3. Parker-Hannifin Corporation (NYSE:PH)

Dividend Yield as of July 3: 2.14%
Unio Capital’s Stake Value: $872,000

Parker-Hannifin Corporation (NYSE:PH) is an Ohio-based manufacturing company that produces motion and control technologies and systems.

On April 28, Parker-Hannifin Corporation (NYSE:PH) announced a quarterly dividend of $1.33 per share, up 29% from the previous dividend. The company has a solid history of dividend payments, offering dividends to shareholders for the past 286 quarters consecutively. Moreover, it also maintains a 66-year track record of dividend growth. The stock’s yield stood at 2.14%, as of the close of July 3.

During Q1 2022, Unio Capital purchased additional 6,600 PH shares, increasing its stake in the company by 26%. The hedge fund’s total stake in the company stood at $872,000, which accounted for 4.61% of John Allison’s portfolio. In April, Stifel set a $338 price target on Parker-Hannifin Corporation (NYSE:PH) with a Buy rating on the shares.

Viking Global owned over 3 million shares in Parker-Hannifin Corporation (NYSE:PH), worth $898 million, becoming the company’s largest shareholder in Q1. In addition to this, 39 hedge funds held stakes in the company, as tracked by Insider Monkey. The consolidated value of these stakes is over $1.3 billion.