5 Best Industrial Machinery Stocks to Invest in

3. Parker-Hannifin Corporation (NYSE:PH)

Number of Hedge Fund Investors In Q4 2023: 63

Parker-Hannifin Corporation (NYSE:PH) is a specialty industrial machinery company that sells fuel systems, hydraulic systems, and other associated products that are used in airplanes. With the first quarter of 2024 ending, the firm is at the center of some positive share purchases. One such purchase came from Raymond James, who upped its stake to $87 million.

As of December 2023 end, 63 out of the 933 hedge funds covered by Insider Monkey’s research had bought Parker-Hannifin Corporation (NYSE:PH)’s shares. Ric Dillon’s Diamond Hill Capital was the biggest investor as it held a $450 million stake.

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