6 days Ago By ABMN Staff
Mariner LLC lifted its position in shares of Applied Industrial Technologies, Inc. ( NYSE:AIT – Free Report ) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 3,742 shares of the industrial products company’s stock after acquiring an additional 283 shares during the quarter. Mariner LLC’s holdings in Applied Industrial Technologies were worth $896,000 at the end of the most recent quarter. Other institutional investors have also modified their holdings of the company.
Larson Financial Group LLC raised its position in shares of Applied Industrial Technologies by 5,900.0% during the 4th quarter. Larson Financial Group LLC now owns 120 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 118 shares during the last quarter.
Kestra Investment Management LLC acquired a new position in shares of Applied Industrial Technologies during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd.
acquired a new position in shares of Applied Industrial Technologies during the 4th quarter worth approximately $44,000. Huntington National Bank raised its position in shares of Applied Industrial Technologies by 33.8% during the 4th quarter.
Huntington National Bank now owns 186 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 47 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Applied Industrial Technologies by 25.3% during the 4th quarter.
Parkside Financial Bank & Trust now owns 203 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Applied Industrial Technologies Stock Performance Applied Industrial Technologies stock opened at $238.93 on Tuesday. The stock’s 50 day moving average price is $229.
52 and its 200 day moving average price is $246.15. The firm has a market capitalization of $9.
17 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 3.14 and a beta of 1.
01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.
55 and a current ratio of 3.76. Applied Industrial Technologies, Inc.
has a one year low of $180.35 and a one year high of $282.98.
Applied Industrial Technologies Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.46 per share.
The ex-dividend date was Friday, February 14th. This is an increase from Applied Industrial Technologies’s previous quarterly dividend of $0.37.
This represents a $1.84 annualized dividend and a yield of 0.77%.
Applied Industrial Technologies’s payout ratio is currently 18.64%. Analyst Upgrades and Downgrades Several research analysts recently issued reports on the company.
StockNews.com downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Raymond James reiterated an “outperform” rating and issued a $265.
00 price target (up from $250.00) on shares of Applied Industrial Technologies in a report on Thursday, January 30th. Loop Capital decreased their price objective on Applied Industrial Technologies from $320.
00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Robert W.
Baird raised their price target on Applied Industrial Technologies from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.
Finally, KeyCorp decreased their price target on Applied Industrial Technologies from $325.00 to $275.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th.
Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.14.
Check Out Our Latest Research Report on Applied Industrial Technologies Applied Industrial Technologies Profile ( Free Report ) Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.
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