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Applied Industrial Technologies (NYSE:AIT - Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 11th. Analysts expect Applied Industrial Technologies to post earnings of $1.68 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link. Applied Industrial Technologies Price Performance
Applied Industrial Technologies stock opened at $103.92 on Wednesday. The business's 50-day simple moving average is $97.12 and its 200 day simple moving average is $99.44. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 17.09 and a beta of 1.23. The company has a quick ratio of 1.87, a current ratio of 2.79 and a debt-to-equity ratio of 0.62. Applied Industrial Technologies has a 12-month low of $80.93 and a 12-month high of $111.68. Applied Industrial Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, August 12th. Applied Industrial Technologies's payout ratio is 22.37%. Analysts Set New Price Targets
Separately, StockNews.com downgraded Applied Industrial Technologies from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 14th.Insiders Place Their Bets
In other news, CEO Neil A. Schrimsher sold 13,488 shares of Applied Industrial Technologies stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $108.20, for a total value of $1,459,401.60. Following the completion of the sale, the chief executive officer now owns 274,213 shares in the company, valued at approximately $29,669,846.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Peter C. Wallace sold 5,000 shares of Applied Industrial Technologies stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $108.47, for a total transaction of $542,350.00. Following the completion of the sale, the director now directly owns 19,357 shares of the company's stock, valued at approximately $2,099,653.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Neil A. Schrimsher sold 13,488 shares of Applied Industrial Technologies stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $108.20, for a total value of $1,459,401.60. Following the completion of the transaction, the chief executive officer now directly owns 274,213 shares in the company, valued at $29,669,846.60. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company's stock. Institutional Trading of Applied Industrial Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Applied Industrial Technologies by 7.0% during the first quarter. BlackRock Inc. now owns 7,001,286 shares of the industrial products company's stock valued at $718,751,000 after buying an additional 459,302 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Applied Industrial Technologies in the first quarter valued at about $8,537,000. State Street Corp boosted its stake in Applied Industrial Technologies by 3.7% in the 1st quarter. State Street Corp now owns 1,359,830 shares of the industrial products company's stock worth $139,600,000 after purchasing an additional 48,469 shares during the period. Vanguard Group Inc. grew its stake in Applied Industrial Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,632,164 shares of the industrial products company's stock valued at $475,538,000 after acquiring an additional 37,140 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Applied Industrial Technologies by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 412,427 shares of the industrial products company's stock valued at $42,340,000 after buying an additional 10,627 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors. About Applied Industrial Technologies (Get Rating)
Applied Industrial Technologies, Inc distributes industrial products in North America, Australia, New Zealand, and Singapore. It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. 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, 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, as well as other related supplies for general operational needs of customers' machinery and equipment.Featured ArticlesGet a free copy of the StockNews.com research report on Applied Industrial Technologies (AIT)Are 3M, Honeywell, GE Buys After Quarterly Reports?Is Sofi Financial Stock Finally Ready to Pay Off for Investors?This Defense Stock Has Bullish Fundamentals AND TechnicalsCVS and Walgreens Show Why Investment Objectives Matter Are Medtronic And Intuitive Surgical Poised For Big Growth?
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