Applied Industrial Technologies, Inc. (NYSE:AIT – Get Rating) CEO Neil A. Schrimsher sold 1,655 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $130.01, for a total transaction of $215,166.55. Following the transaction, the chief executive officer now owns 316,563 shares of the company’s stock, valued at $41,156,355.63. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Applied Industrial Technologies Stock Performance
Shares of NYSE AIT opened at $125.40 on Friday. The company has a market cap of $4.85 billion, a PE ratio of 14.79 and a beta of 1.19. Applied Industrial Technologies, Inc. has a 12 month low of $88.09 and a 12 month high of $149.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.14 and a quick ratio of 2.04. The company has a 50-day simple moving average of $133.16 and a 200-day simple moving average of $132.50.
Applied Industrial Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.12%. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 16.45%.
Institutional Investors Weigh In On Applied Industrial Technologies
Wall Street Analyst Weigh In
AIT has been the subject of several recent research reports. Robert W. Baird raised their target price on shares of Applied Industrial Technologies from $160.00 to $161.00 in a report on Friday, April 28th. Loop Capital raised their target price on shares of Applied Industrial Technologies from $150.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 27th. StockNews.com assumed coverage on shares of Applied Industrial Technologies in a report on Thursday, May 18th. They set a “buy” rating for the company. Finally, KeyCorp lifted their price target on shares of Applied Industrial Technologies from $138.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, January 27th.
Applied Industrial Technologies Company Profile
Applied Industrial Technologies, Inc engages in the manufacture and distribution of industrial parts and products. It operates through the Service Center Based Distribution, and Fluid Power & Flow Control Business segments. The Service Center-Based Distribution segment provides customers with a wide range of industrial products through a network of service centers.
- Get a free copy of the StockNews.com research report on Applied Industrial Technologies (AIT)
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