Measured Wealth Private Client Group LLC Has $1.03 Million Holdings in Applied Industrial Technologies, Inc. (NYSE:AIT)

Measured Wealth Private Client Group LLC lowered its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,294 shares of the industrial products company’s stock after selling 556 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Applied Industrial Technologies were worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its holdings in shares of Applied Industrial Technologies by 8.1% in the second quarter. Cetera Investment Advisers now owns 5,501 shares of the industrial products company’s stock valued at $1,067,000 after purchasing an additional 412 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Applied Industrial Technologies in the 2nd quarter valued at $1,279,000. GAMMA Investing LLC raised its position in Applied Industrial Technologies by 58.6% in the 3rd quarter. GAMMA Investing LLC now owns 844 shares of the industrial products company’s stock valued at $188,000 after buying an additional 312 shares during the last quarter. CWM LLC lifted its stake in Applied Industrial Technologies by 5.5% during the 3rd quarter. CWM LLC now owns 3,361 shares of the industrial products company’s stock valued at $750,000 after acquiring an additional 175 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC purchased a new position in Applied Industrial Technologies during the 3rd quarter worth $7,540,000. 93.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 4,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total transaction of $1,126,560.00. Following the sale, the vice president now owns 55,709 shares in the company, valued at $15,689,882.76. This represents a 6.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Dean Hall sold 2,200 shares of Applied Industrial Technologies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $275.08, for a total value of $605,176.00. Following the completion of the transaction, the director now owns 3,462 shares of the company’s stock, valued at approximately $952,326.96. This trade represents a 38.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.67% of the company’s stock.

Analysts Set New Price Targets

AIT has been the subject of several analyst reports. Mizuho began coverage on shares of Applied Industrial Technologies in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $285.00 target price for the company. StockNews.com lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Oppenheimer boosted their target price on Applied Industrial Technologies from $260.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Raymond James reaffirmed an “outperform” rating and set a $265.00 price target (up from $250.00) on shares of Applied Industrial Technologies in a research report on Thursday, January 30th. Finally, KeyCorp lifted their price target on Applied Industrial Technologies from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and an average price target of $291.43.

Applied Industrial Technologies Trading Up 1.1 %

Shares of AIT stock opened at $267.70 on Friday. The company has a quick ratio of 2.55, a current ratio of 3.76 and a debt-to-equity ratio of 0.32. The firm has a market cap of $10.27 billion, a P/E ratio of 27.12, a PEG ratio of 3.33 and a beta of 1.08. The company has a 50 day moving average of $256.06 and a 200-day moving average of $234.88. Applied Industrial Technologies, Inc. has a 12-month low of $177.68 and a 12-month high of $282.98.

Applied Industrial Technologies (NYSE:AIT) last released its earnings results on Wednesday, January 29th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.18. Applied Industrial Technologies had a return on equity of 22.37% and a net margin of 8.62%. Sell-side analysts anticipate that Applied Industrial Technologies, Inc. will post 9.87 earnings per share for the current year.

Applied Industrial Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.46 dividend. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.37. This represents a $1.84 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, February 14th. Applied Industrial Technologies’s payout ratio is currently 14.99%.

Applied Industrial Technologies Company Profile

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.