Measured Wealth Private Client Group LLC Acquires 139 Shares of Applied Industrial Technologies, Inc. (NYSE:AIT)

Measured Wealth Private Client Group LLC boosted its holdings in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,846 shares of the industrial products company’s stock after buying an additional 139 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Applied Industrial Technologies were worth $837,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Meritage Portfolio Management boosted its position in shares of Applied Industrial Technologies by 2.0% during the fourth quarter. Meritage Portfolio Management now owns 3,638 shares of the industrial products company’s stock worth $628,000 after acquiring an additional 73 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Applied Industrial Technologies by 0.8% during the third quarter. Pinnacle Associates Ltd. now owns 9,933 shares of the industrial products company’s stock worth $1,536,000 after acquiring an additional 77 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Applied Industrial Technologies by 0.8% during the fourth quarter. Blue Trust Inc. now owns 11,101 shares of the industrial products company’s stock worth $1,917,000 after acquiring an additional 86 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Applied Industrial Technologies by 6.0% during the third quarter. Sequoia Financial Advisors LLC now owns 1,652 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 93 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Applied Industrial Technologies by 4.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 2,054 shares of the industrial products company’s stock worth $318,000 after buying an additional 95 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. KeyCorp raised their price target on Applied Industrial Technologies from $195.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Oppenheimer began coverage on shares of Applied Industrial Technologies in a research note on Tuesday, April 2nd. They set an “outperform” rating and a $235.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $201.00.

Applied Industrial Technologies Stock Up 0.7 %

Shares of NYSE AIT traded up $1.35 during midday trading on Friday, reaching $185.98. 233,909 shares of the company’s stock traded hands, compared to its average volume of 277,210. The company has a quick ratio of 2.70, a current ratio of 3.77 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $189.50 and its 200-day simple moving average is $176.28. Applied Industrial Technologies, Inc. has a one year low of $122.24 and a one year high of $201.76. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.92 and a beta of 1.10.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.13 billion. Applied Industrial Technologies had a net margin of 8.36% and a return on equity of 23.69%. Applied Industrial Technologies’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $2.38 earnings per share. On average, analysts predict that Applied Industrial Technologies, Inc. will post 9.6 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.48 annualized dividend and a yield of 0.80%. Applied Industrial Technologies’s dividend payout ratio (DPR) is 15.51%.

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.