Applied Industrial Technologies (NYSE:AIT) Director Peter C. Wallace sold 737 shares of the stock in a transaction on Monday, June 11th. The shares were sold at an average price of $73.04, for a total value of $53,830.48. Following the completion of the transaction, the director now directly owns 22,374 shares in the company, valued at approximately $1,634,196.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Applied Industrial Technologies traded up $0.25, hitting $74.20, during mid-day trading on Thursday, Marketbeat Ratings reports. 729 shares of the company’s stock were exchanged, compared to its average volume of 243,312. The company has a market capitalization of $2.86 billion, a PE ratio of 26.16, a PEG ratio of 1.67 and a beta of 0.94. Applied Industrial Technologies has a fifty-two week low of $54.00 and a fifty-two week high of $75.40. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 1.26.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. The business had revenue of $827.67 million for the quarter, compared to the consensus estimate of $803.23 million. Applied Industrial Technologies had a return on equity of 17.52% and a net margin of 5.40%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. analysts predict that Applied Industrial Technologies will post 3.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Tuesday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, May 14th. Applied Industrial Technologies’s payout ratio is presently 42.25%.

A number of institutional investors have recently modified their holdings of the stock. Bruderman Asset Management LLC acquired a new stake in shares of Applied Industrial Technologies in the 1st quarter valued at about $160,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Applied Industrial Technologies by 39.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,600 shares of the industrial products company’s stock valued at $177,000 after purchasing an additional 730 shares during the period. Verity Asset Management Inc. acquired a new stake in shares of Applied Industrial Technologies in the 4th quarter valued at about $206,000. LPL Financial LLC acquired a new stake in shares of Applied Industrial Technologies in the 4th quarter valued at about $212,000. Finally, Premia Global Advisors LLC acquired a new stake in shares of Applied Industrial Technologies in the 1st quarter valued at about $232,000. 88.22% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on AIT. ValuEngine raised Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Applied Industrial Technologies currently has an average rating of “Hold” and an average price target of $68.50.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, Inc distributes industrial products in the United States, Puerto Rico, Canada, Mexico, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in two segments, Service Center-Based Distribution and Fluid Power Businesses.

Insider Buying and Selling by Quarter for Applied Industrial Technologies (NYSE:AIT)

Receive News & Ratings for Applied Industrial Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Industrial Technologies and related companies with MarketBeat.com's FREE daily email newsletter.