Applied Industrial Technologies, Inc. (NYSE:AIT) Shares Bought by Robeco Schweiz AG

Robeco Schweiz AG boosted its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,960 shares of the industrial products company's stock after buying an additional 26,800 shares during the quarter. Robeco Schweiz AG owned approximately 0.49% of Applied Industrial Technologies worth $44,771,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AIT. Versant Capital Management Inc boosted its holdings in shares of Applied Industrial Technologies by 16.8% in the fourth quarter. Versant Capital Management Inc now owns 382 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 55 shares during the period. CIBC Asset Management Inc grew its position in shares of Applied Industrial Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,206 shares of the industrial products company's stock worth $289,000 after buying an additional 64 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Applied Industrial Technologies by 3.7% during the third quarter. Coldstream Capital Management Inc. now owns 1,924 shares of the industrial products company's stock valued at $429,000 after buying an additional 68 shares during the period. Amalgamated Bank raised its holdings in shares of Applied Industrial Technologies by 0.4% in the fourth quarter. Amalgamated Bank now owns 17,670 shares of the industrial products company's stock valued at $4,231,000 after acquiring an additional 71 shares in the last quarter. Finally, Ballentine Partners LLC lifted its stake in Applied Industrial Technologies by 7.1% in the third quarter. Ballentine Partners LLC now owns 1,111 shares of the industrial products company's stock worth $248,000 after acquiring an additional 74 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Applied Industrial Technologies Stock Up 2.5 %

AIT stock traded up $6.11 on Friday, hitting $250.79. 294,109 shares of the company's stock were exchanged, compared to its average volume of 303,416. The firm has a 50 day moving average price of $253.61 and a two-hundred day moving average price of $241.31. Applied Industrial Technologies, Inc. has a 12-month low of $177.68 and a 12-month high of $282.98. The stock has a market cap of $9.62 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 3.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.55 and a current ratio of 3.76.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $2.39 earnings per share 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%. As a group, equities research analysts expect that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.46 per share. This is a positive change from Applied Industrial Technologies's previous quarterly dividend of $0.37. The ex-dividend date was Friday, February 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. Applied Industrial Technologies's dividend payout ratio is presently 18.64%.

Analyst Ratings Changes

AIT has been the subject of several recent research reports. KeyCorp boosted their price target on shares of Applied Industrial Technologies from $275.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Raymond James reissued an "outperform" rating and issued a $265.00 price objective (up previously from $250.00) on shares of Applied Industrial Technologies in a research note on Thursday, January 30th. Robert W. Baird increased their target price on Applied Industrial Technologies from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Bank of America raised Applied Industrial Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $285.00 to $315.00 in a research report on Tuesday, November 26th. Finally, Oppenheimer raised their price objective on Applied Industrial Technologies from $260.00 to $305.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $291.43.

Applied Industrial Technologies 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.