Applied Industrial Technologies, Inc. (NYSE:AIT) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG decreased its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,044 shares of the industrial products company's stock after selling 3,050 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Applied Industrial Technologies were worth $3,124,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AIT. Larson Financial Group LLC boosted its holdings in Applied Industrial Technologies by 5,900.0% in the 4th quarter. Larson Financial Group LLC now owns 120 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 118 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Applied Industrial Technologies in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in Applied Industrial Technologies in the fourth quarter worth approximately $44,000. Parkside Financial Bank & Trust increased its stake in Applied Industrial Technologies by 25.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 203 shares of the industrial products company's stock worth $49,000 after acquiring an additional 41 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of Applied Industrial Technologies during the 3rd quarter worth $84,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Applied Industrial Technologies Stock Down 2.5 %

Applied Industrial Technologies stock traded down $5.51 during trading on Friday, reaching $211.16. The stock had a trading volume of 581,168 shares, compared to its average volume of 281,425. The company has a quick ratio of 2.55, a current ratio of 3.76 and a debt-to-equity ratio of 0.32. Applied Industrial Technologies, Inc. has a 52-week low of $177.68 and a 52-week high of $282.98. The stock has a market cap of $8.10 billion, a PE ratio of 21.39, a P/E/G ratio of 3.14 and a beta of 1.01. The business has a 50 day moving average price of $243.16 and a 200 day moving average price of $245.89.

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Applied Industrial Technologies (NYSE:AIT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.21 by $0.18. Applied Industrial Technologies had a return on equity of 22.37% and a net margin of 8.62%. On average, analysts predict that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current 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 $0.46 dividend. This is a positive change from Applied Industrial Technologies's previous quarterly dividend of $0.37. This represents a $1.84 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, February 14th. Applied Industrial Technologies's dividend payout ratio is currently 18.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AIT shares. Robert W. Baird boosted their price target on shares of Applied Industrial Technologies from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. StockNews.com lowered Applied Industrial Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Raymond James reaffirmed an "outperform" rating and issued a $265.00 price objective (up from $250.00) on shares of Applied Industrial Technologies in a research note on Thursday, January 30th. Finally, KeyCorp decreased their target price on Applied Industrial Technologies from $325.00 to $275.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $284.29.

About Applied Industrial Technologies

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.