FCA Corp TX Buys New Holdings in Applied Industrial Technologies, Inc. (NYSE:AIT)

FCA Corp TX purchased a new stake in Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,274 shares of the industrial products company's stock, valued at approximately $545,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arizona State Retirement System lifted its position in shares of Applied Industrial Technologies by 0.4% during the 4th quarter. Arizona State Retirement System now owns 11,156 shares of the industrial products company's stock valued at $2,672,000 after acquiring an additional 40 shares during the period. Parkside Financial Bank & Trust increased its stake in Applied Industrial Technologies by 25.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 203 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 41 shares in the last quarter. Versant Capital Management Inc raised its holdings in Applied Industrial Technologies by 16.8% during the fourth quarter. Versant Capital Management Inc now owns 382 shares of the industrial products company's stock worth $91,000 after purchasing an additional 55 shares during the last quarter. CIBC Asset Management Inc boosted its position in Applied Industrial Technologies by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,206 shares of the industrial products company's stock worth $289,000 after purchasing an additional 64 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in Applied Industrial Technologies by 3.7% in the third quarter. Coldstream Capital Management Inc. now owns 1,924 shares of the industrial products company's stock valued at $429,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

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Applied Industrial Technologies Trading Down 0.0 %

NYSE AIT traded down $0.10 during mid-day trading on Thursday, reaching $232.79. 258,037 shares of the stock were exchanged, compared to its average volume of 261,441. The business's fifty day simple moving average is $247.48 and its 200 day simple moving average is $244.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.55 and a current ratio of 3.76. The stock has a market capitalization of $8.93 billion, a PE ratio of 23.59, a PEG ratio of 3.14 and a beta of 1.08. Applied Industrial Technologies, Inc. has a 1-year low of $177.68 and a 1-year high of $282.98.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last released 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, research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Applied Industrial Technologies's previous quarterly dividend of $0.37. This represents a $1.84 annualized dividend and a dividend yield of 0.79%. Applied Industrial Technologies's dividend payout ratio (DPR) is currently 18.64%.

Analyst Ratings Changes

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