Natixis Investment Managers International Has $99,000 Stock Holdings in Applied Industrial Technologies, Inc. (NYSE:AIT)

Natixis Investment Managers International lessened its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 17.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 499 shares of the industrial products company’s stock after selling 104 shares during the quarter. Natixis Investment Managers International’s holdings in Applied Industrial Technologies were worth $99,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in Applied Industrial Technologies by 14.9% in the third quarter. American Century Companies Inc. now owns 29,351 shares of the industrial products company’s stock valued at $4,538,000 after buying an additional 3,811 shares during the period. Legato Capital Management LLC lifted its stake in Applied Industrial Technologies by 23.7% in the fourth quarter. Legato Capital Management LLC now owns 3,830 shares of the industrial products company’s stock valued at $661,000 after buying an additional 735 shares during the period. Raymond James & Associates lifted its stake in Applied Industrial Technologies by 55.5% in the fourth quarter. Raymond James & Associates now owns 20,265 shares of the industrial products company’s stock valued at $3,500,000 after buying an additional 7,235 shares during the period. Sendero Wealth Management LLC lifted its stake in Applied Industrial Technologies by 10.3% in the fourth quarter. Sendero Wealth Management LLC now owns 2,728 shares of the industrial products company’s stock valued at $471,000 after buying an additional 255 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Applied Industrial Technologies in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Applied Industrial Technologies Stock Up 2.4 %

Shares of NYSE:AIT traded up $4.97 during mid-day trading on Thursday, reaching $209.66. 253,657 shares of the stock were exchanged, compared to its average volume of 307,324. 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 company has a market cap of $8.09 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.06 and a beta of 1.06. Applied Industrial Technologies, Inc. has a one year low of $138.38 and a one year high of $212.19. The stock’s 50 day simple moving average is $193.57 and its 200-day simple moving average is $188.66.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.13 billion. Applied Industrial Technologies had a return on equity of 23.69% and a net margin of 8.36%. Applied Industrial Technologies’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $2.38 earnings per share. As a group, equities research analysts predict that Applied Industrial Technologies, Inc. will post 9.62 EPS for the current year.

Applied Industrial Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.37 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.48 dividend on an annualized basis and a yield of 0.71%. Applied Industrial Technologies’s dividend payout ratio is 15.51%.

Wall Street Analyst Weigh In

AIT has been the topic of several analyst reports. Northcoast Research initiated coverage on Applied Industrial Technologies in a research note on Monday, July 1st. They issued a “neutral” rating on the stock. Oppenheimer initiated coverage on Applied Industrial Technologies in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $235.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.00.

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Jason W. Vasquez sold 650 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $196.71, for a total value of $127,861.50. Following the completion of the transaction, the vice president now directly owns 22,960 shares in the company, valued at $4,516,461.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.