Oregon Public Employees Retirement Fund Buys 500 Shares of Applied Industrial Technologies (NYSE:AIT)

Oregon Public Employees Retirement Fund grew its stake in Applied Industrial Technologies (NYSE:AIT) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,510 shares of the industrial products company’s stock after acquiring an additional 500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Applied Industrial Technologies were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FinTrust Capital Advisors LLC raised its stake in shares of Applied Industrial Technologies by 174.8% during the first quarter. FinTrust Capital Advisors LLC now owns 437 shares of the industrial products company’s stock worth $26,000 after buying an additional 278 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Applied Industrial Technologies by 13.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,943 shares of the industrial products company’s stock worth $175,000 after buying an additional 343 shares during the last quarter. Zions Bancorporation N.A. raised its stake in shares of Applied Industrial Technologies by 15.1% during the first quarter. Zions Bancorporation N.A. now owns 3,176 shares of the industrial products company’s stock worth $189,000 after buying an additional 416 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Applied Industrial Technologies during the first quarter worth approximately $282,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Applied Industrial Technologies during the first quarter worth approximately $296,000. 88.49% of the stock is owned by institutional investors.

Separately, ValuEngine raised shares of Applied Industrial Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.00.

NYSE AIT traded down $0.96 during trading on Thursday, reaching $55.00. 241,239 shares of the stock traded hands, compared to its average volume of 153,529. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.71 and a beta of 1.31. The firm’s 50-day moving average is $59.36. The company has a current ratio of 2.70, a quick ratio of 1.61 and a debt-to-equity ratio of 1.06. Applied Industrial Technologies has a fifty-two week low of $50.56 and a fifty-two week high of $82.35.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, August 14th. Applied Industrial Technologies’s dividend payout ratio is currently 33.16%.

About Applied Industrial Technologies

Applied Industrial Technologies, Inc distributes industrial products in North America, 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 and Flow Control.

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Institutional Ownership by Quarter for Applied Industrial Technologies (NYSE:AIT)

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