Seven Eight Capital LP Acquires 4,566 Shares of Applied Industrial Technologies, Inc. (NYSE:AIT)
Seven Eight Capital LP recently purchased 4,566 shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the fourth quarter, as reported in their latest Form 13F filing with the Securities & Exchange Commission. The value of the stake amounted to approximately $789,000.
Other institutional investors have also shown interest in the company, with Huntington National Bank, McGlone Suttner Wealth Management Inc., GAMMA Investing LLC, Consolidated Planning Corp, and Riverwater Partners LLC making significant investments in Applied Industrial Technologies.
The stock performance of Applied Industrial Technologies has been strong, with the company reporting a positive earnings per share (EPS) of $2.48 for the most recent quarter, surpassing the consensus estimate. Analysts predict a continued positive trend for the company, with an estimated EPS of 9.62 for the current fiscal year.
Additionally, Applied Industrial Technologies announced a quarterly dividend, indicating a healthy dividend yield. The company has received favorable ratings from analysts, with an average price target of $201.00.
In terms of insider activity, VP Jason W. Vasquez recently sold shares of Applied Industrial Technologies stock, demonstrating confidence in the company’s performance.
Applied Industrial Technologies operates in the industrial motion, power, control, and automation technology sector, distributing a wide range of products and solutions in North America, Australia, New Zealand, and Singapore.
Overall, Applied Industrial Technologies continues to show promise and growth potential in the industrial products market.
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