Applied Industrial Technologies (NYSE:AIT) gets upgraded to Buy by Wellington Shields

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Analyst Ratings For Applied Industrial Technologies (NYSE:AIT)

Today, Applied Industrial Technologies (NYSE:AIT) stock received an upgrade by Wellington Shields from Accumulate to Buy.

There are 1 Hold Ratings, 1 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Applied Industrial Technologies (NYSE:AIT) is Buy with a consensus target price of $80.00 per share, a potential 9.14% upside.

Some recent analyst ratings include

  • 8/13/2018-Applied Industrial Technologies (NYSE:AIT) gets upgraded to Buy by Wellington Shields
  • 7/25/2017-Applied Industrial Technologies (NYSE:AIT) has coverage initiated with a Neutral rating

Recent Insider Trading Activity For Applied Industrial Technologies (NYSE:AIT)
Applied Industrial Technologies (NYSE:AIT) has insider ownership of 3.70% and institutional ownership of 87.02%.

  • On 6/11/2018 Peter C Wallace, Director, sold 737 with an average share price of $73.04 per share and the total transaction amounting to $53,830.48.
  • On 6/7/2018 Peter C Wallace, Director, sold 3,700 with an average share price of $73.04 per share and the total transaction amounting to $270,248.00.
  • On 5/1/2018 Joe Anthony Raver, Director, bought 1,585 with an average share price of $63.20 per share and the total transaction amounting to $100,172.00.
  • On 2/2/2018 Green Edith Kelly, Director, sold 6,873 with an average share price of $74.41 per share and the total transaction amounting to $511,419.93.
  • On 2/2/2018 Todd A Barlett, VP, sold 3,800 with an average share price of $75.00 per share and the total transaction amounting to $285,000.00.
  • On 8/28/2017 Mark O Eisele, VP, sold 4,939 with an average share price of $55.91 per share and the total transaction amounting to $276,139.49.
  • On 8/25/2017 Mark O Eisele, VP, sold 6,000 with an average share price of $55.89 per share and the total transaction amounting to $335,340.00.

About Applied Industrial Technologies (NYSE:AIT)
Applied Industrial Technologies, Inc. distributes industrial products in the United States, Puerto Rico, Canada, Mexico, 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 Businesses. The company distributes bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and fluid power products, such as hydraulic, pneumatic, lubrication, and filtration components and systems. It also operates fabricated rubber shops that modify and repair conveyor belts, as well as provide hose assemblies; and field crews to install and repair conveyor belts and rubber lining at customer locations. In addition, the company rebuilds or assembles speed reducers, pumps, valves, cylinders, and electric and hydraulic motors, as well as custom machining products; and offers equipment repair services and technical advice to customers. It offers industrial products through a network of service centers; and fluid power products directly to customers or through service centers. The company serves various industries, including agriculture and food processing, automotive, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, mining, oil and gas, primary metals, transportation, and utilities, as well as government entities. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.

Recent Trading Activity for Applied Industrial Technologies (NYSE:AIT)
Shares of Applied Industrial Technologies closed the previous trading session at 73,85 up +1,65 2,29 % with 71.95 shares trading hands.