Both industrial distributors have rewarded shareholders for years, but one carries a payout ratio that leaves little cushion while the other sits below analyst targets with a cleaner growth story waiting to play out.
Corient Private Wealth LP increased its holdings in Applied Industrial Technologies, Inc. (NYSE: AIT) by 99.5% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,202 shares of the industrial products company's stock after acquiring an additional
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Applied Industrial Technologies (AIT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Allworth Financial LP acquired a new stake in Applied Industrial Technologies, Inc. (NYSE: AIT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,554 shares of the industrial products company's stock, valued at approximately $525,000. Several other institutional investors and hedge funds have