US Bancorp DE elevated its place in shares of Utilized Industrial Applied sciences, Inc. (NYSE:AIT – Free Report) by 0.1% throughout the third quarter, in response to its most up-to-date submitting with the Securities and Trade Fee. The agency owned 46,603 shares of the commercial merchandise firm’s inventory after buying an extra 50 shares throughout the interval. US Bancorp DE owned roughly 0.12% of Utilized Industrial Applied sciences value $10,399,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A number of different institutional buyers and hedge funds have additionally purchased and offered shares of AIT. Boston Belief Walden Corp raised its place in shares of Utilized Industrial Applied sciences by 1.2% within the second quarter. Boston Belief Walden Corp now owns 630,915 shares of the commercial merchandise firm’s inventory value $122,398,000 after shopping for an extra 7,720 shares within the final quarter. Dundas Companions LLP purchased a brand new stake in shares of Utilized Industrial Applied sciences throughout the 2nd quarter valued at about $46,805,000. Handelsbanken Fonder AB grew its holdings in shares of Utilized Industrial Applied sciences by 28.7% throughout the third quarter. Handelsbanken Fonder AB now owns 221,823 shares of the commercial merchandise firm’s inventory value $49,495,000 after buying an extra 49,500 shares within the final quarter. Victory Capital Administration Inc. elevated its place in shares of Utilized Industrial Applied sciences by 18.2% within the second quarter. Victory Capital Administration Inc. now owns 204,430 shares of the commercial merchandise firm’s inventory value $39,659,000 after buying an extra 31,514 shares over the last quarter. Lastly, Nordea Funding Administration AB bought a brand new stake in Utilized Industrial Applied sciences within the first quarter valued at roughly $39,093,000. 93.52% of the inventory is at present owned by hedge funds and different institutional buyers.
Insider Transactions at Utilized Industrial Applied sciences
In different Utilized Industrial Applied sciences information, VP Kurt W. Loring offered 4,858 shares of the corporate’s inventory in a transaction that occurred on Friday, August thirtieth. The inventory was offered at a median worth of $203.10, for a complete transaction of $986,659.80. Following the completion of the transaction, the vice chairman now owns 19,315 shares of the corporate’s inventory, valued at $3,922,876.50. This represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which is accessible at the SEC web site. In different information, CEO Neil A. Schrimsher offered 3,703 shares of Utilized Industrial Applied sciences inventory in a transaction dated Monday, August nineteenth. The shares had been offered at a median worth of $202.24, for a complete transaction of $748,894.72. Following the sale, the chief govt officer now owns 205,708 shares of the corporate’s inventory, valued at roughly $41,602,385.92. The commerce was a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. Additionally, VP Kurt W. Loring offered 4,858 shares of the inventory in a transaction dated Friday, August thirtieth. The inventory was offered at a median worth of $203.10, for a complete transaction of $986,659.80. Following the completion of the transaction, the vice chairman now straight owns 19,315 shares of the corporate’s inventory, valued at roughly $3,922,876.50. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. During the last ninety days, insiders offered 11,927 shares of firm inventory value $2,439,116. Firm insiders personal 1.67% of the corporate’s inventory.
Analyst Upgrades and Downgrades
AIT has been the topic of quite a lot of analysis studies. Loop Capital boosted their worth goal on shares of Utilized Industrial Applied sciences from $230.00 to $270.00 and gave the inventory a “purchase” score in a analysis observe on Monday, October twenty eighth. KeyCorp elevated their goal worth on Utilized Industrial Applied sciences from $245.00 to $275.00 and gave the corporate an “obese” score in a analysis observe on Friday, October twenty fifth. Financial institution of America lifted their worth goal on Utilized Industrial Applied sciences from $232.00 to $240.00 and gave the inventory a “impartial” score in a analysis observe on Friday, October twenty fifth. StockNews.com upgraded Utilized Industrial Applied sciences from a “maintain” score to a “purchase” score in a analysis report on Tuesday, October twenty second. Lastly, Robert W. Baird boosted their goal worth on Utilized Industrial Applied sciences from $210.00 to $250.00 and gave the inventory an “outperform” score in a analysis report on Wednesday, October sixteenth. Two analysts have rated the inventory with a maintain score and 7 have assigned a purchase score to the inventory. Primarily based on knowledge from MarketBeat, the corporate presently has a median score of “Average Purchase” and a consensus worth goal of $261.43.
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Utilized Industrial Applied sciences Buying and selling Down 0.0 %
Shares of AIT inventory opened at $231.50 on Friday. The corporate has a debt-to-equity ratio of 0.33, a present ratio of three.78 and a fast ratio of two.74. The enterprise has a 50-day shifting common of $217.87 and a 200 day shifting common of $202.68. The inventory has a market capitalization of $8.90 billion, a PE ratio of 23.62, a P/E/G ratio of three.25 and a beta of 1.03. Utilized Industrial Applied sciences, Inc. has a 1-year low of $153.13 and a 1-year excessive of $240.45.
Utilized Industrial Applied sciences (NYSE:AIT – Get Free Report) final issued its earnings outcomes on Thursday, October twenty fourth. The economic merchandise firm reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.11. Utilized Industrial Applied sciences had a web margin of 8.57% and a return on fairness of twenty-two.68%. The agency had income of $1.10 billion for the quarter, in comparison with analysts’ expectations of $1.08 billion. Throughout the identical quarter final 12 months, the enterprise earned $2.39 earnings per share. The enterprise’s income was up .3% on a year-over-year foundation. As a bunch, sell-side analysts anticipate that Utilized Industrial Applied sciences, Inc. will put up 9.74 earnings per share for the present 12 months.
Utilized Industrial Applied sciences Proclaims Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which can be paid on Friday, November twenty ninth. Stockholders of file on Friday, November fifteenth can be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Friday, November fifteenth. Utilized Industrial Applied sciences’s dividend payout ratio (DPR) is 15.10%.
About Utilized Industrial Applied sciences
Utilized Industrial Applied sciences, Inc distributes industrial movement, energy, management, and automation expertise options in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Middle Primarily based Distribution, and Engineered Options. The corporate distributes bearings, energy transmission merchandise, engineered fluid energy parts and techniques, specialty move management options, superior automation merchandise, industrial rubber merchandise, linear movement parts, automation options, instruments, security merchandise, oilfield provides, and different industrial and upkeep provides; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic parts, filtration provides, valves, fittings, course of instrumentation, actuators, and hoses, filtration provides, in addition to different associated provides for normal operational wants of shoppers’ equipment and tools.
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