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How Insider Selling and Dividend Hike Will Impact Applied Industrial Technologies (AIT) Investors
In recent weeks, Warren E III Hoffner, Applied Industrial Technologies’ VP and General Manager of Fluid Power, sold 4,000 company shares, while management reiterated confidence in order momentum, engineered solutions, and cash generation despite accounting-driven margin pressures.
Alongside this insider sale, Applied emphasized support for its long-term business direction through ongoing bolt-on acquisitions like Thompson Industrial Supply and an 11% dividend increase.
With management’s...