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Applied Industrial Technologies (AIT): Evaluating Valuation After Automation Deals, Hydradyne Acquisition and Enhanced Shareholder Returns
Applied Industrial Technologies (AIT) just doubled down on its growth strategy by closing acquisitions of IRIS Factory Automation and Hydradyne, while also rolling out richer shareholder returns through higher dividends and a fresh share repurchase program.
See our latest analysis for Applied Industrial Technologies.
Those moves are landing against a solid backdrop, with the latest share price of $259.48 sitting on an 8.75 percent year to date share price return and an impressive 5 year total...