Have Insiders Sold Applied Industrial Technologies, Inc. (NYSE:AIT) Shares Recently?

By
Simply Wall St
Published
November 22, 2020
NYSE:AIT

Anyone interested in Applied Industrial Technologies, Inc. (NYSE:AIT) should probably be aware that the Independent Chairman of the Board, Peter Wallace, recently divested US$415k worth of shares in the company, at an average price of US$76.83 each. That sale was 18% of their holding, so it does make us raise an eyebrow.

See our latest analysis for Applied Industrial Technologies

The Last 12 Months Of Insider Transactions At Applied Industrial Technologies

In fact, the recent sale by Peter Wallace was the biggest sale of Applied Industrial Technologies shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$76.64. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

All up, insiders sold more shares in Applied Industrial Technologies than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NYSE:AIT Insider Trading Volume November 22nd 2020

I will like Applied Industrial Technologies better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership of Applied Industrial Technologies

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Applied Industrial Technologies insiders own 1.3% of the company, worth about US$37m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Applied Industrial Technologies Tell Us?

Insiders haven't bought Applied Industrial Technologies stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Applied Industrial Technologies. At Simply Wall St, we found 6 warning signs for Applied Industrial Technologies that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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