Warren Hoffner III Sells 8,000 Shares of Applied Industrial Technologies (NYSE:AIT) Stock
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Warren Hoffner III, VP of Applied Industrial Technologies (NYSE:AIT), sold 8,000 shares at an average price of $306.04, totaling $2,448,320. This sale reduced his ownership by 16.41%, leaving him with 40,751 shares valued at approximately $12.47 million. The transaction was disclosed to the SEC. The company's stock opened at $316.17, with a market cap of $11.69 billion and a PE ratio of 29.86. Applied Industrial Technologies recently reported earnings of $2.65 per share, exceeding estimates, and declared a quarterly dividend of $0.51, payable on May 29.
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