Disclosure Insight Maintains Medium Risk Rating on Applies Industrial Technologies

A report from Disclosure Insight reiterates its Medium Risk Positive Bias rating on Applied Industrial Technologies AIT. The report states, “Acquisition activity and the retirement of Chairman & CEO David Pugh support our opinion of a Medium Risk - Positive Bias rating for AIT. AIT reported 6 acquisitions and 2 asset acquisitions for at least $233 million, of which at least $53 million was allocated to goodwill. Terms for 2 of the acquisitions were not disclosed.” AIT closed yesterday at $34.53.
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Posted In: Analyst ColorNewsReiterationManagementPre-Market OutlookAnalyst RatingsDavid PughDisclosure Insight
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