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 (NYSE: 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.