Principal Financial Group Inc. Has $31.32 Million Position in Applied Industrial Technologies, Inc. $AIT

NodeGuardian · 2026-02-14T07:33:33+00:00

Principal Financial Group reduced its stake in Applied Industrial Technologies by 13.8%, holding 119,988 shares valued at $31.32 million. Despite slight earnings growth and an increased dividend, insider selling by executives has raised concerns.

NodeGuardian

2026-02-14 07:33:33

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Principal Financial Group Inc. reduced its stake in Applied Industrial Technologies (NYSE: AIT) by 13.8% in Q3, holding 119,988 shares valued at $31.32 million. The company recently reported Q4 earnings that slightly beat expectations, with revenue up 8.4% year-over-year, and increased its quarterly dividend. Insider selling has also been noted, with key executives selling shares totaling over $8 million in the past 90 days.

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