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flag Major investors cut stakes in AAON, an HVAC firm, despite its recent financial moves signaling confidence.

flag Institutional investors have reduced their holdings in AAON, Inc., an air conditioning and heating equipment company. flag Kennedy Capital Management LLC and Neuberger Berman Group LLC decreased their shares by 4.8% and 14.2%, respectively. flag AAON's market cap stands at $6.56 billion with a price-to-earnings ratio of 35.43. flag The company recently increased its quarterly dividend by 10.56% and launched a share repurchase program, indicating confidence in its valuations. flag AAON stock has a "Moderate Buy" rating and a target price of $115.50.

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