Robeco Schweiz AG Sells 37,674 Shares of Applied Industrial Technologies, Inc. $AIT

Robeco Schweiz AG reduced its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 20.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,702 shares of the industrial products company’s stock after selling 37,674 shares during the period. Robeco Schweiz AG’s holdings in Applied Industrial Technologies were worth $38,439,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AIT. Capital International Investors purchased a new position in shares of Applied Industrial Technologies during the 3rd quarter valued at $200,456,000. M&T Bank Corp grew its position in shares of Applied Industrial Technologies by 33,181.4% during the 4th quarter. M&T Bank Corp now owns 300,864 shares of the industrial products company’s stock valued at $81,322,000 after purchasing an additional 299,960 shares in the last quarter. First Trust Advisors LP grew its position in shares of Applied Industrial Technologies by 22.7% during the 3rd quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock valued at $243,577,000 after purchasing an additional 172,857 shares in the last quarter. Royal London Asset Management Ltd. grew its position in shares of Applied Industrial Technologies by 69.2% during the 2nd quarter. Royal London Asset Management Ltd. now owns 393,743 shares of the industrial products company’s stock valued at $91,526,000 after purchasing an additional 161,048 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Applied Industrial Technologies by 24.7% during the 3rd quarter. Wellington Management Group LLP now owns 769,441 shares of the industrial products company’s stock valued at $200,863,000 after purchasing an additional 152,197 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Applied Industrial Technologies

In related news, VP Warren E. Hoffner III sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total value of $2,448,320.00. Following the completion of the transaction, the vice president directly owned 40,751 shares in the company, valued at approximately $12,471,436.04. The trade was a 16.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

AIT has been the subject of a number of recent analyst reports. Robert W. Baird set a $317.00 price target on shares of Applied Industrial Technologies in a research report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Friday, April 24th. KeyCorp boosted their price target on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Oppenheimer boosted their price target on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $313.67.

Applied Industrial Technologies Stock Up 3.5%

Shares of NYSE:AIT opened at $316.17 on Thursday. Applied Industrial Technologies, Inc. has a 52-week low of $213.78 and a 52-week high of $316.46. The firm has a fifty day moving average of $277.89 and a 200 day moving average of $269.20. The firm has a market capitalization of $11.69 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 2.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.02. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business earned $2.57 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. As a group, research analysts anticipate that Applied Industrial Technologies, Inc. will post 10.7 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.51 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.04 annualized dividend and a yield of 0.6%. Applied Industrial Technologies’s payout ratio is 19.26%.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, listed on the New York Stock Exchange under the symbol AIT, is a leading distributor of industrial products and services. The company offers a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions. Through its network of distribution centers and branch locations, Applied Industrial Technologies serves diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.