Applied Industrial Technologies, Inc. $AIT Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in Applied Industrial Technologies, Inc. (NYSE:AIT) by 2,920.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,724 shares of the industrial products company’s stock after acquiring an additional 19,071 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Applied Industrial Technologies were worth $5,065,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AIT. Goldman Sachs Group Inc. boosted its holdings in Applied Industrial Technologies by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after buying an additional 14,926 shares during the last quarter. Empowered Funds LLC acquired a new stake in Applied Industrial Technologies in the 1st quarter worth about $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Applied Industrial Technologies by 12.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,348 shares of the industrial products company’s stock worth $22,162,000 after buying an additional 10,863 shares during the last quarter. Focus Partners Wealth boosted its holdings in Applied Industrial Technologies by 4.5% in the 1st quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after buying an additional 58 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in Applied Industrial Technologies in the 2nd quarter worth about $217,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Applied Industrial Technologies

In other news, VP Warren E. Hoffner III sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the transaction, the vice president directly owned 40,751 shares in the company, valued at $12,471,436.04. The trade was a 16.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Key Stories Impacting Applied Industrial Technologies

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.68 from $10.58, suggesting stronger expected earnings this year. Applied Industrial Technologies stock page
• Positive Sentiment: The firm also increased FY2027 EPS to $11.60 from $11.48 and FY2028 EPS to $12.67 from $12.62, reinforcing a bullish longer-term earnings trend. Applied Industrial Technologies stock page
• Positive Sentiment: Quarterly estimates for Q1 2027, Q3 2027, and Q3 2028 were all nudged higher, which may support investor confidence in AIT’s operating momentum. Applied Industrial Technologies stock page
• Neutral Sentiment: One outlier was a cut to the Q2 2028 EPS estimate to $2.87 from $3.00, but this was offset by increases in several other periods. Applied Industrial Technologies stock page
• Neutral Sentiment: Most of the revisions are small, so the stock’s move likely reflects modest analyst optimism rather than a major new catalyst. Applied Industrial Technologies stock page

Applied Industrial Technologies Trading Up 0.6%

Shares of Applied Industrial Technologies stock opened at $307.39 on Friday. The stock has a market cap of $11.36 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.93 and a beta of 0.86. The stock’s 50 day simple moving average is $285.68 and its 200-day simple moving average is $273.52. Applied Industrial Technologies, Inc. has a 1-year low of $218.48 and a 1-year high of $317.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.57 EPS. 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. Analysts predict 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. Stockholders of record on Friday, May 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, May 15th. Applied Industrial Technologies’s payout ratio is currently 19.26%.

Applied Industrial Technologies 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.