Applied Industrial Technologies, Inc. $AIT Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Applied Industrial Technologies, Inc. (NYSE:AIT) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 687,161 shares of the industrial products company’s stock after acquiring an additional 1,889 shares during the period. Geode Capital Management LLC’s holdings in Applied Industrial Technologies were worth $176,479,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Torren Management LLC acquired a new position in shares of Applied Industrial Technologies in the fourth quarter worth about $25,000. Smartleaf Asset Management LLC raised its position in shares of Applied Industrial Technologies by 890.0% in the third quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 89 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Applied Industrial Technologies in the third quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Applied Industrial Technologies in the fourth quarter worth about $34,000. Finally, Allworth Financial LP raised its position in shares of Applied Industrial Technologies by 446.4% in the third quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Buying and Selling at Applied Industrial Technologies

In related news, VP Warren E. Hoffner III sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the completion of the transaction, the vice president owned 40,751 shares in the company, valued at $12,471,436.04. This represents a 16.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Applied Industrial Technologies Stock Up 1.6%

AIT opened at $313.32 on Thursday. Applied Industrial Technologies, Inc. has a twelve month low of $223.13 and a twelve month high of $317.10. The company has a quick ratio of 1.97, a current ratio of 2.95 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $293.70 and a 200 day moving average price of $276.57. The company has a market cap of $11.58 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 2.94 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly 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. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. 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. Sell-side analysts expect that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given 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 was Friday, May 15th. Applied Industrial Technologies’s dividend payout ratio is 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.