Natixis Advisors LLC Decreases Position in Applied Industrial Technologies, Inc. $AIT

Natixis Advisors LLC lowered its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 28.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,771 shares of the industrial products company’s stock after selling 4,769 shares during the period. Natixis Advisors LLC’s holdings in Applied Industrial Technologies were worth $3,022,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Torren Management LLC purchased a new stake in shares of Applied Industrial Technologies during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC increased its stake in shares of Applied Industrial Technologies by 890.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Applied Industrial Technologies during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Applied Industrial Technologies during the 4th quarter worth approximately $34,000. Finally, Allworth Financial LP increased its stake in shares of Applied Industrial Technologies by 446.4% during the 3rd quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Stock Up 2.7%

AIT opened at $322.91 on Wednesday. The company has a 50 day moving average of $298.02 and a 200 day moving average of $278.62. The company has a market cap of $11.93 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 3.00 and a beta of 0.84. Applied Industrial Technologies, Inc. has a 12 month low of $223.13 and a 12 month high of $324.34. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. Applied Industrial Technologies’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $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. On average, sell-side analysts expect that Applied Industrial Technologies, Inc. will post 10.7 EPS for the current year.

Applied Industrial Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 15th. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 19.26%.

Insider Buying and Selling

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of the firm’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 of the company’s stock, valued at $12,471,436.04. This trade represents a 16.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AIT. Wall Street Zen downgraded shares of 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 shares of Applied Industrial Technologies in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. KeyCorp raised their price objective on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, Oppenheimer raised their price objective on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a 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’s stock. Based on data from MarketBeat, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and an average price target of $313.67.

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.