Applied Industrial Technologies (NYSE:AIT) Releases FY 2027 Earnings Guidance

Applied Industrial Technologies (NYSE:AIT) issued an update on its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 11.650-12.150 for the period, compared to the consensus EPS estimate of 11.820. The company issued revenue guidance of $5.2 billion-$5.3 billion, compared to the consensus revenue estimate of $5.2 billion. Applied Industrial Technologies also updated its Q1 2027 guidance to EPS.

Applied Industrial Technologies Trading Up 1.3%

Shares of AIT stock opened at $356.99 on Friday. Applied Industrial Technologies has a fifty-two week low of $238.34 and a fifty-two week high of $374.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95. The stock’s fifty day moving average is $336.11 and its two-hundred day moving average is $302.91. The firm has a market capitalization of $13.19 billion, a P/E ratio of 33.71, a PEG ratio of 3.04 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last released its earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.25. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $2.80 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. Research analysts expect that Applied Industrial Technologies will post 10.71 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 0.6%. Applied Industrial Technologies’s payout ratio is presently 19.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AIT. KeyCorp upped their price objective on shares of Applied Industrial Technologies from $350.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Oppenheimer raised their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. 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 target on Applied Industrial Technologies in a research report on Wednesday, April 29th. Finally, Mizuho increased their price target on Applied Industrial Technologies from $330.00 to $355.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $336.71.

Insider Activity

In other news, Director Madhuri A. Andrews sold 3,845 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the completion of the sale, the director owned 4,951 shares in the company, valued at $1,633,285.39. This trade represents a 43.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Key Applied Industrial Technologies News

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

• Positive Sentiment: Quarterly earnings and revenue beat forecasts: Fiscal Q4 EPS was $3.17, up from $2.80 a year earlier and above the $2.92 analyst consensus. Revenue rose approximately 10.4%–10.5% year over year to about $1.35 billion, exceeding the $1.29 billion estimate. Applied Industrial Technologies Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Solid operating performance: The company reported a 21.64% return on equity and an 8.34% net margin, supporting investor confidence that growth is translating into profitability. Management also increased its intermediate financial targets, signaling continued confidence in the company’s longer-term outlook. Applied Industrial Technologies Fiscal 2026 Results and Fiscal 2027 Guidance
• Positive Sentiment: Fiscal 2027 outlook supports the stock: AIT guided to EPS of $11.65–$12.15 and revenue of $5.2–$5.3 billion. The EPS midpoint is broadly consistent with the $11.82 consensus, while the revenue range is at or above the roughly $5.2 billion estimate, reducing concerns about a near-term slowdown. Applied Industrial Technologies Shares Rise as Q4 Results Beat Forecasts
• Neutral Sentiment: Analysts had expected $2.92 in quarterly EPS and $1.29 billion in revenue ahead of the release; those expectations were surpassed, making the earnings event a positive catalyst rather than a source of uncertainty. Wall Street Expectations Ahead of Q4 Earnings

Institutional Investors Weigh In On Applied Industrial Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new position in shares of Applied Industrial Technologies in the 4th quarter valued at $46,000. Smartleaf Asset Management LLC grew its holdings in shares of Applied Industrial Technologies by 78.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 78 shares during the period. Greenline Wealth Management LLC acquired a new stake in shares of Applied Industrial Technologies during the 4th quarter worth about $69,000. Johnson Financial Group Inc. acquired a new stake in shares of Applied Industrial Technologies during the 3rd quarter worth about $69,000. Finally, Parallel Advisors LLC raised its holdings in Applied Industrial Technologies by 39.5% in the 4th quarter. Parallel Advisors LLC now owns 272 shares of the industrial products company’s stock valued at $70,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

About Applied Industrial Technologies

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.