Applied Industrial Technologies, Inc. $AIT Shares Sold by F m Investments LLC

F m Investments LLC decreased its stake in Applied Industrial Technologies, Inc. (NYSE:AIT) by 10.8% in the 4th quarter, Holdings Channel reports. The firm owned 42,724 shares of the industrial products company’s stock after selling 5,165 shares during the quarter. F m Investments LLC’s holdings in Applied Industrial Technologies were worth $10,970,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new position in Applied Industrial Technologies during the 3rd quarter valued at about $1,044,000. Alps Advisors Inc. increased its holdings in Applied Industrial Technologies by 33.0% during the 3rd quarter. Alps Advisors Inc. now owns 32,824 shares of the industrial products company’s stock valued at $8,569,000 after acquiring an additional 8,153 shares in the last quarter. First Trust Advisors LP increased its holdings in 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 acquiring an additional 172,857 shares in the last quarter. Citigroup Inc. increased its holdings in Applied Industrial Technologies by 44.4% during the 3rd quarter. Citigroup Inc. now owns 30,319 shares of the industrial products company’s stock valued at $7,915,000 after acquiring an additional 9,321 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Applied Industrial Technologies by 27.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,126 shares of the industrial products company’s stock valued at $12,041,000 after acquiring an additional 9,898 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AIT has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Wall Street Zen downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer lifted their price target 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. Robert W. Baird set a $317.00 price target on shares of Applied Industrial Technologies in a report on Wednesday, April 29th. Finally, KeyCorp lifted their price target 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $313.67.

Applied Industrial Technologies Price Performance

Applied Industrial Technologies stock opened at $308.83 on Friday. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 2.96 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, Inc. has a 1 year low of $218.48 and a 1 year high of $317.10. The firm has a 50 day moving average price of $278.46 and a 200 day moving average price of $269.64.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations 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 was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.57 earnings per share. 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 predict that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current year.

Applied Industrial Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. Applied Industrial Technologies’s payout ratio is 19.26%.

Insiders Place Their Bets

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of Applied Industrial Technologies stock in a transaction that occurred on 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 transaction, the vice president directly owned 40,751 shares of the company’s stock, valued at $12,471,436.04. The trade was a 16.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.