Applied Industrial Technologies (NYSE:AIT) Shares Gap Down – Here’s What Happened

Applied Industrial Technologies, Inc. (NYSE:AIT) gapped down prior to trading on Tuesday . The stock had previously closed at $281.54, but opened at $268.33. Applied Industrial Technologies shares last traded at $261.6630, with a volume of 73,912 shares.

Key Applied Industrial Technologies News

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

• Positive Sentiment: Q2 earnings narrowly beat expectations — Applied reported $2.51 EPS, topping consensus by a small amount and showing year‑over‑year growth; revenue rose ~8.4% driven partly by acquisitions, supporting continued topline momentum. Applied Industrial Q2 results and call
• Positive Sentiment: Analyst commentary highlights an earnings‑beat streak and potential for analyst upward revisions, which could support future multiple expansion if momentum continues. Earnings Beat Streak and Analyst Revisions
• Neutral Sentiment: Company filed its press release and supporting slide deck with details on segment performance and acquisition contributions — useful for investors who want granularity on margin drivers and end‑market trends. Business Wire: Q2 Results
• Neutral Sentiment: Coverage on valuation and recent momentum notes mixed signals: solid fundamentals but shares have had varied short‑term price action, so near‑term performance may hinge on guidance/analyst revisions. Valuation & Momentum Analysis
• Negative Sentiment: FY2026 guidance came in a touch light versus consensus — EPS guided to $10.45–$10.75 (consensus ~$10.65) and revenue guided to about $4.8–$4.9B (consensus ~$4.9B). The slightly conservative midpoint/upper‑end revenue guide likely prompted investor concern and is the proximate cause of the share weakness today.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AIT. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Mizuho set a $305.00 price target on shares of Applied Industrial Technologies in a report on Wednesday, October 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $287.50.

Applied Industrial Technologies Price Performance

The firm has a fifty day moving average of $263.42 and a two-hundred day moving average of $261.55. The company has a current ratio of 3.55, a quick ratio of 2.50 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $9.74 billion, a PE ratio of 24.84, a PEG ratio of 2.86 and a beta of 0.87.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.02. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.During the same quarter last year, the firm earned $2.39 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. Research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AIT. First Trust Advisors LP raised its stake in Applied Industrial Technologies by 22.7% in the third quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock worth $243,577,000 after buying an additional 172,857 shares in the last quarter. Wellington Management Group LLP lifted its position in Applied Industrial Technologies by 24.7% during the third quarter. Wellington Management Group LLP now owns 769,441 shares of the industrial products company’s stock valued at $200,863,000 after buying an additional 152,197 shares during the period. Capital International Investors purchased a new stake in shares of Applied Industrial Technologies in the 3rd quarter worth about $200,456,000. Dimensional Fund Advisors LP boosted its stake in Applied Industrial Technologies by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 720,352 shares of the industrial products company’s stock worth $188,040,000 after acquiring an additional 10,408 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position in shares of Applied Industrial Technologies by 2.0% in the 2nd quarter. Boston Trust Walden Corp now owns 508,120 shares of the industrial products company’s stock worth $118,113,000 after purchasing an additional 10,015 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

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.