Applied Industrial Technologies (NYSE:AIT) VP Jason Vasquez Sells 5,447 Shares

Applied Industrial Technologies, Inc. (NYSE:AIT) VP Jason Vasquez sold 5,447 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $287.87, for a total transaction of $1,568,027.89. Following the completion of the sale, the vice president owned 14,491 shares of the company’s stock, valued at approximately $4,171,524.17. The trade was a 27.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Applied Industrial Technologies Trading Up 1.8%

Shares of AIT opened at $292.27 on Friday. The stock’s 50-day moving average price is $267.30 and its 200 day moving average price is $262.41. The company has a quick ratio of 2.56, a current ratio of 3.68 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.92 and a beta of 0.84. Applied Industrial Technologies, Inc. has a 12-month low of $199.96 and a 12-month high of $295.26.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Applied Industrial Technologies had a return on equity of 21.74% and a net margin of 8.49%.The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $2.39 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. As a group, research analysts predict that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current year.

Applied Industrial Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.51 per share. This is an increase from Applied Industrial Technologies’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, February 13th. Applied Industrial Technologies’s dividend payout ratio is presently 17.51%.

Hedge Funds Weigh In On Applied Industrial Technologies

Several institutional investors have recently added to or reduced their stakes in AIT. Torren Management LLC bought a new stake in Applied Industrial Technologies during the fourth quarter worth about $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Applied Industrial Technologies by 890.0% in the 3rd 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 in the last quarter. Root Financial Partners LLC bought a new stake in Applied Industrial Technologies during the 3rd quarter worth approximately $27,000. Abich Financial Wealth Management LLC bought a new stake in Applied Industrial Technologies during the 3rd quarter worth approximately $29,000. Finally, Hantz Financial Services Inc. increased its holdings in Applied Industrial Technologies by 2,033.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 122 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. KeyCorp reduced their price objective on shares of Applied Industrial Technologies from $310.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Finally, Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research note on Wednesday, October 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $290.63.

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.