DA Davidson Issues Positive Forecast for Applied Industrial Technologies (NYSE:AIT) Stock Price

Applied Industrial Technologies (NYSE:AIT) had its target price hoisted by DA Davidson from $380.00 to $400.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. DA Davidson’s target price would suggest a potential upside of 10.72% from the stock’s current price.

A number of other research firms have also issued reports on AIT. Robert W. Baird increased their price target on shares of Applied Industrial Technologies from $317.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Tuesday, July 21st. Mizuho upped their price objective on shares of Applied Industrial Technologies from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday. Oppenheimer increased 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 report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.29.

Applied Industrial Technologies Stock Up 1.0%

NYSE:AIT opened at $361.27 on Friday. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 3.04 and a beta of 0.84. Applied Industrial Technologies has a 1-year low of $238.34 and a 1-year high of $374.80. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $336.11 and its 200 day moving average price is $302.91.

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

Insider Buying and Selling at Applied Industrial Technologies

In related news, Director Madhuri A. Andrews sold 3,845 shares of Applied Industrial Technologies stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total value of $1,268,427.05. Following the completion of the sale, the director owned 4,951 shares of the company’s stock, valued at approximately $1,633,285.39. The trade was a 43.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Applied Industrial Technologies

Several hedge funds have recently bought and sold shares of the business. Torren Management LLC bought a new position in Applied Industrial Technologies during the fourth quarter valued at about $25,000. Anchor Investment Management LLC acquired a new position in shares of Applied Industrial Technologies during the 4th quarter valued at about $32,000. Global Retirement Partners LLC bought a new position in shares of Applied Industrial Technologies in the 2nd quarter valued at approximately $37,000. Kilter Group LLC acquired a new stake in Applied Industrial Technologies in the 2nd quarter worth approximately $40,000. Finally, Smartleaf Asset Management LLC boosted its position in Applied Industrial Technologies by 78.8% during the fourth 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. 93.52% of the stock is owned by institutional investors and hedge funds.

More Applied Industrial Technologies News

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

• Positive Sentiment: Quarterly earnings and revenue beat estimates: Fiscal Q4 EPS was $3.17, ahead of the $2.92 consensus and up from $2.80 a year earlier. Sales increased approximately 10.4% year over year to about $1.4 billion, exceeding expectations of roughly $1.29 billion. The strong results help explain the stock’s increase. Applied Industrial Technologies Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Analysts raised their targets and ratings: Mizuho increased its target from $355 to $400 and assigned an “outperform” rating. Robert W. Baird also raised its target from $317 to $400 and maintained an “outperform” view, signaling increased confidence in AIT’s earnings outlook. Mizuho Raises Applied Industrial Technologies Price Target
• Positive Sentiment: Fiscal 2027 outlook supports continued growth: AIT projected EPS of $11.65 to $12.15, with a midpoint above the $11.82 analyst consensus, and revenue of $5.2 billion to $5.3 billion. The company also increased its intermediate financial targets. Applied Industrial Technologies Fiscal 2026 Results and Fiscal 2027 Guidance
• Neutral Sentiment: Valuation remains a consideration: AIT trades near its 52-week high with a price-to-earnings ratio above 33, meaning investors may already be pricing in part of the expected earnings growth. Further gains could depend on the company delivering on its fiscal 2027 guidance.

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.