Fiera Capital Corp Has $42.93 Million Position in Applied Industrial Technologies, Inc. $AIT

Fiera Capital Corp cut its position in Applied Industrial Technologies, Inc. (NYSE:AIT) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,674 shares of the industrial products company’s stock after selling 344 shares during the quarter. Fiera Capital Corp’s holdings in Applied Industrial Technologies were worth $42,927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AIT. Alliancebernstein L.P. raised its holdings in Applied Industrial Technologies by 452.6% in the 1st quarter. Alliancebernstein L.P. now owns 436,565 shares of the industrial products company’s stock valued at $98,376,000 after buying an additional 357,568 shares during the last quarter. Nuveen LLC acquired a new position in Applied Industrial Technologies in the 1st quarter valued at approximately $67,365,000. Millennium Management LLC raised its stake in shares of Applied Industrial Technologies by 144.0% during the first quarter. Millennium Management LLC now owns 320,903 shares of the industrial products company’s stock valued at $72,312,000 after acquiring an additional 189,408 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Applied Industrial Technologies by 27.9% during the first quarter. Alyeska Investment Group L.P. now owns 602,798 shares of the industrial products company’s stock worth $135,835,000 after purchasing an additional 131,465 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of Applied Industrial Technologies by 522.2% in the first quarter. Voya Investment Management LLC now owns 143,696 shares of the industrial products company’s stock worth $32,380,000 after purchasing an additional 120,602 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AIT shares. Industrial Alliance Securities set a $290.00 target price on Applied Industrial Technologies in a research report on Friday, August 22nd. Bank of America increased their price target on Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Robert W. Baird lifted their price objective on Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Oppenheimer upped their target price on Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Finally, Mizuho set a $305.00 price target on shares of Applied Industrial Technologies in a report on Wednesday, October 29th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Applied Industrial Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $287.50.

Applied Industrial Technologies Trading Up 0.4%

NYSE AIT opened at $256.55 on Thursday. The stock has a market capitalization of $9.68 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.61 and a beta of 0.99. The business has a 50 day simple moving average of $258.03 and a 200 day simple moving average of $249.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.36. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $282.98.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.16. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.36 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. Research analysts expect that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current year.

Applied Industrial Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.84 annualized dividend and a yield of 0.7%. Applied Industrial Technologies’s dividend payout ratio is currently 17.71%.

Insiders Place Their Bets

In other Applied Industrial Technologies news, CEO Neil A. Schrimsher sold 26,671 shares of Applied Industrial Technologies stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $262.46, for a total value of $7,000,070.66. Following the completion of the sale, the chief executive officer directly owned 149,735 shares of the company’s stock, valued at approximately $39,299,448.10. The trade was a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jason W. Vasquez sold 7,466 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $260.08, for a total transaction of $1,941,757.28. Following the transaction, the vice president owned 14,491 shares in the company, valued at $3,768,819.28. This represents a 34.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 42,660 shares of company stock worth $11,217,980. 1.60% of the stock is currently owned by company insiders.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.