Jefferies Financial Group Inc. Purchases Shares of 4,012 Applied Industrial Technologies, Inc. $AIT

Jefferies Financial Group Inc. purchased a new position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,012 shares of the industrial products company’s stock, valued at approximately $933,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Applied Industrial Technologies by 2.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,453 shares of the industrial products company’s stock valued at $338,000 after buying an additional 41 shares in the last quarter. Ritholtz Wealth Management grew its position in Applied Industrial Technologies by 0.3% during the second quarter. Ritholtz Wealth Management now owns 15,526 shares of the industrial products company’s stock valued at $3,609,000 after acquiring an additional 53 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Applied Industrial Technologies by 9.9% during the second quarter. Contravisory Investment Management Inc. now owns 645 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 58 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Applied Industrial Technologies by 4.5% in the 1st quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after acquiring an additional 58 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Applied Industrial Technologies by 3.7% in the 1st quarter. Jump Financial LLC now owns 1,895 shares of the industrial products company’s stock worth $427,000 after acquiring an additional 68 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Applied Industrial Technologies Stock Performance

Applied Industrial Technologies stock opened at $257.23 on Thursday. The company has a current ratio of 3.55, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of $9.70 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.61 and a beta of 0.99. Applied Industrial Technologies, Inc. has a 1-year low of $199.96 and a 1-year high of $282.98. The firm has a 50-day moving average of $254.82 and a 200-day moving average of $251.30.

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

Applied Industrial Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.7%. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 17.71%.

Analysts Set New Price Targets

Several equities analysts recently commented on AIT shares. Robert W. Baird increased their target price on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Industrial Alliance Securities set a $290.00 price objective on Applied Industrial Technologies in a research note on Friday, August 22nd. Mizuho set a $305.00 target price on Applied Industrial Technologies in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Applied Industrial Technologies in a report on Tuesday. Finally, Bank of America lifted their price target on Applied Industrial Technologies from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.50.

Applied Industrial Technologies 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.