O Shaughnessy Asset Management LLC Has $7.11 Million Stake in Applied Industrial Technologies, Inc. $AIT

O Shaughnessy Asset Management LLC decreased its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,695 shares of the industrial products company’s stock after selling 1,880 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Applied Industrial Technologies were worth $7,111,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Applied Industrial Technologies in the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC increased 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 valued at $26,000 after purchasing an additional 89 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Applied Industrial Technologies in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Applied Industrial Technologies in the 4th quarter valued at about $34,000. Finally, Allworth Financial LP increased its holdings in shares of Applied Industrial Technologies by 446.4% in the 3rd quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Buying and Selling

In related news, VP Warren E. Hoffner III sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total value of $2,448,320.00. Following the transaction, the vice president owned 40,751 shares in the company, valued at approximately $12,471,436.04. This represents a 16.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AIT. KeyCorp upped their target price on Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Robert W. Baird set a $317.00 target price on Applied Industrial Technologies in a report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Wall Street Zen downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Oppenheimer upped their target price on Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and an average target price of $313.67.

Applied Industrial Technologies Trading Down 2.5%

NYSE:AIT opened at $314.60 on Thursday. The stock’s 50 day moving average price is $299.16 and its 200 day moving average price is $279.13. Applied Industrial Technologies, Inc. has a 52 week low of $223.13 and a 52 week high of $326.41. The company has a market capitalization of $11.63 billion, a P/E ratio of 29.71, a P/E/G ratio of 3.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $2.57 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. On average, research analysts forecast that Applied Industrial Technologies, Inc. will post 10.7 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.51 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.04 dividend on an annualized basis and a yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio is currently 19.26%.

About Applied Industrial Technologies

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.