Regents Gate Capital LLP Makes New $11.39 Million Investment in Applied Industrial Technologies, Inc. $AIT

Regents Gate Capital LLP purchased a new position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 48,988 shares of the industrial products company’s stock, valued at approximately $11,387,000. Applied Industrial Technologies makes up about 4.0% of Regents Gate Capital LLP’s holdings, making the stock its 11th biggest position. Regents Gate Capital LLP owned about 0.13% of Applied Industrial Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank raised its position in shares of Applied Industrial Technologies by 4.6% during the 2nd quarter. Amalgamated Bank now owns 17,675 shares of the industrial products company’s stock worth $4,109,000 after buying an additional 780 shares in the last quarter. Spire Wealth Management raised its position in shares of Applied Industrial Technologies by 10.3% during the 2nd quarter. Spire Wealth Management now owns 2,850 shares of the industrial products company’s stock worth $662,000 after buying an additional 267 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Applied Industrial Technologies by 2,033.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 122 shares in the last quarter. New York Life Investment Management LLC bought a new stake in shares of Applied Industrial Technologies in the 2nd quarter worth approximately $925,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Applied Industrial Technologies in the 2nd quarter worth approximately $7,751,000. 93.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Kurt W. Loring sold 8,523 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $267.06, for a total transaction of $2,276,152.38. Following the sale, the vice president owned 19,273 shares in the company, valued at $5,147,047.38. The trade was a 30.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason W. Vasquez sold 7,466 shares of the business’s stock in a transaction that occurred on 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 sale, 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. Insiders have sold 42,660 shares of company stock worth $11,217,980 over the last 90 days. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on AIT. Industrial Alliance Securities set a $290.00 target price on shares of Applied Industrial Technologies in a report on Friday, August 22nd. Robert W. Baird boosted their target price on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Mizuho set a $305.00 target price on shares of Applied Industrial Technologies in a report on Wednesday. Oppenheimer boosted their target price on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Finally, Wall Street Zen upgraded shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.50.

Applied Industrial Technologies Stock Up 0.5%

AIT stock opened at $257.16 on Friday. Applied Industrial Technologies, Inc. has a 52-week low of $199.96 and a 52-week high of $282.98. The company’s 50 day simple moving average is $259.21 and its 200-day simple moving average is $248.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.36. The firm has a market capitalization of $9.70 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.61 and a beta of 0.96.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.16. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business earned $2.36 earnings per share. The firm’s 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. As a group, equities research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Applied Industrial Technologies Announces Dividend

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

About Applied Industrial Technologies

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.