Research Analysts Set Expectations for AIT Q1 Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Equities researchers at Zacks Research decreased their Q1 2028 earnings per share (EPS) estimates for Applied Industrial Technologies in a research note issued to investors on Tuesday, December 2nd. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $3.02 per share for the quarter, down from their previous forecast of $3.03. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings data 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 business had revenue of $1.20 billion during 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 for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company earned $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS.

Other research analysts have also issued reports about the stock. Mizuho set a $305.00 price objective on shares of Applied Industrial Technologies in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Industrial Technologies in a research note on Monday. Bank of America upped their price target on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Raymond James Financial downgraded shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, August 15th. Finally, Robert W. Baird upped their target price on Applied Industrial Technologies from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and an average target price of $287.50.

Applied Industrial Technologies Stock Performance

NYSE:AIT opened at $258.91 on Friday. The stock’s fifty day moving average is $254.38 and its 200 day moving average is $252.24. Applied Industrial Technologies has a fifty-two week low of $199.96 and a fifty-two week high of $280.95. The firm has a market capitalization of $9.77 billion, a PE ratio of 24.92, a PEG ratio of 2.67 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.50 and a current ratio of 3.55.

Applied Industrial Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, November 14th. Applied Industrial Technologies’s dividend payout ratio is presently 17.71%.

Institutional Investors Weigh In On Applied Industrial Technologies

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Applied Industrial Technologies by 2.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,453 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 41 shares during the period. Jones Financial Companies Lllp raised its stake in Applied Industrial Technologies by 3.3% in the third quarter. Jones Financial Companies Lllp now owns 1,410 shares of the industrial products company’s stock worth $369,000 after buying an additional 45 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Applied Industrial Technologies by 7.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company’s stock worth $170,000 after buying an additional 45 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Applied Industrial Technologies by 1.1% during the third quarter. Quadrant Capital Group LLC now owns 4,631 shares of the industrial products company’s stock worth $1,209,000 after buying an additional 51 shares during the period. Finally, Ritholtz Wealth Management boosted its position in Applied Industrial Technologies by 0.3% during the 2nd 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 in the last quarter. Institutional investors own 93.52% of the company’s stock.

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.