Zacks Research Analysts Increase Earnings Estimates for AIT

Applied Industrial Technologies, Inc. (NYSE:AIT) – Stock analysts at Zacks Research raised their Q2 2028 earnings per share (EPS) estimates for Applied Industrial Technologies in a research report issued to clients and investors on Tuesday, July 14th. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $2.88 for the quarter, up from their previous forecast of $2.87. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $10.71 per share.

AIT has been the topic of a number of other research reports. KeyCorp increased their target price on Applied Industrial Technologies from $350.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday. DA Davidson began coverage on shares of Applied Industrial Technologies in a report on Tuesday, June 16th. They issued a “buy” rating and a $380.00 price target for the company. Robert W. Baird set a $317.00 price objective on shares of Applied Industrial Technologies in a report on Wednesday, April 29th. Oppenheimer lifted their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Applied Industrial Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $329.57.

Applied Industrial Technologies Stock Up 0.1%

Shares of AIT opened at $327.75 on Thursday. The firm has a market cap of $12.11 billion, a P/E ratio of 30.95, a PEG ratio of 2.83 and a beta of 0.83. Applied Industrial Technologies has a 12 month low of $238.34 and a 12 month high of $345.48. The stock’s 50 day moving average is $319.80 and its two-hundred day moving average is $291.54. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19.

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 the consensus estimate of $2.63 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 EPS. 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.

Institutional Trading of Applied Industrial Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AIT. Torren Management LLC acquired a new position in shares of Applied Industrial Technologies during the 4th quarter valued at about $25,000. Anchor Investment Management LLC purchased a new stake in shares of Applied Industrial Technologies in the fourth quarter valued at about $32,000. V Square Quantitative Management LLC acquired a new stake in Applied Industrial Technologies during the fourth quarter worth about $34,000. Allworth Financial LP increased its position in Applied Industrial Technologies by 446.4% during the third quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 125 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Applied Industrial Technologies by 78.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 78 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Applied Industrial Technologies

In other news, VP Warren E. Hoffner III sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the transaction, the vice president directly owned 40,751 shares in the company, valued at $12,471,436.04. The trade was a 16.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Madhuri A. Andrews sold 3,845 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total value of $1,268,427.05. Following the completion of the sale, the director owned 4,951 shares of the company’s stock, valued at $1,633,285.39. This trade represents a 43.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Applied Industrial Technologies’s dividend payout ratio (DPR) is 19.26%.

Applied Industrial Technologies Company Profile

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.