Zacks Research Issues Optimistic Estimate for AIT Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Equities researchers at Zacks Research boosted their Q1 2027 earnings estimates for Applied Industrial Technologies in a research report issued to clients and investors on Monday, October 13th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.64 per share for the quarter, up from their previous estimate of $2.63. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q3 2027 earnings at $2.96 EPS.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.20. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.78%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company posted $2.64 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS.

AIT has been the topic of a number of other reports. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Wednesday, October 8th. Raymond James Financial cut Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, August 15th. Bank of America upped their price objective on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Robert W. Baird raised 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. 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. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Applied Industrial Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

Applied Industrial Technologies Price Performance

NYSE AIT opened at $247.62 on Wednesday. Applied Industrial Technologies has a 1 year low of $199.96 and a 1 year high of $282.98. The business’s fifty day moving average is $261.51 and its two-hundred day moving average is $245.02. The stock has a market capitalization of $9.35 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.36 and a current ratio of 3.32.

Institutional Trading of Applied Industrial Technologies

A number of institutional investors have recently added to or reduced their stakes in AIT. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Applied Industrial Technologies by 7.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,103 shares of the industrial products company’s stock valued at $699,000 after purchasing an additional 210 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Applied Industrial Technologies by 6.6% during the first quarter. Janney Montgomery Scott LLC now owns 5,248 shares of the industrial products company’s stock worth $1,183,000 after buying an additional 323 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Applied Industrial Technologies by 17.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,501 shares of the industrial products company’s stock valued at $338,000 after buying an additional 226 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Applied Industrial Technologies by 26.0% in the first quarter. Sequoia Financial Advisors LLC now owns 1,811 shares of the industrial products company’s stock worth $408,000 after buying an additional 374 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Applied Industrial Technologies by 11.3% during the 1st quarter. Spire Wealth Management now owns 2,583 shares of the industrial products company’s stock worth $582,000 after acquiring an additional 262 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Neil A. Schrimsher sold 26,671 shares of Applied Industrial Technologies stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $262.46, for a total transaction of $7,000,070.66. Following the completion of the sale, the chief executive officer owned 149,735 shares of the company’s stock, valued at approximately $39,299,448.10. This trade represents a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt W. Loring sold 8,523 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $267.06, for a total value of $2,276,152.38. Following the completion of the transaction, the vice president owned 19,273 shares in the company, valued at $5,147,047.38. This trade represents a 30.66% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,660 shares of company stock worth $11,217,980. Corporate insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Company 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.