Applied Industrial Technologies, Inc. $AIT Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,075 shares of the industrial products company’s stock after selling 107 shares during the quarter. Blair William & Co. IL’s holdings in Applied Industrial Technologies were worth $250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIT. Rise Advisors LLC increased its position in Applied Industrial Technologies by 111.1% during the 1st quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares in the last quarter. Maseco LLP purchased a new position in Applied Industrial Technologies in the 2nd quarter worth approximately $35,000. Wayfinding Financial LLC purchased a new position in Applied Industrial Technologies in the 1st quarter worth approximately $38,000. First Horizon Advisors Inc. boosted its holdings in Applied Industrial Technologies by 31.1% in the 1st quarter. First Horizon Advisors Inc. now owns 215 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 51 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of Applied Industrial Technologies during the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insiders Place Their Bets

In other Applied Industrial Technologies news, VP Kurt W. Loring sold 8,523 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $267.06, for a total value of $2,276,152.38. Following the sale, the vice president directly owned 19,273 shares of the company’s stock, valued at $5,147,047.38. This trade represents a 30.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Neil A. Schrimsher sold 26,671 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $262.46, for a total value of $7,000,070.66. Following the completion of the sale, the chief executive officer directly owned 149,735 shares in the company, valued at $39,299,448.10. This represents a 15.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,660 shares of company stock valued at $11,217,980 over the last three months. Company insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Stock Performance

Shares of AIT opened at $247.91 on Friday. The business’s fifty day moving average price is $260.83 and its 200 day moving average price is $245.33. Applied Industrial Technologies, Inc. has a 12-month low of $199.96 and a 12-month high of $282.98. The stock has a market capitalization of $9.36 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 2.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.32 and a quick ratio of 2.36.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Thursday, August 14th. The industrial products company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.20. Applied Industrial Technologies had a return on equity of 21.78% and a net margin of 8.61%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $2.64 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS. Equities research analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AIT. Bank of America increased their target price on Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Oppenheimer increased their target price on Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Raymond James Financial cut Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $290.00 target price on Applied Industrial Technologies in a research note on Friday, August 22nd. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

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.