Applied Industrial Technologies, Inc. (NYSE:AIT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Applied Industrial Technologies, Inc. (NYSE:AIT) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $285.00.

A number of brokerages have issued reports on AIT. Industrial Alliance Securities set a $290.00 price objective on Applied Industrial Technologies in a research report on Friday, August 22nd. Wall Street Zen upgraded Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Raymond James Financial downgraded Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 15th. Robert W. Baird increased their price target on Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Wednesday, October 8th.

Applied Industrial Technologies Trading Up 0.0%

Shares of AIT stock opened at $260.30 on Tuesday. Applied Industrial Technologies has a 1 year low of $199.96 and a 1 year high of $282.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.32 and a quick ratio of 2.36. The stock’s 50 day simple moving average is $259.70 and its two-hundred day simple moving average is $247.27. The company has a market cap of $9.83 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business posted $2.64 earnings per share. The company’s quarterly 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. Research analysts predict that Applied Industrial Technologies will post 9.9 earnings per share for the current year.

Insider Transactions at Applied Industrial Technologies

In other news, CEO Neil A. Schrimsher sold 26,671 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 149,735 shares in the company, valued at approximately $39,299,448.10. This represents a 15.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jason W. Vasquez sold 7,466 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $260.08, for a total value of $1,941,757.28. Following the transaction, the vice president owned 14,491 shares in the company, valued at $3,768,819.28. The trade was a 34.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,660 shares of company stock worth $11,217,980. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AIT. Cambridge Investment Research Advisors Inc. boosted its position in 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 acquiring an additional 210 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Applied Industrial Technologies by 17.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,501 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 226 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Applied Industrial Technologies by 26.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,811 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 374 shares in the last quarter. GAMMA Investing LLC boosted its position in Applied Industrial Technologies by 51.3% during the 1st quarter. GAMMA Investing LLC now owns 1,412 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 479 shares in the last quarter. Finally, 111 Capital bought a new stake in Applied Industrial Technologies during the 2nd quarter valued at $980,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.