Applied Industrial Technologies, Inc. $AIT Shares Sold by Aviva PLC

Aviva PLC trimmed its holdings in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 21.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,050 shares of the industrial products company’s stock after selling 550 shares during the quarter. Aviva PLC’s holdings in Applied Industrial Technologies were worth $477,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its stake in shares of Applied Industrial Technologies by 2,033.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 122 shares during the period. Rise Advisors LLC increased its holdings in Applied Industrial Technologies by 111.1% in the 1st quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. Maseco LLP purchased a new stake in Applied Industrial Technologies in the second quarter valued at approximately $35,000. SVB Wealth LLC acquired a new position in Applied Industrial Technologies during the first quarter worth $48,000. Finally, Harbor Investment Advisory LLC lifted its stake in Applied Industrial Technologies by 100.6% during the second quarter. Harbor Investment Advisory LLC now owns 321 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AIT shares. Wall Street Zen upgraded Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Wednesday, October 8th. Robert W. Baird raised their price objective on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Mizuho set a $305.00 price objective on shares of Applied Industrial Technologies in a report on Wednesday, October 29th. Finally, Raymond James Financial lowered shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 15th. Six equities 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $287.50.

Insider Activity at Applied Industrial Technologies

In related news, VP Kurt W. Loring sold 8,523 shares of Applied Industrial Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $267.06, for a total transaction of $2,276,152.38. Following the sale, the vice president directly owned 19,273 shares in the company, valued at $5,147,047.38. This trade represents a 30.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jason W. Vasquez sold 7,466 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $260.08, for a total transaction of $1,941,757.28. Following the completion of the sale, the vice president directly owned 14,491 shares of the company’s stock, valued at approximately $3,768,819.28. This trade represents a 34.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,660 shares of company stock valued at $11,217,980 in the last ninety days. Insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Stock Down 2.1%

Applied Industrial Technologies stock opened at $250.97 on Friday. The stock’s fifty day moving average is $257.69 and its two-hundred day moving average is $249.93. The stock has a market cap of $9.47 billion, a PE ratio of 24.15, a P/E/G ratio of 2.61 and a beta of 0.99. Applied Industrial Technologies, Inc. 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 0.30, a current ratio of 3.55 and a quick ratio of 2.36.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.16. The business had revenue of $1.20 billion for 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 business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. On average, sell-side analysts expect that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

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

Applied Industrial Technologies 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.