Applied Industrial Technologies, Inc. (NYSE:AIT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Applied Industrial Technologies, Inc. (NYSE:AIT) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $287.50.

Several brokerages have commented on AIT. Bank of America raised their price objective on Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Oppenheimer lifted their price target on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Industrial Alliance Securities set a $290.00 price objective on shares of Applied Industrial Technologies in a research note on Friday, August 22nd. Wall Street Zen raised shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Raymond James Financial cut Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, August 15th.

Hedge Funds Weigh In On Applied Industrial Technologies

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its position in Applied Industrial Technologies by 890.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 89 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Applied Industrial Technologies in the third quarter worth approximately $27,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Applied Industrial Technologies during the third quarter valued at approximately $29,000. Hantz Financial Services Inc. increased its position in shares of Applied Industrial Technologies by 2,033.3% during the second 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 in the last quarter. Finally, Rise Advisors LLC increased its position in shares of Applied Industrial Technologies by 111.1% during the first quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Stock Performance

Applied Industrial Technologies stock opened at $249.30 on Friday. Applied Industrial Technologies has a fifty-two week low of $199.96 and a fifty-two week high of $282.98. The stock’s 50 day simple moving average is $255.27 and its two-hundred day simple moving average is $250.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 3.55. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.61 and a beta of 0.99.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.16. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $2.36 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. As a group, analysts expect that Applied Industrial Technologies will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Announces Dividend

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 paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 14th. Applied Industrial Technologies’s dividend payout ratio is currently 17.71%.

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.