Capital Fund Management S.A. Purchases New Position in Applied Industrial Technologies, Inc. $AIT

Capital Fund Management S.A. acquired a new stake in Applied Industrial Technologies, Inc. (NYSE:AIT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 13,210 shares of the industrial products company’s stock, valued at approximately $3,071,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alyeska Investment Group L.P. lifted its stake in shares of Applied Industrial Technologies by 27.9% in the 1st quarter. Alyeska Investment Group L.P. now owns 602,798 shares of the industrial products company’s stock valued at $135,835,000 after acquiring an additional 131,465 shares during the last quarter. Boston Trust Walden Corp increased its holdings in Applied Industrial Technologies by 2.0% in the 2nd quarter. Boston Trust Walden Corp now owns 508,120 shares of the industrial products company’s stock worth $118,113,000 after purchasing an additional 10,015 shares in the last quarter. Alliancebernstein L.P. raised its position in Applied Industrial Technologies by 452.6% in the first quarter. Alliancebernstein L.P. now owns 436,565 shares of the industrial products company’s stock valued at $98,376,000 after purchasing an additional 357,568 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Applied Industrial Technologies by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock valued at $85,897,000 after purchasing an additional 14,926 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Applied Industrial Technologies by 15.8% during the second quarter. Artisan Partners Limited Partnership now owns 322,822 shares of the industrial products company’s stock valued at $75,040,000 after purchasing an additional 43,982 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Price Performance

AIT stock opened at $257.45 on Wednesday. The stock has a market capitalization of $9.71 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.62 and a beta of 0.85. The company’s 50-day moving average is $254.36 and its 200-day moving average is $252.13. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $280.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.50.

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

Applied Industrial Technologies Announces Dividend

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

Analyst Ratings Changes

AIT has been the subject of a number of research reports. Mizuho set a $305.00 price objective on shares of Applied Industrial Technologies in a report on Wednesday, October 29th. Robert W. Baird raised their price target 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. Raymond James Financial cut shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, August 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Applied Industrial Technologies in a report on Monday. Finally, Bank of America lifted their target price on Applied Industrial Technologies from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.50.

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.