Zacks Research Issues Positive Forecast for AIT Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Research analysts at Zacks Research increased their Q1 2027 EPS estimates for Applied Industrial Technologies in a report released on Tuesday, January 6th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.75 per share for the quarter, up from their previous estimate of $2.71. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q3 2027 earnings at $2.92 EPS, Q4 2027 earnings at $3.16 EPS, FY2027 earnings at $11.50 EPS and Q2 2028 earnings at $2.99 EPS.

Applied Industrial Technologies (NYSE:AIT) last released its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.16. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $2.36 EPS. The company’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.

Several other research analysts also recently weighed in on AIT. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Mizuho set a $305.00 price objective on shares of Applied Industrial Technologies in a report on Wednesday, October 29th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Applied Industrial Technologies has a consensus rating of “Moderate Buy” and an average target price of $287.50.

Applied Industrial Technologies Stock Performance

NYSE:AIT opened at $264.37 on Thursday. The company has a market capitalization of $9.97 billion, a P/E ratio of 25.44, a P/E/G ratio of 2.66 and a beta of 0.87. The business has a fifty day simple moving average of $257.47 and a two-hundred day simple moving average of $258.02. 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 has a 1 year low of $199.96 and a 1 year high of $280.95.

Hedge Funds Weigh In On Applied Industrial Technologies

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Applied Industrial Technologies by 2.9% in the second quarter. GAMMA Investing LLC now owns 1,453 shares of the industrial products company’s stock worth $338,000 after buying an additional 41 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Applied Industrial Technologies by 3.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,410 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 45 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Applied Industrial Technologies by 7.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company’s stock valued at $170,000 after acquiring an additional 45 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Applied Industrial Technologies by 1.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,631 shares of the industrial products company’s stock valued at $1,209,000 after acquiring an additional 51 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Applied Industrial Technologies by 0.3% during the 2nd quarter. Ritholtz Wealth Management now owns 15,526 shares of the industrial products company’s stock valued at $3,609,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued 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 was Friday, November 14th. Applied Industrial Technologies’s dividend payout ratio is presently 17.71%.

About Applied Industrial Technologies

Applied Industrial Technologies, listed on the New York Stock Exchange under the symbol AIT, is a leading distributor of industrial products and services. The company offers a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions. Through its network of distribution centers and branch locations, Applied Industrial Technologies serves diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.