Zacks Research Issues Optimistic Outlook for AIT Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Equities research analysts at Zacks Research increased their Q1 2028 EPS estimates for shares of Applied Industrial Technologies in a report released on Tuesday, January 6th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $3.03 per share for the quarter, up from their previous estimate of $3.02. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share.

AIT has been the subject of a number of other reports. Mizuho set a $305.00 price target on shares of Applied Industrial Technologies in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $287.50.

Applied Industrial Technologies Stock Up 2.8%

Shares of NYSE:AIT opened at $272.04 on Friday. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.70 and a beta of 0.87. Applied Industrial Technologies has a 12-month low of $199.96 and a 12-month high of $280.95. The business has a 50-day moving average price of $257.77 and a 200 day moving average price of $258.30. The company has a current ratio of 3.55, a quick ratio of 2.50 and a debt-to-equity ratio of 0.30.

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, 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 company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $2.36 earnings per share. The firm’s revenue for the quarter 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.

Institutional Trading of Applied Industrial Technologies

A number of large investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in Applied Industrial Technologies by 22.7% in the third quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock valued at $243,577,000 after purchasing an additional 172,857 shares during the period. Wellington Management Group LLP boosted its stake in shares of Applied Industrial Technologies by 24.7% in the 3rd quarter. Wellington Management Group LLP now owns 769,441 shares of the industrial products company’s stock valued at $200,863,000 after buying an additional 152,197 shares during the period. Capital International Investors purchased a new position in shares of Applied Industrial Technologies in the 3rd quarter valued at about $200,456,000. Dimensional Fund Advisors LP increased its stake in shares of Applied Industrial Technologies by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 720,352 shares of the industrial products company’s stock worth $188,040,000 after buying an additional 10,408 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in Applied Industrial Technologies by 2.0% in the second quarter. Boston Trust Walden Corp now owns 508,120 shares of the industrial products company’s stock valued at $118,113,000 after acquiring an additional 10,015 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a 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%.

Applied Industrial Technologies Company Profile

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.