Applied Industrial Technologies, Inc. (NYSE:AIT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Applied Industrial Technologies, Inc. (NYSE:AIT) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $287.50.

AIT has been the topic of a number of recent research reports. Weiss Ratings restated 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 Applied Industrial Technologies in a research report on Wednesday, October 29th.

Applied Industrial Technologies Stock Up 2.8%

NYSE:AIT opened at $272.04 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.50. The company’s fifty day moving average price is $257.77 and its 200-day moving average price is $258.46. Applied Industrial Technologies has a 1-year low of $199.96 and a 1-year high of $280.95. The firm has a market capitalization of $10.26 billion, a P/E ratio of 26.18, a PEG ratio of 2.78 and a beta of 0.87.

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

Applied Industrial Technologies Dividend Announcement

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

Institutional Investors Weigh In On Applied Industrial Technologies

Several hedge funds have recently modified their holdings of AIT. Smartleaf Asset Management LLC raised its holdings in Applied Industrial Technologies by 890.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Applied Industrial Technologies in the third quarter valued at approximately $27,000. Abich Financial Wealth Management LLC acquired a new position in shares of Applied Industrial Technologies during the 3rd quarter worth approximately $29,000. Hantz Financial Services Inc. lifted its position in shares of Applied Industrial Technologies by 2,033.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock valued at $30,000 after buying an additional 122 shares in the last quarter. Finally, Maseco LLP purchased a new position in shares of Applied Industrial Technologies during the 2nd quarter valued at approximately $35,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

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.