Applied Industrial Technologies (NYSE:AIT) Stock Unloaded Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Applied Industrial Technologies, Inc. (NYSE:AIT). In a filing disclosed on January 13th, the Senator disclosed that they had sold between $15,001 and $50,000 in Applied Industrial Technologies stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Stride (NYSE:LRN) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of MasTec (NYSE:MTZ) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/17/2025.

Applied Industrial Technologies Stock Performance

Applied Industrial Technologies stock opened at $277.53 on Thursday. The firm’s 50 day simple moving average is $259.01 and its 200 day simple moving average is $259.44. The company has a current ratio of 3.55, a quick ratio of 2.50 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $10.47 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.85 and a beta of 0.87. Applied Industrial Technologies, Inc. has a 1-year low of $199.96 and a 1-year high of $281.63.

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

Applied Industrial Technologies Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.84 annualized dividend and a yield of 0.7%. Applied Industrial Technologies’s payout ratio is currently 17.71%.

Institutional Trading of Applied Industrial Technologies

Several hedge funds have recently added to or reduced their stakes in the business. 111 Capital bought a new stake in Applied Industrial Technologies in the second quarter valued at $980,000. Envestnet Asset Management Inc. raised its holdings in Applied Industrial Technologies by 38.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,784 shares of the industrial products company’s stock worth $17,151,000 after purchasing an additional 20,535 shares in the last quarter. Regents Gate Capital LLP purchased a new stake in shares of Applied Industrial Technologies in the 2nd quarter worth about $11,387,000. TimesSquare Capital Management LLC boosted its stake in shares of Applied Industrial Technologies by 10.5% during the 2nd quarter. TimesSquare Capital Management LLC now owns 86,434 shares of the industrial products company’s stock valued at $20,092,000 after purchasing an additional 8,219 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of Applied Industrial Technologies during the 2nd quarter valued at about $3,071,000. 93.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AIT has been the subject of a number of research analyst reports. Mizuho set a $305.00 price target on Applied Industrial Technologies in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $287.50.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.