Insider Selling: Applied Industrial Technologies (NYSE:AIT) VP Sells $1,568,027.89 in Stock

Applied Industrial Technologies, Inc. (NYSE:AIT) VP Jason Vasquez sold 5,447 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $287.87, for a total value of $1,568,027.89. Following the completion of the sale, the vice president directly owned 14,491 shares of the company’s stock, valued at approximately $4,171,524.17. This represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Applied Industrial Technologies Stock Performance

AIT stock opened at $292.27 on Monday. The firm has a 50 day simple moving average of $267.30 and a 200 day simple moving average of $262.36. Applied Industrial Technologies, Inc. has a 52 week low of $199.96 and a 52 week high of $295.26. The stock has a market cap of $10.90 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.97 and a beta of 0.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.68.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Applied Industrial Technologies had a net margin of 8.49% and a return on equity of 21.74%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. Research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.7%. This is an increase from Applied Industrial Technologies’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 13th. Applied Industrial Technologies’s dividend payout ratio is presently 17.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AIT shares. Mizuho set a $305.00 price target on Applied Industrial Technologies in a report on Wednesday, October 29th. Wall Street Zen cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Finally, KeyCorp cut their price target on shares of Applied Industrial Technologies from $310.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.63.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AIT. Wolverine Asset Management LLC bought a new stake in shares of Applied Industrial Technologies in the third quarter valued at approximately $1,044,000. Envestnet Asset Management Inc. grew its stake 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 valued at $17,151,000 after buying an additional 20,535 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Applied Industrial Technologies by 27.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,126 shares of the industrial products company’s stock valued at $12,041,000 after acquiring an additional 9,898 shares during the period. AlphaQuest LLC lifted its position in shares of Applied Industrial Technologies by 210.3% during the third quarter. AlphaQuest LLC now owns 12,789 shares of the industrial products company’s stock worth $3,339,000 after acquiring an additional 8,668 shares in the last quarter. Finally, Regents Gate Capital LLP bought a new position in shares of Applied Industrial Technologies in the second quarter worth $11,387,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

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.