Applied Industrial Technologies, Inc. $AIT Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,685 shares of the industrial products company’s stock after selling 3,989 shares during the period. Fiera Capital Corp owned 0.48% of Applied Industrial Technologies worth $47,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of AIT. Goldman Sachs Group Inc. increased its stake in shares of Applied Industrial Technologies by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after purchasing an additional 14,926 shares in the last quarter. Empowered Funds LLC acquired a new stake in Applied Industrial Technologies during the 1st quarter valued at $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Applied Industrial Technologies by 12.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,348 shares of the industrial products company’s stock worth $22,162,000 after buying an additional 10,863 shares in the last quarter. Focus Partners Wealth increased its position in Applied Industrial Technologies by 4.5% during the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after buying an additional 58 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Applied Industrial Technologies in the second quarter worth $508,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Insider Activity at Applied Industrial Technologies

In other news, VP Jason W. Vasquez sold 5,447 shares of Applied Industrial Technologies 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 transaction, the vice president directly owned 14,491 shares of the company’s stock, valued at $4,171,524.17. The trade was a 27.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Neil A. Schrimsher sold 19,207 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $285.85, for a total value of $5,490,320.95. Following the sale, the chief executive officer owned 130,528 shares of the company’s stock, valued at $37,311,428.80. The trade was a 12.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 28,654 shares of company stock worth $8,212,829. 1.60% of the stock is owned by insiders.

Applied Industrial Technologies Stock Up 0.7%

AIT opened at $281.20 on Friday. Applied Industrial Technologies, Inc. has a 12 month low of $199.96 and a 12 month high of $296.70. The business has a 50-day moving average of $271.34 and a two-hundred day moving average of $263.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.68 and a quick ratio of 2.56. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.68 and a beta of 0.84.

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

Applied Industrial Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.51 dividend. This is an increase from Applied Industrial Technologies’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.04 annualized dividend and a dividend yield of 0.7%. Applied Industrial Technologies’s dividend payout ratio is 19.41%.

Wall Street Analysts Forecast Growth

AIT has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. KeyCorp decreased 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 research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Mizuho set a $305.00 price objective on shares of Applied Industrial Technologies in a research note on Wednesday, October 29th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $290.63.

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.