Dimensional Fund Advisors LP Has $188.04 Million Holdings in Applied Industrial Technologies, Inc. $AIT

Dimensional Fund Advisors LP raised its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 720,352 shares of the industrial products company’s stock after acquiring an additional 10,408 shares during the period. Dimensional Fund Advisors LP owned about 1.91% of Applied Industrial Technologies worth $188,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AIT. Wolverine Asset Management LLC bought a new stake in shares of Applied Industrial Technologies during the third quarter worth $1,044,000. Alps Advisors Inc. lifted its stake in shares of Applied Industrial Technologies by 33.0% in the 3rd quarter. Alps Advisors Inc. now owns 32,824 shares of the industrial products company’s stock valued at $8,569,000 after acquiring an additional 8,153 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Applied Industrial Technologies by 210.3% during the 3rd quarter. AlphaQuest LLC now owns 12,789 shares of the industrial products company’s stock valued at $3,339,000 after acquiring an additional 8,668 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of 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 in the last quarter. Finally, Citigroup Inc. grew its position in Applied Industrial Technologies by 44.4% during the 3rd quarter. Citigroup Inc. now owns 30,319 shares of the industrial products company’s stock worth $7,915,000 after acquiring an additional 9,321 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Insiders Place Their Bets

In other Applied Industrial Technologies news, VP Jason W. Vasquez sold 5,447 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were 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 in the company, valued at approximately $4,171,524.17. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Neil A. Schrimsher sold 19,207 shares of Applied Industrial Technologies stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $285.85, for a total transaction of $5,490,320.95. Following the completion of the sale, the chief executive officer directly owned 130,528 shares of the company’s stock, valued at approximately $37,311,428.80. This trade represents a 12.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 28,654 shares of company stock worth $8,212,829. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on AIT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Wall Street Zen raised Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, KeyCorp boosted their price target on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.38.

Applied Industrial Technologies Price Performance

Applied Industrial Technologies stock opened at $267.99 on Monday. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.56 and a beta of 0.80. Applied Industrial Technologies, Inc. has a 52-week low of $199.96 and a 52-week high of $296.70. The stock’s 50 day moving average price is $275.25 and its two-hundred day moving average price is $264.18. 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 announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. On average, equities analysts predict that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current year.

Applied Industrial Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.51 per share. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 13th. Applied Industrial Technologies’s payout ratio is currently 19.41%.

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.