Fieldview Capital Management LLC Purchases Shares of 2,398 Applied Industrial Technologies, Inc. $AIT

Fieldview Capital Management LLC purchased a new stake in Applied Industrial Technologies, Inc. (NYSE:AIT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,398 shares of the industrial products company’s stock, valued at approximately $626,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Applied Industrial Technologies by 3.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,410 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 45 shares during the period. Farther Finance Advisors LLC increased its position in Applied Industrial Technologies by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 457 shares of the industrial products company’s stock worth $119,000 after buying an additional 53 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Applied Industrial Technologies by 11.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 516 shares of the industrial products company’s stock worth $135,000 after buying an additional 55 shares during the last quarter. Harfst & Associates Inc. boosted its position in shares of Applied Industrial Technologies by 0.6% in the third quarter. Harfst & Associates Inc. now owns 10,167 shares of the industrial products company’s stock valued at $2,654,000 after acquiring an additional 56 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of Applied Industrial Technologies by 4.5% in the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 58 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Applied Industrial Technologies Price Performance

Shares of AIT stock opened at $264.17 on Wednesday. The stock’s fifty day simple moving average is $275.40 and its 200 day simple moving average is $264.23. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $296.70. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 2.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.68 and a quick ratio of 2.56.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Applied Industrial Technologies had a return on equity of 21.74% and a net margin of 8.49%.The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $2.39 earnings per share. The business’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, analysts expect 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 declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.8%. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 13th. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 19.41%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, VP Warren E. Hoffner III sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $288.62, for a total value of $1,154,480.00. Following the transaction, the vice president directly owned 52,751 shares of the company’s stock, valued at $15,224,993.62. The trade was a 7.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jason W. Vasquez sold 5,447 shares of the stock in a transaction that occurred on 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 sale, the vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 28,654 shares of company stock valued at $8,212,829. 1.60% of the stock is currently owned by insiders.

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.