10,425 Shares in Applied Industrial Technologies, Inc. $AIT Bought by Capital International Inc. CA

Capital International Inc. CA acquired a new position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,425 shares of the industrial products company’s stock, valued at approximately $2,721,000.

A number of other large investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in shares of Applied Industrial Technologies by 890.0% in the third quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. Root Financial Partners LLC acquired a new position in shares of Applied Industrial Technologies in the third quarter valued at about $27,000. Abich Financial Wealth Management LLC acquired a new position in shares of Applied Industrial Technologies during the 3rd quarter worth approximately $29,000. First Horizon Corp acquired a new stake in Applied Industrial Technologies during the third quarter worth approximately $47,000. Finally, Hantz Financial Services Inc. increased its position in shares of Applied Industrial Technologies by 137.5% in the third quarter. Hantz Financial Services Inc. now owns 304 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 176 shares during the period. Institutional investors own 93.52% of the company’s stock.

Insider Activity at Applied Industrial Technologies

In related news, CEO Neil A. Schrimsher sold 19,207 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $285.85, for a total value of $5,490,320.95. Following the transaction, the chief executive officer 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason W. Vasquez sold 5,447 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president owned 14,491 shares in the company, valued at $4,171,524.17. This represents a 27.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 28,654 shares of company stock valued at $8,212,829. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Applied Industrial Technologies Price Performance

Shares of NYSE AIT opened at $270.01 on Thursday. The firm has a market capitalization of $10.07 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.53 and a beta of 0.81. The firm’s 50-day moving average price is $275.66 and its 200-day moving average price is $264.27. The company has a current ratio of 3.68, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. Applied Industrial Technologies, Inc. has a 1-year low of $199.96 and a 1-year high of $296.70.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Tuesday, January 27th. The industrial products company reported $2.51 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.17 billion. During the same period last year, the business posted $2.39 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, February 13th. This is a positive change from Applied Industrial Technologies’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 0.8%. Applied Industrial Technologies’s dividend payout ratio is currently 19.41%.

Applied Industrial Technologies 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.