Applied Industrial Technologies, Inc. $AIT Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 91.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,244 shares of the industrial products company’s stock after buying an additional 47,868 shares during the period. Barclays PLC owned approximately 0.27% of Applied Industrial Technologies worth $26,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in Applied Industrial Technologies by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock valued at $85,897,000 after purchasing an additional 14,926 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Applied Industrial Technologies during the first quarter worth about $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Applied Industrial Technologies by 12.4% during the 1st 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 valued at $22,162,000 after buying an additional 10,863 shares during the period. Focus Partners Wealth raised its holdings in shares of Applied Industrial Technologies by 4.5% during the 1st quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock valued at $302,000 after buying an additional 58 shares during the period. Finally, Wedbush Securities Inc. lifted its position in Applied Industrial Technologies by 77.1% during the 2nd quarter. Wedbush Securities Inc. now owns 2,384 shares of the industrial products company’s stock worth $554,000 after acquiring an additional 1,038 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Applied Industrial Technologies Stock Performance

AIT stock opened at $270.01 on Thursday. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $296.70. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.53 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.68. The stock’s fifty day moving average is $275.66 and its two-hundred day moving average is $264.27.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly 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. The company 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%. Applied Industrial Technologies’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.39 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. On average, research analysts predict that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Applied Industrial Technologies Increases Dividend

The company 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 an increase 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 dividend payout ratio (DPR) is 19.41%.

Insider Activity

In related 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 owned 14,491 shares of the company’s stock, valued at approximately $4,171,524.17. This trade represents a 27.32% decrease in their position. The sale 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 the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 130,528 shares in the company, valued at $37,311,428.80. This represents a 12.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 28,654 shares of company stock worth $8,212,829. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AIT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. 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, KeyCorp boosted their price target on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.38.

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.