Capital International Investors Purchases Shares of 767,882 Applied Industrial Technologies, Inc. $AIT

Capital International Investors acquired a new position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 767,882 shares of the industrial products company’s stock, valued at approximately $200,456,000. Capital International Investors owned approximately 2.04% of Applied Industrial Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Applied Industrial Technologies in the 2nd quarter worth about $107,228,000. Qube Research & Technologies Ltd acquired a new stake in shares of Applied Industrial Technologies during the second quarter worth approximately $81,722,000. Dundas Partners LLP raised its stake in shares of Applied Industrial Technologies by 12,956.0% in the second quarter. Dundas Partners LLP now owns 266,212 shares of the industrial products company’s stock valued at $61,881,000 after acquiring an additional 264,173 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Applied Industrial Technologies by 11,885.4% in the 2nd quarter. Squarepoint Ops LLC now owns 258,286 shares of the industrial products company’s stock worth $60,039,000 after acquiring an additional 256,131 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Applied Industrial Technologies by 22.7% during the 3rd quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock worth $243,577,000 after acquiring an additional 172,857 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

Applied Industrial Technologies Stock Performance

AIT stock opened at $270.01 on Thursday. 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 company has a 50 day moving average price of $275.66 and a 200 day moving average price of $264.27. Applied Industrial Technologies, Inc. has a fifty-two week low of $199.96 and a fifty-two week high of $296.70. The stock has a market capitalization of $10.07 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81.

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

Applied Industrial Technologies Increases Dividend

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

Analyst Ratings Changes

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

Insider Activity at Applied Industrial Technologies

In other Applied Industrial Technologies news, CEO Neil A. Schrimsher sold 19,207 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 130,528 shares in the company, valued at approximately $37,311,428.80. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Warren E. Hoffner III sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $288.62, for a total transaction of $1,154,480.00. Following the completion of the transaction, the vice president directly owned 52,751 shares in the company, valued at $15,224,993.62. This trade represents a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,654 shares of company stock worth $8,212,829 over the last 90 days. Insiders own 1.60% of the company’s stock.

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.