What is Zacks Research’s Estimate for AIT Q2 Earnings?

Applied Industrial Technologies, Inc. (NYSE:AIT) – Research analysts at Zacks Research lifted their Q2 2027 earnings estimates for shares of Applied Industrial Technologies in a note issued to investors on Thursday, April 2nd. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.70 per share for the quarter, up from their prior estimate of $2.69. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q3 2027 earnings at $2.80 EPS and Q3 2028 earnings at $3.15 EPS.

Other analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, KeyCorp boosted their price target on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Applied Industrial Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $294.38.

Applied Industrial Technologies Trading Down 0.0%

NYSE AIT opened at $267.04 on Friday. Applied Industrial Technologies has a 12 month low of $199.96 and a 12 month high of $296.70. The stock has a 50-day simple moving average of $271.72 and a 200 day simple moving average of $263.88. The company has a current ratio of 3.68, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $9.96 billion, a PE ratio of 25.41, a P/E/G ratio of 2.56 and a beta of 0.82.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share 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 for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business posted $2.39 EPS. The firm’s quarterly 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.

Institutional Trading of Applied Industrial Technologies

Several hedge funds and other institutional investors have recently modified their holdings of AIT. Goldman Sachs Group Inc. boosted its position in shares of Applied Industrial Technologies by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after buying an additional 14,926 shares during the period. Empowered Funds LLC bought a new stake in Applied Industrial Technologies in the 1st quarter valued at approximately $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 worth $22,162,000 after acquiring an additional 10,863 shares during the last quarter. Focus Partners Wealth grew its stake 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 worth $302,000 after acquiring an additional 58 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Applied Industrial Technologies by 316.3% in the second quarter. Hsbc Holdings PLC now owns 21,372 shares of the industrial products company’s stock valued at $4,968,000 after purchasing an additional 16,238 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Buying and Selling at Applied Industrial Technologies

In other news, CEO Neil A. Schrimsher sold 19,207 shares of the 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 owned 130,528 shares of the company’s stock, valued at $37,311,428.80. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jason W. Vasquez sold 5,447 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $287.87, for a total transaction 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. The trade was a 27.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 28,654 shares of company stock valued at $8,212,829. 1.60% of the stock is currently owned by corporate insiders.

Applied Industrial Technologies Increases Dividend

The business also recently announced 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. This is an increase from Applied Industrial Technologies’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 13th. This represents a $2.04 annualized dividend and a yield of 0.8%. Applied Industrial Technologies’s dividend payout ratio is 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.