Zacks Research Analysts Boost Earnings Estimates for AIT

Applied Industrial Technologies, Inc. (NYSE:AIT) – Equities research analysts at Zacks Research raised their Q2 2028 EPS estimates for Applied Industrial Technologies in a research note issued on Tuesday, July 14th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $2.88 per share for the quarter, up from their previous forecast of $2.87. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $10.71 per share.

Several other brokerages also recently weighed in on AIT. Wall Street Zen downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. DA Davidson initiated coverage on Applied Industrial Technologies in a report on Tuesday, June 16th. They set a “buy” rating and a $380.00 price target on the stock. Robert W. Baird set a $317.00 price objective on Applied Industrial Technologies in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Friday, April 24th. Finally, Oppenheimer increased their target price on Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $329.57.

Applied Industrial Technologies Stock Up 1.3%

Shares of AIT stock opened at $336.35 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97. Applied Industrial Technologies has a one year low of $238.34 and a one year high of $345.48. The company’s fifty day moving average price is $320.78 and its 200-day moving average price is $292.32. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 2.87 and a beta of 0.83.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 earnings per share. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS.

Institutional Investors Weigh In On Applied Industrial Technologies

Several large investors have recently made changes to their positions in AIT. Goldman Sachs Group Inc. boosted its stake in 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 valued at $85,897,000 after buying an additional 14,926 shares during the last quarter. Empowered Funds LLC purchased a new position in Applied Industrial Technologies during the 1st quarter valued at approximately $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Applied Industrial Technologies by 12.4% in 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 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 worth $302,000 after acquiring an additional 58 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of Applied Industrial Technologies during the 2nd quarter worth approximately $217,000. 93.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total value of $1,268,427.05. Following the sale, the director owned 4,951 shares in the company, valued at $1,633,285.39. The trade was a 43.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Warren E. Hoffner III sold 8,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the transaction, the vice president directly owned 40,751 shares of the company’s stock, valued at $12,471,436.04. This trade represents a 16.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 19.26%.

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.