CenterBook Partners LP Takes $487,000 Position in Applied Industrial Technologies, Inc. $AIT

CenterBook Partners LP bought a new position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,864 shares of the industrial products company’s stock, valued at approximately $487,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wolverine Asset Management LLC bought a new position in shares of Applied Industrial Technologies during the third quarter worth approximately $1,044,000. Alps Advisors Inc. grew its position in Applied Industrial Technologies by 33.0% during the third quarter. Alps Advisors Inc. now owns 32,824 shares of the industrial products company’s stock worth $8,569,000 after buying an additional 8,153 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Applied Industrial Technologies by 38.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 73,784 shares of the industrial products company’s stock worth $17,151,000 after acquiring an additional 20,535 shares during the period. Regents Gate Capital LLP acquired a new position in Applied Industrial Technologies in the 2nd quarter valued at $11,387,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Applied Industrial Technologies by 27.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,126 shares of the industrial products company’s stock valued at $12,041,000 after acquiring an additional 9,898 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

AIT has been the topic of a number of recent analyst reports. Mizuho set a $305.00 price target on Applied Industrial Technologies in a research report on Wednesday, October 29th. KeyCorp decreased their target price on shares of Applied Industrial Technologies from $310.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $290.63.

Applied Industrial Technologies News Summary

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: Zacks raised Q4 2027 EPS to $3.22 from $3.16, a meaningful bump that suggests stronger late‑year profitability expectations and supports multiple expansion. MarketBeat AIT
• Positive Sentiment: Zacks increased Q4 2026 EPS to $2.82 (from $2.79) and raised Q1 2027 to $2.79 (from $2.77), reinforcing a view of modestly improving sequential earnings into the company’s fiscal second half. MarketBeat AIT
• Neutral Sentiment: Zacks made very small adjustments (Q2 2027 to $2.69 from $2.68; Q2 2028 to $3.00 from $2.99) — immaterial individually but part of an overall refinement of their model. MarketBeat AIT
• Neutral Sentiment: Zacks trimmed Q1 2028 slightly to $3.02 from $3.03 — a de minimis change that likely won’t move fundamentals on its own. MarketBeat AIT
• Negative Sentiment: Zacks cut Q3 2027 EPS to $2.81 from $2.90 and lowered Q3 2026 to $2.62 from $2.69, signalling potential softness in mid‑year demand that could pressure near‑term results. MarketBeat AIT
• Negative Sentiment: Zacks trimmed its FY2028 EPS view to $12.63 from $12.70 — a small downward revision to the longer‑term outlook that slightly reduces upside in modeled valuation. MarketBeat AIT

Applied Industrial Technologies Trading Up 0.2%

Shares of Applied Industrial Technologies stock opened at $281.58 on Friday. The firm’s 50 day moving average is $271.73 and its 200 day moving average is $263.20. The firm has a market capitalization of $10.50 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.84. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $296.70. 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 (NYSE:AIT) last issued its 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. The firm 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%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $2.39 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. Equities research analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.46. Applied Industrial Technologies’s payout ratio is currently 19.41%.

Insider Buying and Selling at Applied Industrial Technologies

In other 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 transaction of $1,568,027.89. Following the sale, the vice president directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Neil A. Schrimsher sold 19,207 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $285.85, for a total value of $5,490,320.95. Following the sale, the chief executive officer owned 130,528 shares in the company, valued at approximately $37,311,428.80. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 28,654 shares of company stock worth $8,212,829. 1.60% of the stock is currently owned by insiders.

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.