Maridea Wealth Management LLC Buys New Position in Applied Industrial Technologies, Inc. $AIT

Maridea Wealth Management LLC bought a new stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,074 shares of the industrial products company’s stock, valued at approximately $532,000.

A number of other institutional investors also recently made changes to their positions in AIT. First Trust Advisors LP boosted its holdings in shares of Applied Industrial Technologies by 22.7% in the third quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock valued at $243,577,000 after acquiring an additional 172,857 shares in the last quarter. Wellington Management Group LLP raised its holdings in Applied Industrial Technologies by 24.7% during the third quarter. Wellington Management Group LLP now owns 769,441 shares of the industrial products company’s stock worth $200,863,000 after purchasing an additional 152,197 shares in the last quarter. Capital International Investors acquired a new stake in Applied Industrial Technologies in the third quarter worth approximately $200,456,000. Dimensional Fund Advisors LP boosted its stake in Applied Industrial Technologies by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 720,352 shares of the industrial products company’s stock valued at $188,040,000 after purchasing an additional 10,408 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Applied Industrial Technologies by 7.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 471,218 shares of the industrial products company’s stock valued at $123,011,000 after purchasing an additional 33,790 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIT has been the topic of a number of research reports. Wall Street Zen downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Finally, KeyCorp lifted their target price on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $294.38.

Applied Industrial Technologies Trading Down 1.2%

Applied Industrial Technologies stock opened at $253.46 on Monday. 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 firm has a market cap of $9.45 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.43 and a beta of 0.80. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $296.70. The firm’s 50 day moving average price is $274.90 and its two-hundred day moving average price is $263.92.

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 (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company earned $2.39 earnings per share. The firm’s 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. On average, research analysts predict that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis 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 presently 19.41%.

Insider Transactions at Applied Industrial Technologies

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 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. The trade was a 12.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,654 shares of company stock valued at $8,212,829 over the last three months. Company 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.