Equities Analysts Offer Predictions for AIT Q2 Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Equities researchers at Zacks Research decreased their Q2 2026 earnings per share estimates for shares of Applied Industrial Technologies in a research note issued to investors on Monday, January 13th. Zacks Research analyst S. Roy now anticipates that the industrial products company will post earnings per share of $2.54 for the quarter, down from their previous estimate of $2.55. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.76 per share.

Other equities analysts also recently issued reports about the company. Robert W. Baird lifted their price target on Applied Industrial Technologies from $210.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Raymond James raised their price target on shares of Applied Industrial Technologies from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. KeyCorp lifted their price target on shares of Applied Industrial Technologies from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Loop Capital raised their target price on shares of Applied Industrial Technologies from $230.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Oppenheimer lifted their target price on Applied Industrial Technologies from $260.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Applied Industrial Technologies has an average rating of “Moderate Buy” and an average target price of $285.71.

Applied Industrial Technologies Stock Up 0.9 %

Shares of NYSE AIT opened at $255.43 on Thursday. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 3.36 and a beta of 1.08. Applied Industrial Technologies has a 1 year low of $166.37 and a 1 year high of $282.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.74 and a current ratio of 3.78. The stock’s 50-day simple moving average is $259.65 and its 200-day simple moving average is $228.41.

Applied Industrial Technologies (NYSE:AIT) last posted its earnings results on Thursday, October 24th. The industrial products company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.11. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Applied Industrial Technologies had a net margin of 8.57% and a return on equity of 22.68%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.39 EPS.

Institutional Investors Weigh In On Applied Industrial Technologies

Several hedge funds have recently made changes to their positions in the company. Mountain Pacific Investment Advisers LLC grew its position in Applied Industrial Technologies by 36.6% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 46,155 shares of the industrial products company’s stock worth $11,053,000 after purchasing an additional 12,364 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Applied Industrial Technologies by 58.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,897 shares of the industrial products company’s stock worth $1,173,000 after buying an additional 1,813 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Applied Industrial Technologies by 29.7% during the fourth quarter. Park Avenue Securities LLC now owns 1,411 shares of the industrial products company’s stock valued at $338,000 after buying an additional 323 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Applied Industrial Technologies by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,422 shares of the industrial products company’s stock valued at $2,496,000 after buying an additional 256 shares during the period. Finally, Oliver Luxxe Assets LLC acquired a new stake in Applied Industrial Technologies during the 4th quarter worth about $1,323,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total transaction of $1,126,560.00. Following the sale, the vice president now owns 55,709 shares in the company, valued at approximately $15,689,882.76. The trade was a 6.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Dean Hall sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $275.08, for a total transaction of $605,176.00. Following the sale, the director now directly owns 3,462 shares of the company’s stock, valued at $952,326.96. This represents a 38.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.67% of the stock is owned by corporate insiders.

Applied Industrial Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.37 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.58%. Applied Industrial Technologies’s payout ratio is currently 15.10%.

About Applied Industrial Technologies

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.