What is Zacks Research’s Forecast for AIT Q1 Earnings?

Applied Industrial Technologies, Inc. (NYSE:AIT) – Analysts at Zacks Research lifted their Q1 2027 earnings per share (EPS) estimates for Applied Industrial Technologies in a research report issued to clients and investors on Wednesday, January 22nd. Zacks Research analyst S. Roy now forecasts that the industrial products company will post earnings of $2.68 per share for the quarter, up from their previous forecast of $2.67. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.77 per share.

Several other brokerages also recently weighed in on AIT. Mizuho began coverage on Applied Industrial Technologies in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $285.00 target price for the company. StockNews.com lowered Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird raised 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. Oppenheimer raised their price target on Applied Industrial Technologies from $260.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Raymond James lifted their price objective on Applied Industrial Technologies from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.71.

Applied Industrial Technologies Price Performance

Shares of NYSE AIT opened at $260.36 on Friday. Applied Industrial Technologies has a 52 week low of $173.73 and a 52 week high of $282.98. The firm has a market cap of $10.01 billion, a P/E ratio of 26.57, a P/E/G ratio of 3.59 and a beta of 1.08. The business’s 50 day moving average price is $258.34 and its 200 day moving average price is $231.65. The company has a quick ratio of 2.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.33.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 22.68% and a net margin of 8.57%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.39 earnings per share.

Institutional Investors Weigh In On Applied Industrial Technologies

A number of institutional investors and hedge funds have recently modified their holdings of AIT. Spire Wealth Management lifted its position in Applied Industrial Technologies by 252.7% in the 4th quarter. Spire Wealth Management now owns 2,321 shares of the industrial products company’s stock worth $556,000 after buying an additional 1,663 shares in the last quarter. Ausbil Investment Management Ltd raised its holdings in shares of Applied Industrial Technologies by 34.0% during the 4th quarter. Ausbil Investment Management Ltd now owns 6,703 shares of the industrial products company’s stock valued at $1,642,000 after purchasing an additional 1,701 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Applied Industrial Technologies by 8.8% during the 4th quarter. Caprock Group LLC now owns 2,267 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 184 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of Applied Industrial Technologies during the 4th quarter valued at $325,000. Finally, Stonegate Investment Group LLC grew its stake in Applied Industrial Technologies by 160.6% in the 4th quarter. Stonegate Investment Group LLC now owns 3,909 shares of the industrial products company’s stock valued at $936,000 after buying an additional 2,409 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Buying and Selling

In related news, VP Warren E. Hoffner III sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total value of $1,126,560.00. Following the completion of the transaction, the vice president now directly owns 55,709 shares of the company’s stock, valued at $15,689,882.76. This represents a 6.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary Dean Hall sold 2,200 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $275.08, for a total value of $605,176.00. Following the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $952,326.96. The trade was a 38.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.67% of the company’s stock.

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.