Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) – Research analysts at Zacks Research upped their Q1 2026 earnings estimates for Applied Industrial Technologies in a note issued to investors on Thursday, September 12th. Zacks Research analyst S. Roy now forecasts that the industrial products company will post earnings of $2.52 per share for the quarter, up from their prior estimate of $2.51. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.86 per share.
AIT has been the subject of several other reports. Loop Capital boosted their price objective on Applied Industrial Technologies from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird increased their price objective on shares of Applied Industrial Technologies from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Northcoast Research assumed coverage on shares of Applied Industrial Technologies in a research note on Monday, July 1st. They issued a “neutral” rating on the stock. StockNews.com downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, KeyCorp raised their price target on Applied Industrial Technologies from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $223.00.
Applied Industrial Technologies Trading Up 2.2 %
Shares of AIT opened at $213.34 on Monday. The stock’s fifty day simple moving average is $202.43 and its 200-day simple moving average is $194.81. The firm has a market capitalization of $8.24 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03. Applied Industrial Technologies has a 12-month low of $149.59 and a 12-month high of $223.15. The company has a quick ratio of 2.56, a current ratio of 3.53 and a debt-to-equity ratio of 0.34.
Applied Industrial Technologies (NYSE:AIT – Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.12. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 23.55%. Applied Industrial Technologies’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.35 EPS.
Applied Industrial Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.48 dividend on an annualized basis and a yield of 0.69%. Applied Industrial Technologies’s payout ratio is 15.51%.
Insider Transactions at Applied Industrial Technologies
In related news, CEO Neil A. Schrimsher sold 3,703 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $202.24, for a total value of $748,894.72. Following the completion of the transaction, the chief executive officer now directly owns 205,708 shares in the company, valued at approximately $41,602,385.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Neil A. Schrimsher sold 3,703 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $202.24, for a total value of $748,894.72. Following the sale, the chief executive officer now directly owns 205,708 shares of the company’s stock, valued at approximately $41,602,385.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kurt W. Loring sold 4,858 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $203.10, for a total transaction of $986,659.80. Following the completion of the transaction, the vice president now directly owns 19,315 shares of the company’s stock, valued at $3,922,876.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,927 shares of company stock valued at $2,439,116 over the last 90 days. 2.20% of the stock is owned by company insiders.
Institutional Investors Weigh In On Applied Industrial Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of AIT. EntryPoint Capital LLC acquired a new position in Applied Industrial Technologies during the 1st quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new position in Applied Industrial Technologies during the fourth quarter worth $26,000. Headlands Technologies LLC bought a new position in Applied Industrial Technologies in the second quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new stake in Applied Industrial Technologies in the 2nd quarter valued at $32,000. Finally, Quarry LP acquired a new stake in Applied Industrial Technologies in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 93.52% of the company’s stock.
Applied Industrial Technologies Company Profile
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.
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