Research Analysts Set Expectations for AIT Q1 Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Zacks Research raised their Q1 2027 earnings estimates for shares of 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 earn $2.68 per share for the quarter, up from their prior estimate of $2.67. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.77 per share.

AIT has been the subject of several other research reports. KeyCorp raised their price objective on shares of Applied Industrial Technologies from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Bank of America raised shares of Applied Industrial Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $285.00 to $315.00 in a research report on Tuesday, November 26th. Loop Capital raised their price objective on shares of Applied Industrial Technologies from $230.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Oppenheimer raised their price objective on shares of Applied Industrial Technologies from $260.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird raised their price objective on shares of Applied Industrial Technologies from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Applied Industrial Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $285.71.

Applied Industrial Technologies Stock Performance

Shares of AIT stock opened at $260.36 on Friday. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 3.59 and a beta of 1.08. Applied Industrial Technologies has a 52 week low of $173.73 and a 52 week high of $282.98. The company has a quick ratio of 2.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $258.34 and a 200-day moving average of $231.32.

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

Hedge Funds Weigh In On Applied Industrial Technologies

Large investors have recently bought and sold shares of the stock. Spire Wealth Management raised its stake in shares of Applied Industrial Technologies by 252.7% during the 4th quarter. Spire Wealth Management now owns 2,321 shares of the industrial products company’s stock worth $556,000 after purchasing an additional 1,663 shares during the period. Ausbil Investment Management Ltd raised its stake 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 worth $1,642,000 after purchasing an additional 1,701 shares during the period. Caprock Group LLC raised its stake 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 worth $543,000 after purchasing an additional 184 shares during the period. Ibex Wealth Advisors bought a new stake in shares of Applied Industrial Technologies during the 4th quarter worth $325,000. Finally, Stonegate Investment Group LLC raised its stake in shares of Applied Industrial Technologies by 160.6% during the 4th quarter. Stonegate Investment Group LLC now owns 3,909 shares of the industrial products company’s stock worth $936,000 after purchasing an additional 2,409 shares during the period. 93.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 4,000 shares of the firm’s stock in a transaction on 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 transaction, the vice president now directly owns 55,709 shares in the company, valued at approximately $15,689,882.76. This trade represents a 6.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Dean Hall sold 2,200 shares of the firm’s 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 owns 3,462 shares in the company, valued at approximately $952,326.96. This trade 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 company insiders.

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.