Applied Industrial Technologies, Inc. (NYSE:AIT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Applied Industrial Technologies, Inc. has been given a consensus rating of “Moderate Buy” by seven brokerages, with an average target price of $285.00 for the stock.
• Insider selling activity was noted, with VP Kurt W. Loring selling 8,523 shares and CEO Neil A. Schrimsher selling 26,671 shares, resulting in significant decreases in their ownership percentages.
• The company reported a quarterly EPS of $2.80, exceeding analyst expectations, and has forecasted its FY 2026 earnings to be between $10.000-10.75 EPS.

Shares of Applied Industrial Technologies, Inc. (NYSE:AIT - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $285.00.

AIT has been the subject of a number of analyst reports. Bank of America increased their price target on Applied Industrial Technologies from $275.00 to $290.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Wall Street Zen raised Applied Industrial Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Raymond James Financial downgraded Applied Industrial Technologies from an "outperform" rating to a "market perform" rating in a report on Friday, August 15th. Robert W. Baird increased their price target on Applied Industrial Technologies from $265.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Finally, Oppenheimer increased their price target on Applied Industrial Technologies from $290.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, August 15th.

Insider Activity at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Kurt W. Loring sold 8,523 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $267.06, for a total transaction of $2,276,152.38. Following the transaction, the vice president owned 19,273 shares of the company's stock, valued at $5,147,047.38. This trade represents a 30.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Neil A. Schrimsher sold 26,671 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $262.46, for a total value of $7,000,070.66. Following the transaction, the chief executive officer directly owned 149,735 shares in the company, valued at approximately $39,299,448.10. This represents a 15.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,660 shares of company stock valued at $11,217,980. Insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in Applied Industrial Technologies by 37.7% during the 2nd quarter. Osaic Holdings Inc. now owns 3,828 shares of the industrial products company's stock worth $888,000 after buying an additional 1,048 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in Applied Industrial Technologies by 39.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,628 shares of the industrial products company's stock worth $2,006,000 after buying an additional 2,423 shares during the last quarter. Cim Investment Management Inc. lifted its holdings in Applied Industrial Technologies by 100.8% during the 2nd quarter. Cim Investment Management Inc. now owns 3,897 shares of the industrial products company's stock worth $920,000 after buying an additional 1,956 shares during the last quarter. State of Wyoming bought a new position in Applied Industrial Technologies during the 2nd quarter worth approximately $286,000. Finally, Hudson Bay Capital Management LP bought a new position in Applied Industrial Technologies during the 2nd quarter worth approximately $1,504,000. Institutional investors own 93.52% of the company's stock.

Applied Industrial Technologies Stock Down 2.5%

Shares of NYSE AIT traded down $6.65 on Monday, hitting $263.03. The company had a trading volume of 166,022 shares, compared to its average volume of 221,121. Applied Industrial Technologies has a 12-month low of $199.96 and a 12-month high of $282.98. The business has a 50 day moving average of $263.67 and a two-hundred day moving average of $240.89. The company has a quick ratio of 2.36, a current ratio of 3.32 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $9.93 billion, a P/E ratio of 25.99, a PEG ratio of 2.85 and a beta of 1.00.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last issued its earnings results on Thursday, August 14th. The industrial products company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.20. Applied Industrial Technologies had a return on equity of 21.78% and a net margin of 8.61%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $2.64 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS. As a group, equities research analysts forecast that Applied Industrial Technologies will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.7%. Applied Industrial Technologies's dividend payout ratio is currently 18.18%.

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.