Applied Industrial Technologies (NYSE:AIT) Announces Earnings Results

Applied Industrial Technologies (NYSE:AIT - Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.17, Zacks reports. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Applied Industrial Technologies had a net margin of 8.62% and a return on equity of 22.37%. The business's revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.48 earnings per share. Applied Industrial Technologies updated its Q4 2025 guidance to 2.520-2.670 EPS and its FY 2025 guidance to 9.850-10.000 EPS.

Applied Industrial Technologies Stock Performance

Shares of Applied Industrial Technologies stock opened at $227.79 on Friday. The firm has a market capitalization of $8.74 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 3.14 and a beta of 1.01. The company has a current ratio of 3.76, a quick ratio of 2.55 and a debt-to-equity ratio of 0.32. The business's fifty day simple moving average is $228.31 and its 200 day simple moving average is $246.12. Applied Industrial Technologies has a 12 month low of $181.35 and a 12 month high of $282.98.

Applied Industrial Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.84 annualized dividend and a dividend yield of 0.81%. Applied Industrial Technologies's dividend payout ratio is currently 18.64%.

Applied Industrial Technologies announced that its Board of Directors has approved a share buyback program on Thursday, May 1st that allows the company to buyback 1,500,000 outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

AIT has been the topic of a number of research reports. KeyCorp dropped their price target on Applied Industrial Technologies from $325.00 to $275.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Robert W. Baird lifted their price target on shares of Applied Industrial Technologies from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. StockNews.com lowered shares of Applied Industrial Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Raymond James reaffirmed an "outperform" rating and issued a $250.00 price objective (down from $265.00) on shares of Applied Industrial Technologies in a research note on Friday. Finally, Loop Capital decreased their target price on shares of Applied Industrial Technologies from $320.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $285.00.

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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