Applied Industrial Technologies (NYSE:AIT) Issues FY 2026 Earnings Guidance

Key Points

• Applied Industrial Technologies issued FY2026 guidance of EPS $10.64–$10.75 and revenue of $4.9 billion (both effectively in line with consensus), and set Q4 2026 EPS guidance at $2.85–$2.96.
• Analysts remain generally positive — consensus rating is "Moderate Buy" with an average price target of $295 and KeyCorp raised its target to $330 — and the stock traded up ~1.9% after the update while the company recently beat quarterly EPS estimates ($2.65 vs. $2.63).
• Insiders have been net sellers recently, offloading 28,654 shares worth about $8.21 million in the last 90 days (insiders now own 1.60% of the stock), while institutional investors hold roughly 93.5%.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 10.640-10.750 for the period, compared to the consensus estimate of 10.660. The company issued revenue guidance of $4.9 billion-$4.9 billion, compared to the consensus revenue estimate of $4.9 billion. Applied Industrial Technologies also updated its Q4 2026 guidance to 2.850-2.960 EPS.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. KeyCorp lifted their target price on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Applied Industrial Technologies in a research note on Friday. Finally, Wall Street Zen upgraded shares of Applied Industrial Technologies from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Applied Industrial Technologies has a consensus rating of "Moderate Buy" and an average price target of $295.00.

Applied Industrial Technologies Trading Up 1.9%

NYSE AIT opened at $298.86 on Tuesday. The firm's 50 day moving average price is $275.36 and its two-hundred day moving average price is $267.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.68. Applied Industrial Technologies has a twelve month low of $213.78 and a twelve month high of $300.42. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.81 and a beta of 0.82.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. Applied Industrial Technologies had a return on equity of 21.74% and a net margin of 8.49%.Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. Equities analysts anticipate that Applied Industrial Technologies will post 10.65 EPS for the current year.

Insiders Place Their Bets

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 4,000 shares of Applied Industrial Technologies stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $288.62, for a total transaction of $1,154,480.00. Following the transaction, the vice president owned 52,751 shares of the company's stock, valued at $15,224,993.62. The trade was a 7.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jason W. Vasquez sold 5,447 shares of the company's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $287.87, for a total value of $1,568,027.89. Following the completion of the transaction, the vice president owned 14,491 shares in the company, valued at $4,171,524.17. This represents a 27.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 28,654 shares of company stock worth $8,212,829. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Applied Industrial Technologies in the 4th quarter valued at approximately $205,000. Vise Technologies Inc. acquired a new stake in Applied Industrial Technologies in the third quarter valued at approximately $204,000. UMB Bank n.a. lifted its stake in Applied Industrial Technologies by 13.2% in the fourth quarter. UMB Bank n.a. now owns 592 shares of the industrial products company's stock valued at $152,000 after acquiring an additional 69 shares during the last quarter. Quarry LP grew its position in Applied Industrial Technologies by 79.2% in the third quarter. Quarry LP now owns 464 shares of the industrial products company's stock worth $121,000 after acquiring an additional 205 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Applied Industrial Technologies by 17.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 410 shares of the industrial products company's stock worth $105,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, listed on the New York Stock Exchange under the symbol AIT, is a leading distributor of industrial products and services. The company offers a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions. Through its network of distribution centers and branch locations, Applied Industrial Technologies serves diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.

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