Applied Industrial Technologies (NYSE:AIT) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Applied Industrial Technologies to “buy” from “hold,” while the broader analyst consensus is also “buy” with an average price target of $384.29.
• AIT reported quarterly EPS of $3.17, beating the $2.92 estimate, and revenue of $1.35 billion, up 10.5% year over year and above expectations. The company issued fiscal 2027 adjusted EPS guidance of $11.65–$12.15.
• Shares opened at $362.18, near their 52-week high of $374.80, as multiple analysts raised price targets to as high as $400; institutional investors own 93.52% of the stock.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the company. Bank of America upped their target price on Applied Industrial Technologies from $380.00 to $390.00 and gave the stock a "buy" rating in a report on Friday. DA Davidson raised their price target on shares of Applied Industrial Technologies from $380.00 to $400.00 and gave the company a "buy" rating in a report on Friday. Oppenheimer lifted their price objective on shares of Applied Industrial Technologies from $350.00 to $390.00 and gave the stock an "outperform" rating in a research report on Friday. Mizuho boosted their price objective on shares of Applied Industrial Technologies from $355.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Robert W. Baird boosted their price objective on shares of Applied Industrial Technologies from $317.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Applied Industrial Technologies currently has an average rating of "Buy" and a consensus target price of $384.29.

Applied Industrial Technologies Stock Up 1.3%

NYSE:AIT opened at $362.18 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.97. Applied Industrial Technologies has a 1-year low of $238.34 and a 1-year high of $374.80. The company has a 50-day moving average of $337.04 and a 200 day moving average of $303.32. The firm has a market cap of $13.39 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 3.08 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.25. Applied Industrial Technologies had a net margin of 8.35% and a return on equity of 22.17%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the company earned $2.80 EPS. The company's revenue was up 10.5% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. As a group, research analysts anticipate that Applied Industrial Technologies will post 11.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $329.89, for a total value of $1,268,427.05. Following the completion of the sale, the director directly owned 4,951 shares in the company, valued at approximately $1,633,285.39. This trade represents a 43.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Applied Industrial Technologies

Several hedge funds have recently modified their holdings of AIT. Jupiter Topco LLC acquired a new stake in Applied Industrial Technologies in the 2nd quarter worth approximately $7,742,000. Hsbc Holdings PLC purchased a new stake in Applied Industrial Technologies during the 2nd quarter worth approximately $9,410,000. Ancora Advisors LLC purchased a new stake in Applied Industrial Technologies during the 2nd quarter worth approximately $676,000. Palisade Capital Management LP acquired a new position in Applied Industrial Technologies during the 2nd quarter valued at approximately $30,896,000. Finally, Canada Pension Plan Investment Board acquired a new position in Applied Industrial Technologies during the 2nd quarter valued at approximately $16,224,000. Institutional investors and hedge funds own 93.52% of the company's stock.

Key Applied Industrial Technologies News

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: Quarterly results beat expectations: Fiscal Q4 earnings were $3.17 per share versus the $2.92 consensus, while revenue reached approximately $1.35 billion-$1.4 billion, ahead of the $1.29 billion estimate. Sales rose about 10.5% year over year, helped by organic growth, while margin gains further supported the results. AIT Q4 Earnings Beat Estimates on Strong Organic Sales Growth
• Positive Sentiment: Constructive fiscal 2027 outlook: AIT forecast revenue of $5.2 billion-$5.3 billion and adjusted EPS of $11.65-$12.15. The company also increased its intermediate financial targets, signaling confidence in continued demand and operating improvement. Fiscal 2026 Results and Fiscal 2027 Guidance
• Positive Sentiment: Analysts raised targets and ratings: Mizuho lifted its target from $355 to $400 and upgraded AIT to “outperform.” Robert W. Baird also raised its target from $317 to $400 with an “outperform” rating, while DA Davidson increased its target from $380 to $400 and maintained a “buy” rating. Bank of America raised its target from $380 to $390 and assigned a “buy” rating. Mizuho Raises AIT Price Target

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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