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

Key Points

• Applied Industrial Technologies has updated its FY 2026 earnings guidance, projecting earnings per share (EPS) between 10.000 and 10.75, exceeding the consensus estimate of 9.951.
• The company also issued revenue guidance of $4.7 billion to $4.9 billion, above the consensus revenue estimate of $4.5 billion.
• In addition to its earnings guidance, Applied Industrial Technologies announced a dividend of $0.46 per share, reflecting a 0.7% yield for investors.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 10.000-10.75 for the period, compared to the consensus earnings per share estimate of 9.951. The company issued revenue guidance of $4.7 billion-$4.9 billion, compared to the consensus revenue estimate of $4.5 billion.

Applied Industrial Technologies Price Performance

Shares of AIT traded up $0.70 during trading hours on Tuesday, hitting $263.06. 50,792 shares of the company were exchanged, compared to its average volume of 410,397. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 3.12 and a beta of 0.94. Applied Industrial Technologies has a fifty-two week low of $191.31 and a fifty-two week high of $282.98. 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's fifty day moving average is $251.61 and its 200 day moving average is $240.11.

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

Applied Industrial Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 15th. Applied Industrial Technologies's dividend payout ratio is 18.18%.

Applied Industrial Technologies announced that its board has authorized a stock repurchase plan on Thursday, May 1st that allows the company to repurchase 1,500,000 outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James Financial downgraded Applied Industrial Technologies from an "outperform" rating to a "market perform" rating in a research note on Friday. Robert W. Baird raised their price target on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday. Wall Street Zen upgraded shares of Applied Industrial Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Oppenheimer raised their price target on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $287.86.

Hedge Funds Weigh In On Applied Industrial Technologies

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of Applied Industrial Technologies during the second quarter worth about $72,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Applied Industrial Technologies in the second quarter worth approximately $81,000. M&T Bank Corp bought a new stake in Applied Industrial Technologies in the second quarter worth approximately $217,000. State of Wyoming bought a new stake in Applied Industrial Technologies in the second quarter worth approximately $286,000. Finally, Vident Advisory LLC increased its holdings in Applied Industrial Technologies by 21.7% in the second quarter. Vident Advisory LLC now owns 1,292 shares of the industrial products company's stock worth $300,000 after purchasing an additional 230 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

About Applied Industrial Technologies

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.