Applied Industrial Technologies (NYSE:AIT) Releases Q4 2026 Earnings Guidance

Key Points

• Q4 2026 guidance: Applied Industrial Technologies issued EPS guidance of 2.850–2.960 (consensus 2.870) and revenue guidance of $1.3 billion (in line with consensus), and updated FY 2026 guidance to 10.640–10.750 EPS.
• In the most recent quarter the company reported EPS of $2.51 (beat $2.48) and revenue of $1.16 billion (slightly below the $1.17B estimate), with quarterly revenue up 8.4% year-over-year.
• Insider activity: CEO Neil A. Schrimsher sold 19,207 shares at an average of $285.85, and insiders sold a total of 28,654 shares (~$8.21 million) in the last 90 days; company insiders now own 1.60% of the stock.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.850-2.960 for the period, compared to the consensus EPS estimate of 2.870. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Applied Industrial Technologies also updated its FY 2026 guidance to 10.640-10.750 EPS.

Applied Industrial Technologies Stock Up 1.9%

AIT stock opened at $298.86 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.68 and a quick ratio of 2.56. The firm has a market capitalization of $11.15 billion, a PE ratio of 28.44, a P/E/G ratio of 2.81 and a beta of 0.82. The company's 50 day simple moving average is $275.36 and its 200-day simple moving average is $267.17. Applied Industrial Technologies has a 12 month low of $213.78 and a 12 month high of $300.42.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Applied Industrial Technologies had a net margin of 8.49% and a return on equity of 21.74%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 earnings per share. Equities analysts expect that Applied Industrial Technologies will post 10.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AIT shares. KeyCorp increased their price target on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an "overweight" rating in a research note 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 raised shares of Applied Industrial Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, April 11th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $295.00.

Insider Activity

In other news, CEO Neil A. Schrimsher sold 19,207 shares of the firm's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $285.85, for a total value of $5,490,320.95. Following the transaction, the chief executive officer owned 130,528 shares of the company's stock, valued at approximately $37,311,428.80. This trade represents a 12.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Warren E. Hoffner III sold 4,000 shares of the firm's stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $288.62, for a total transaction of $1,154,480.00. Following the completion of the transaction, the vice president directly owned 52,751 shares in the company, valued at approximately $15,224,993.62. This represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 28,654 shares of company stock valued at $8,212,829. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Applied Industrial Technologies

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in Applied Industrial Technologies during the 4th quarter valued at $46,000. Smartleaf Asset Management LLC grew its holdings in Applied Industrial Technologies by 78.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 78 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in Applied Industrial Technologies during the 4th quarter valued at $69,000. Johnson Financial Group Inc. acquired a new stake in Applied Industrial Technologies during the 3rd quarter valued at $69,000. Finally, Parallel Advisors LLC grew its holdings in Applied Industrial Technologies by 39.5% during the 4th quarter. Parallel Advisors LLC now owns 272 shares of the industrial products company's stock valued at $70,000 after purchasing an additional 77 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

About Applied Industrial Technologies

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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