Bank of America Boosts Applied Industrial Technologies (NYSE:AIT) Price Target to $390.00

Key Points

• Bank of America raised Applied Industrial Technologies’ price target to $390 from $380 and maintained a “buy” rating, implying approximately 7.75% upside from the prior close.
• AIT reported quarterly EPS of $3.17 and revenue of $1.35 billion, beating analyst estimates of $2.92 and $1.29 billion, respectively; revenue rose about 10.5% year over year.
• Analyst sentiment remains positive, with seven buy ratings and one hold, producing a “Moderate Buy” consensus and average price target of $384.29. Several firms raised targets to $400, while the stock trades near its 52-week high at a valuation of roughly 34 times earnings.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) had its price objective boosted by research analysts at Bank of America from $380.00 to $390.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Bank of America's price target indicates a potential upside of 7.75% from the company's previous close.

AIT has been the subject of several other reports. Mizuho upped their target price on shares of Applied Industrial Technologies from $355.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday. DA Davidson lifted their price target on Applied Industrial Technologies from $380.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday. Wall Street Zen cut Applied Industrial Technologies from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Oppenheimer increased their price objective on Applied Industrial Technologies from $350.00 to $390.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Robert W. Baird raised their price objective on Applied Industrial Technologies from $317.00 to $400.00 and gave the company an "outperform" rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $384.29.

Applied Industrial Technologies Price Performance

Applied Industrial Technologies stock traded up $4.33 during mid-day trading on Friday, hitting $361.95. 189,094 shares of the company traded hands, compared to its average volume of 301,351. Applied Industrial Technologies has a one year low of $238.34 and a one year high of $374.80. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 3.04 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95. The stock has a fifty day moving average price of $336.11 and a 200-day moving average price of $302.91.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The industrial products company reported $3.17 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.25. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.80 EPS. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. On average, equities analysts predict that Applied Industrial Technologies will post 10.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Madhuri A. Andrews sold 3,845 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the completion of the sale, the director owned 4,951 shares of the company's stock, valued at approximately $1,633,285.39. This represents a 43.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Applied Industrial Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIT. Compound Planning Inc. increased its position in shares of Applied Industrial Technologies by 4.7% in the fourth quarter. Compound Planning Inc. now owns 822 shares of the industrial products company's stock valued at $211,000 after acquiring an additional 37 shares during the period. US Asset Management LLC grew its stake in shares of Applied Industrial Technologies by 3.3% in the fourth quarter. US Asset Management LLC now owns 1,266 shares of the industrial products company's stock worth $325,000 after purchasing an additional 41 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Applied Industrial Technologies by 7.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company's stock valued at $170,000 after purchasing an additional 45 shares during the period. Sanctuary Advisors LLC increased its holdings in Applied Industrial Technologies by 4.5% during the 1st quarter. Sanctuary Advisors LLC now owns 1,160 shares of the industrial products company's stock valued at $308,000 after purchasing an additional 50 shares during the period. Finally, Focus Partners Wealth raised its position in Applied Industrial Technologies by 4.5% during the 1st quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company's stock valued at $302,000 after purchasing an additional 58 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Key Stories Impacting Applied Industrial Technologies

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

• Positive Sentiment: Earnings and revenue beat expectations. Fiscal Q4 adjusted EPS was $3.17, exceeding the $2.92 consensus and rising from $2.80 a year earlier. Revenue increased approximately 10.4%–10.5% year over year to about $1.35 billion, above the $1.29 billion estimate. AIT Q4 Earnings Beat Estimates on Strong Organic Sales Growth
• Positive Sentiment: Growth and margins support the outlook. Strong organic sales growth, improved margins, and contributions from acquisitions helped drive the quarterly performance. The company also reported an 8.34% net margin and 21.64% return on equity.
• Positive Sentiment: Fiscal 2027 guidance is constructive. AIT forecast EPS of $11.65–$12.15 and revenue of $5.2–$5.3 billion. The EPS range brackets the $11.82 analyst consensus, while the company raised its intermediate financial targets, signaling confidence in continued operating improvement. Applied Industrial Technologies Fiscal 2026 Results and Fiscal 2027 Guidance
• Positive Sentiment: Analysts raised their targets to $400. DA Davidson, Mizuho, and Robert W. Baird each lifted their price target to $400 and maintained bullish ratings, including “buy” or “outperform.” The revisions reflect increased confidence after the earnings beat and imply further upside from recent trading levels. Mizuho Raises AIT Price Target to $400
• Neutral Sentiment: Expectations are elevated. AIT is trading near its 52-week high with a price-to-earnings ratio of roughly 34 and a PEG ratio above 3, leaving the stock sensitive to any slowdown in organic growth, margin expansion, or industrial demand.

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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