Zacks Research Issues Optimistic Forecast for AIT Earnings

Key Points

• Zacks Research raised its Q2 2027 EPS forecast for Applied Industrial Technologies to $2.76, up from $2.72, while projecting $11.79 in FY2027 earnings and $14.15 in FY2029 earnings.
• Analyst sentiment remains positive, with seven Buy ratings and a consensus rating of “Buy”; the average price target is $400, above the stock’s reported $325.36 opening price.
• Applied Industrial Technologies recently exceeded quarterly expectations, reporting $3.17 EPS versus $2.92 expected and revenue of $1.35 billion, up 10.5% year over year. The company also pays a quarterly dividend of $0.51, representing a 0.6% yield.

Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) - Stock analysts at Zacks Research increased their Q2 2027 earnings per share estimates for Applied Industrial Technologies in a research note issued on Thursday, September 3rd. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.76 per share for the quarter, up from their prior estimate of $2.72. The consensus estimate for Applied Industrial Technologies' current full-year earnings is $11.96 per share. Zacks Research also issued estimates for Applied Industrial Technologies' Q3 2027 earnings at $2.95 EPS, Q4 2027 earnings at $3.27 EPS, FY2027 earnings at $11.79 EPS, Q1 2028 earnings at $3.15 EPS, Q2 2028 earnings at $2.91 EPS and FY2029 earnings at $14.15 EPS.

Other equities analysts also recently issued reports about the company. Wall Street Zen raised Applied Industrial Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Applied Industrial Technologies in a research note on Tuesday, July 21st. Mizuho increased their price objective on Applied Industrial Technologies from $355.00 to $400.00 and gave the company an "outperform" rating in a report on Friday, August 14th. DA Davidson raised their price objective on Applied Industrial Technologies from $380.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Finally, KeyCorp lifted their target price on Applied Industrial Technologies from $375.00 to $420.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $400.00.

Applied Industrial Technologies Trading Down 0.1%

NYSE:AIT opened at $325.36 on Monday. Applied Industrial Technologies has a 12 month low of $238.34 and a 12 month high of $374.80. The firm has a fifty day simple moving average of $339.15 and a 200-day simple moving average of $309.68. The company has a current ratio of 2.58, a quick ratio of 1.75 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $11.94 billion, a P/E ratio of 29.69, a PEG ratio of 2.61 and a beta of 0.83.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The industrial products company reported $3.17 EPS for the quarter, beating the consensus estimate of $2.92 by $0.25. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Applied Industrial Technologies had a net margin of 8.35% and a return on equity of 22.17%. Applied Industrial Technologies's revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $2.80 EPS. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS.

Applied Industrial Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 14th. Applied Industrial Technologies's dividend payout ratio (DPR) is presently 18.61%.

Insider Activity

In other news, Director Peter Wallace sold 1,904 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $340.45, for a total transaction of $648,216.80. Following the transaction, the director owned 22,859 shares in the company, valued at $7,782,346.55. This trade represents a 7.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Madhuri Andrews sold 3,845 shares of Applied Industrial Technologies stock in a transaction on Thursday, June 18th. The shares were 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 directly owned 4,951 shares in the company, valued at $1,633,285.39. This represents a 43.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,561 shares of company stock worth $2,560,085 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Applied Industrial Technologies

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in Applied Industrial Technologies by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company's stock valued at $85,897,000 after buying an additional 14,926 shares in the last quarter. Empowered Funds LLC acquired a new stake in Applied Industrial Technologies in the 1st quarter worth about $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Applied Industrial Technologies by 12.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,348 shares of the industrial products company's stock worth $22,162,000 after buying an additional 10,863 shares in the last quarter. Focus Partners Wealth increased its stake 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 worth $302,000 after buying an additional 58 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Applied Industrial Technologies during the second quarter valued at approximately $217,000. Institutional investors and hedge funds 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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