Applied Industrial Technologies, Inc. $AIT Holdings Reduced by Capital Research Global Investors

Key Points

• Capital Research Global Investors trimmed its stake in Applied Industrial Technologies by 3.5% in Q3, selling 11,829 shares and leaving it with 323,793 shares valued at about $84.53 million (≈0.86% ownership).
• Company insiders sold a total of 28,654 shares worth roughly $8.21 million in the last quarter — including VP Warren E. Hoffner III (4,000 shares at $288.62) and VP Jason W. Vasquez (5,447 shares at $287.87) — leaving insiders with 1.60% ownership.
• Wall Street sentiment is broadly positive with a consensus rating of "Moderate Buy" (six Buys, one Hold) and an average price target of $294.38; the company also raised its quarterly dividend to $0.51 ($2.04 annualized) and reported Q earnings of $2.51 vs. $2.48 expected.

Capital Research Global Investors lowered its position in Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 323,793 shares of the industrial products company's stock after selling 11,829 shares during the quarter. Capital Research Global Investors owned about 0.86% of Applied Industrial Technologies worth $84,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AIT. Smartleaf Asset Management LLC boosted its position in shares of Applied Industrial Technologies by 890.0% during the third quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company's stock worth $26,000 after buying an additional 89 shares during the period. Root Financial Partners LLC bought a new position in Applied Industrial Technologies in the 3rd quarter worth approximately $27,000. Abich Financial Wealth Management LLC acquired a new stake in Applied Industrial Technologies in the 3rd quarter valued at approximately $29,000. First Horizon Corp bought a new stake in Applied Industrial Technologies during the 3rd quarter valued at $47,000. Finally, Headlands Technologies LLC bought a new stake in Applied Industrial Technologies during the 2nd quarter valued at $72,000. Institutional investors own 93.52% of the company's stock.

Insider Transactions at Applied Industrial Technologies

In other news, VP Warren E. Hoffner III sold 4,000 shares of Applied Industrial Technologies stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $288.62, for a total value of $1,154,480.00. Following the transaction, the vice president owned 52,751 shares of the company's stock, valued at $15,224,993.62. The trade was a 7.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jason W. Vasquez sold 5,447 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $287.87, for a total transaction of $1,568,027.89. Following the completion of the sale, the vice president owned 14,491 shares in the company, valued at $4,171,524.17. The trade was a 27.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,654 shares of company stock valued at $8,212,829 in the last quarter. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

AIT has been the subject of several recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. KeyCorp increased their target price on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. Finally, Wall Street Zen upgraded shares of Applied Industrial Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, February 28th. Six investment 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 company has a consensus rating of "Moderate Buy" and an average price target of $294.38.

Applied Industrial Technologies Stock Up 2.2%

AIT opened at $270.01 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.68. The company has a market capitalization of $10.07 billion, a PE ratio of 25.69, a P/E/G ratio of 2.53 and a beta of 0.81. The stock's fifty day moving average is $275.66 and its 200-day moving average is $264.27. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $296.70.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last announced its earnings results on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.17 billion. Applied Industrial Technologies had a return on equity of 21.74% and a net margin of 8.49%.The company's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $2.39 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. On average, equities analysts predict that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.51 per share. This is a positive change from Applied Industrial Technologies's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 13th. This represents a $2.04 annualized dividend and a dividend yield of 0.8%. Applied Industrial Technologies's payout ratio is 19.41%.

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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