Applied Industrial Technologies, Inc. $AIT Shares Purchased by Tema Etfs LLC

Key Points

• Tema Etfs LLC has increased its investment in Applied Industrial Technologies by 42.4% in the first quarter, making it the largest position in their portfolio with approximately $10.89 million in shares.
• Applied Industrial Technologies reported $2.80 EPS for the last quarter, exceeding analyst expectations, and has set its FY 2026 guidance between 10.00-10.75 EPS.
• The company announced a quarterly dividend of $0.46 per share, reflecting a 0.7% dividend yield, and initiated a share buyback plan for 1.5 million shares.

Tema Etfs LLC increased its stake in Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) by 42.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,329 shares of the industrial products company's stock after acquiring an additional 14,399 shares during the quarter. Applied Industrial Technologies makes up about 3.3% of Tema Etfs LLC's portfolio, making the stock its biggest holding. Tema Etfs LLC owned 0.13% of Applied Industrial Technologies worth $10,890,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AIT. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Applied Industrial Technologies by 51.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 130 shares of the industrial products company's stock worth $29,000 after buying an additional 44 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Applied Industrial Technologies by 97.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 160 shares of the industrial products company's stock worth $36,000 after purchasing an additional 79 shares during the period. Wayfinding Financial LLC acquired a new position in Applied Industrial Technologies during the first quarter worth $38,000. Opal Wealth Advisors LLC purchased a new position in shares of Applied Industrial Technologies during the first quarter worth $41,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Applied Industrial Technologies by 31.1% in the 1st quarter. First Horizon Advisors Inc. now owns 215 shares of the industrial products company's stock valued at $48,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 93.52% of the company's stock.

Applied Industrial Technologies Stock Down 1.1%

Applied Industrial Technologies stock traded down $3.04 during mid-day trading on Friday, hitting $263.43. The company had a trading volume of 154,024 shares, compared to its average volume of 302,576. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.78 and a beta of 0.94. Applied Industrial Technologies, Inc. has a 1 year low of $191.31 and a 1 year 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 business has a fifty day moving average of $258.15 and a 200 day moving average of $240.39.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $2.80 EPS for the quarter, beating 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 net margin of 8.61% and a return on equity of 21.78%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.64 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS. On average, sell-side analysts expect that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.7%. Applied Industrial Technologies's dividend payout ratio (DPR) is 18.18%.

Insider Transactions at Applied Industrial Technologies

In related news, VP Jason W. Vasquez sold 7,466 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $260.08, for a total transaction of $1,941,757.28. Following the completion of the sale, the vice president directly owned 14,491 shares of the company's stock, valued at $3,768,819.28. This trade represents a 34.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kurt W. Loring sold 8,523 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $267.06, for a total value of $2,276,152.38. Following the sale, the vice president directly owned 19,273 shares of the company's stock, valued at approximately $5,147,047.38. This represents a 30.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,660 shares of company stock worth $11,217,980. Insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AIT shares. Industrial Alliance Securities set a $290.00 price target on shares of Applied Industrial Technologies in a research report on Friday, August 22nd. Wall Street Zen raised shares of Applied Industrial Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Raymond James Financial lowered shares of Applied Industrial Technologies from an "outperform" rating to a "market perform" rating in a research note on Friday, August 15th. Robert W. Baird upped their target price on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Finally, Oppenheimer upped their target price on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $285.00.

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.