B. Metzler seel. Sohn & Co. AG Sells 4,376 Shares of Applied Industrial Technologies, Inc. $AIT

Key Points

• B. Metzler seel. Sohn & Co. AG cut its Applied Industrial Technologies stake by 21.7%, selling 4,376 shares and retaining 15,804 shares valued at approximately $5.34 million. Institutional investors collectively own 93.52% of AIT.
• Applied Industrial Technologies reported quarterly EPS of $3.17, exceeding estimates of $2.92, while revenue rose 10.5% year over year to $1.35 billion. The company issued fiscal 2027 EPS guidance of $11.65–$12.15.
• Analysts maintain a favorable outlook, with seven Buy ratings and a consensus price target of $400; AIT also pays a quarterly dividend of $0.51, representing a 0.6% annualized yield.

B. Metzler seel. Sohn & Co. AG reduced its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) by 21.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,804 shares of the industrial products company's stock after selling 4,376 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Applied Industrial Technologies were worth $5,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Applied Industrial Technologies in the second quarter valued at about $1,336,805,000. First Trust Advisors LP raised its position in Applied Industrial Technologies by 34.3% in the 1st quarter. First Trust Advisors LP now owns 978,840 shares of the industrial products company's stock valued at $259,706,000 after purchasing an additional 249,961 shares during the last quarter. Capital International Investors boosted its stake in Applied Industrial Technologies by 25.4% in the fourth quarter. Capital International Investors now owns 962,925 shares of the industrial products company's stock worth $247,250,000 after purchasing an additional 195,043 shares in the last quarter. Wellington Management Group LLP boosted its stake in Applied Industrial Technologies by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 776,394 shares of the industrial products company's stock worth $199,355,000 after purchasing an additional 6,953 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Applied Industrial Technologies by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 723,700 shares of the industrial products company's stock worth $185,833,000 after purchasing an additional 3,348 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

Applied Industrial Technologies Stock Performance

Shares of NYSE:AIT opened at $322.12 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.75 and a debt-to-equity ratio of 0.14. Applied Industrial Technologies, Inc. has a 1-year low of $238.34 and a 1-year high of $374.80. The stock has a market capitalization of $11.82 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.57 and a beta of 0.83. The business has a 50-day moving average price of $339.38 and a two-hundred day moving average price of $309.36.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last issued its earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.25. Applied Industrial Technologies had a net margin of 8.35% and a return on equity of 22.17%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $2.80 EPS. The company's revenue for the quarter was up 10.5% on a year-over-year basis. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. Equities analysts predict that Applied Industrial Technologies, Inc. will post 11.95 earnings per share for the current year.

Applied Industrial Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AIT shares. Mizuho lifted their price target on Applied Industrial Technologies from $355.00 to $400.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Oppenheimer increased their price objective on shares of Applied Industrial Technologies from $350.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Robert W. Baird raised their price objective on shares of Applied Industrial Technologies from $317.00 to $400.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. DA Davidson boosted their target price on shares of 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, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Applied Industrial Technologies in a research note on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $400.00.

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, Director Madhuri Andrews sold 3,845 shares of the company's 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 owned 4,951 shares in the company, valued at approximately $1,633,285.39. The trade was a 43.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Wallace sold 1,904 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $340.45, for a total value of $648,216.80. Following the completion of the transaction, the director directly owned 22,859 shares in the company, valued at approximately $7,782,346.55. This trade represents a 7.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 7,561 shares of company stock valued at $2,560,085. 1.60% of the stock is currently owned by insiders.

Applied Industrial Technologies 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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