Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in Applied Industrial Technologies, Inc. $AIT

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Applied Industrial Technologies by 41.2% in Q4, selling 19,000 shares and leaving it with 27,126 shares valued at about $6.97 million (0.07% of the company).
• Analysts remain largely positive with five Buy and one Hold, a consensus rating of “Moderate Buy” and an average price target of $313.67, with recent target increases including Oppenheimer to $350 and KeyCorp to $330.
• Insiders sold 28,654 shares in the past three months (CEO sold 19,207, VP sold 4,000), while the company slightly beat Q1 EPS estimates ($2.65 vs. $2.63), set FY2026 guidance of 10.64–10.75 EPS, and declared a $0.51 quarterly dividend (0.7% yield).

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,126 shares of the industrial products company's stock after selling 19,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Applied Industrial Technologies worth $6,965,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Applied Industrial Technologies by 4.1% during the first 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 during the period. Empowered Funds LLC bought a new position in Applied Industrial Technologies in the 1st quarter worth about $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Applied Industrial Technologies by 12.4% in 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 valued at $22,162,000 after acquiring an additional 10,863 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Applied Industrial Technologies by 4.5% in the 1st quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company's stock valued at $302,000 after acquiring an additional 58 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Applied Industrial Technologies during the 2nd quarter valued at about $217,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIT has been the subject of several recent analyst reports. KeyCorp boosted their price objective on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Oppenheimer lifted their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday. Robert W. Baird set a $317.00 price target on shares of Applied Industrial Technologies in a research note on Wednesday. Wall Street Zen lowered shares of Applied Industrial Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Applied Industrial Technologies in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $313.67.

Insider Activity

In other news, VP Warren E. Hoffner III sold 4,000 shares of the firm's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $288.62, for a total transaction of $1,154,480.00. Following the transaction, the vice president directly owned 52,751 shares of the company's stock, valued at approximately $15,224,993.62. This trade represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neil A. Schrimsher sold 19,207 shares of Applied Industrial Technologies stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $285.85, for a total value of $5,490,320.95. Following the completion of the transaction, the chief executive officer owned 130,528 shares in the company, valued at approximately $37,311,428.80. This represents a 12.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 28,654 shares of company stock valued at $8,212,829. 1.60% of the stock is currently owned by insiders.

Applied Industrial Technologies Trading Down 0.9%

AIT stock opened at $302.85 on Friday. The company has a market capitalization of $11.19 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.56 and a current ratio of 2.95. Applied Industrial Technologies, Inc. has a one year low of $213.78 and a one year high of $309.67. The company's 50 day moving average price is $276.67 and its two-hundred day moving average price is $268.19.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the company earned $2.57 EPS. The firm's revenue was up 7.3% on a year-over-year basis. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. As a group, analysts predict that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, May 15th. Applied Industrial Technologies's dividend payout ratio is presently 19.26%.

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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