What is Zacks Research's Forecast for AIT FY2025 Earnings?

Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) - Zacks Research lifted their FY2025 earnings per share (EPS) estimates for Applied Industrial Technologies in a research note issued to investors on Thursday, May 22nd. Zacks Research analyst S. Roy now forecasts that the industrial products company will post earnings of $9.91 per share for the year, up from their previous estimate of $9.86. The consensus estimate for Applied Industrial Technologies' current full-year earnings is $9.90 per share. Zacks Research also issued estimates for Applied Industrial Technologies' Q4 2025 earnings at $2.59 EPS, Q1 2026 earnings at $2.49 EPS, Q2 2026 earnings at $2.50 EPS and FY2027 earnings at $11.56 EPS.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.40 by $0.17. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Applied Industrial Technologies had a return on equity of 22.37% and a net margin of 8.62%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.48 earnings per share.

Several other brokerages have also issued reports on AIT. KeyCorp decreased their target price on Applied Industrial Technologies from $325.00 to $275.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Loop Capital decreased their price target on shares of Applied Industrial Technologies from $320.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Robert W. Baird raised their price target on shares of Applied Industrial Technologies from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Raymond James reissued an "outperform" rating and issued a $250.00 target price (down from $265.00) on shares of Applied Industrial Technologies in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $285.00.

Applied Industrial Technologies Stock Up 3.4%

Shares of AIT stock traded up $7.54 on Monday, hitting $230.35. The stock had a trading volume of 430,150 shares, compared to its average volume of 308,824. The business has a 50 day moving average of $226.55 and a 200 day moving average of $244.92. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 3.14 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.76 and a quick ratio of 2.55. Applied Industrial Technologies has a 12-month low of $181.35 and a 12-month high of $282.98.

Applied Industrial Technologies declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 1st that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Applied Industrial Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, May 15th. Applied Industrial Technologies's payout ratio is 18.47%.

Hedge Funds Weigh In On Applied Industrial Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its holdings in shares of Applied Industrial Technologies by 42.5% during the first quarter. Intech Investment Management LLC now owns 25,214 shares of the industrial products company's stock worth $5,682,000 after purchasing an additional 7,518 shares in the last quarter. Focus Partners Wealth grew its stake in 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 worth $302,000 after buying an additional 58 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 worth $22,162,000 after buying an additional 10,863 shares in the last quarter. Empowered Funds LLC purchased a new position in Applied Industrial Technologies in the 1st quarter worth approximately $318,000. Finally, United Services Automobile Association purchased a new position in Applied Industrial Technologies in the 1st quarter worth approximately $541,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.