Zacks Research Has Bullish Estimate for AIT FY2025 Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) - Equities research analysts at Zacks Research boosted their FY2025 earnings per share (EPS) estimates for Applied Industrial Technologies in a research note issued on Thursday, May 22nd. Zacks Research analyst S. Roy now expects that the industrial products company will earn $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 posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.40 by $0.17. The business had revenue of $1.17 billion for 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%. Applied Industrial Technologies's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.48 earnings per share.

AIT has been the topic of a number of other research reports. KeyCorp lowered their price objective on Applied Industrial Technologies from $325.00 to $275.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Loop Capital reduced their price objective on Applied Industrial Technologies from $320.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird raised their target price on 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 reaffirmed an "outperform" rating and set a $250.00 price objective (down from $265.00) on shares of Applied Industrial Technologies in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $285.00.

Applied Industrial Technologies Stock Performance

Shares of NYSE:AIT traded up $0.53 during trading on Monday, hitting $226.65. 131,027 shares of the company were exchanged, compared to its average volume of 375,961. The company has a market cap of $8.63 billion, a PE ratio of 22.96, a P/E/G ratio of 3.14 and a beta of 1.00. The stock has a 50 day moving average of $226.61 and a 200 day moving average of $244.69. Applied Industrial Technologies has a 52-week low of $181.35 and a 52-week high of $282.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.76 and a quick ratio of 2.55.

Institutional Trading of Applied Industrial Technologies

Several hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new stake in Applied Industrial Technologies in the 1st quarter worth about $8,878,000. Intech Investment Management LLC boosted its stake 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 valued at $5,682,000 after purchasing an additional 7,518 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Applied Industrial Technologies by 4.5% during the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company's stock valued at $302,000 after purchasing an additional 58 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Applied Industrial Technologies by 12.4% during the first 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 purchasing an additional 10,863 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Applied Industrial Technologies in the first quarter valued at approximately $318,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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

Applied Industrial Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.81%. Applied Industrial Technologies's dividend payout ratio is presently 18.47%.

Applied Industrial Technologies Company Profile

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.