Zacks Research Brokers Increase Earnings Estimates for AIT

Key Points

• Zacks Research has increased its earnings estimates for Applied Industrial Technologies (AIT), projecting Q1 2027 EPS to be $2.64, slightly up from the previous estimate of $2.63.
• The company reported stronger-than-expected Q2 earnings with an EPS of $2.80, surpassing the consensus estimate by $0.20, alongside a revenue of $1.22 billion.
• Applied Industrial Technologies has received multiple positive ratings from analysts, with a consensus price target of $285.00 and seven analysts rating it as a "Buy."

Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) - Zacks Research raised their Q1 2027 EPS estimates for Applied Industrial Technologies in a report released on Monday, October 13th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.64 per share for the quarter, up from their previous forecast of $2.63. 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' Q3 2027 earnings at $2.96 EPS.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last posted its earnings results on Thursday, August 14th. The industrial products company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.60 by $0.20. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.64 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS.

AIT has been the subject of a number of other reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Applied Industrial Technologies in a research report on Wednesday, October 8th. Robert W. Baird upped their price objective on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Raymond James Financial downgraded shares of Applied Industrial Technologies from an "outperform" rating to a "market perform" rating in a research report on Friday, August 15th. Industrial Alliance Securities set a $290.00 price objective on shares of Applied Industrial Technologies in a research report on Friday, August 22nd. Finally, 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Applied Industrial Technologies Trading Up 2.6%

NYSE:AIT opened at $253.05 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.32 and a quick ratio of 2.36. The firm has a 50-day moving average of $261.85 and a 200-day moving average of $245.00. The company has a market cap of $9.55 billion, a PE ratio of 25.00, a PEG ratio of 2.61 and a beta of 0.96. Applied Industrial Technologies has a one year low of $199.96 and a one year high of $282.98.

Insider Buying and Selling

In related news, CEO Neil A. Schrimsher sold 26,671 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $262.46, for a total value of $7,000,070.66. Following the completion of the transaction, the chief executive officer directly owned 149,735 shares of the company's stock, valued at approximately $39,299,448.10. This trade represents a 15.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jason W. Vasquez sold 7,466 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president directly owned 14,491 shares of the company's stock, valued at approximately $3,768,819.28. This trade represents a 34.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,660 shares of company stock valued at $11,217,980. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC lifted its stake in Applied Industrial Technologies by 111.1% in the 1st quarter. Rise Advisors LLC now owns 133 shares of the industrial products company's stock worth $30,000 after purchasing an additional 70 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Applied Industrial Technologies by 2,033.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company's stock worth $30,000 after purchasing an additional 122 shares in the last quarter. Maseco LLP purchased a new stake in Applied Industrial Technologies in the 2nd quarter worth approximately $35,000. Wayfinding Financial LLC purchased a new stake in Applied Industrial Technologies in the 1st quarter worth approximately $38,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Applied Industrial Technologies in the 1st quarter worth approximately $41,000. 93.52% of the stock is owned by 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.

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