What is Zacks Research's Forecast for AIT Q1 Earnings?

Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) - Zacks Research boosted their Q1 2026 earnings per share (EPS) estimates for Applied Industrial Technologies in a report issued on Tuesday, June 10th. Zacks Research analyst S. Roy now expects that the industrial products company will post earnings per share of $2.50 for the quarter, up from their prior estimate of $2.49. 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' FY2027 earnings at $11.59 EPS.

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

A number of other equities research analysts have also recently weighed in on the company. Loop Capital dropped their price objective on 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. 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 report on Monday, March 17th. Finally, Raymond James reiterated an "outperform" rating and issued a $250.00 target price (down from $265.00) on shares of Applied Industrial Technologies in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Applied Industrial Technologies has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Applied Industrial Technologies Trading Down 0.1%

Shares of NYSE AIT traded down $0.16 during trading on Thursday, reaching $230.03. The stock had a trading volume of 280,688 shares, compared to its average volume of 311,308. Applied Industrial Technologies has a fifty-two week low of $181.35 and a fifty-two week high of $282.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.55 and a current ratio of 3.76. The business's 50-day moving average price is $226.84 and its 200-day moving average price is $241.87. The company has a market cap of $8.76 billion, a P/E ratio of 23.31, a PEG ratio of 3.14 and a beta of 0.93.

Applied Industrial Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.46 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.84 annualized dividend and a yield of 0.80%. Applied Industrial Technologies's dividend payout ratio is currently 18.47%.

Applied Industrial Technologies announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 1st that allows the company to buyback 1,500,000 shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Trading of Applied Industrial Technologies

Several large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC increased its holdings in Applied Industrial Technologies by 5.7% in the 1st quarter. Inspire Investing LLC now owns 2,914 shares of the industrial products company's stock valued at $657,000 after purchasing an additional 157 shares in the last quarter. Strs Ohio acquired a new stake in Applied Industrial Technologies in the 1st quarter valued at $8,878,000. Intech Investment Management LLC increased its holdings in Applied Industrial Technologies by 42.5% in the 1st 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 grew 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 acquiring an additional 58 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 acquiring an additional 10,863 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

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.