Zacks Research Issues Negative Estimate for AIT Earnings

Key Points

• Zacks Research slightly trimmed its Q2 2027 EPS estimate for Applied Industrial Technologies (NYSE:AIT) to $2.69 (from $2.70), with the consensus full-year earnings estimate at $10.65 per share.
• Applied Industrial Technologies recently beat quarterly expectations with $2.65 EPS (vs. $2.63 consensus) and issued Q4 2026 guidance of $2.85–$2.96 and FY2026 guidance of $10.64–$10.75.
• The stock carries a consensus rating of "Moderate Buy" (consensus target $295) with several firms issuing Buy or raised targets (KeyCorp $330), while institutional ownership is high at 93.52% and insiders have sold about 28,654 shares valued at ~$8.21M recently.

Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) - Analysts at Zacks Research decreased their Q2 2027 earnings estimates for shares of Applied Industrial Technologies in a report issued on Friday, April 24th. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $2.69 for the quarter, down from their previous estimate of $2.70. The consensus estimate for Applied Industrial Technologies' current full-year earnings is $10.65 per share.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.02. Applied Industrial Technologies had a net margin of 8.49% and a return on equity of 21.74%. 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.

A number of other analysts have also commented on the stock. Wall Street Zen raised shares of Applied Industrial Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, April 11th. KeyCorp upped their price objective on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Applied Industrial Technologies in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Applied Industrial Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $295.00.

Applied Industrial Technologies Stock Performance

NYSE:AIT opened at $298.86 on Tuesday. The company has a current ratio of 3.68, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. Applied Industrial Technologies has a twelve month low of $213.78 and a twelve month high of $300.42. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 2.81 and a beta of 0.82. The company has a 50-day moving average of $275.36 and a 200-day moving average of $267.17.

Institutional Trading of Applied Industrial Technologies

A number of hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its position in shares of Applied Industrial Technologies by 13.7% in the first quarter. QRG Capital Management Inc. now owns 6,479 shares of the industrial products company's stock worth $1,719,000 after purchasing an additional 783 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Applied Industrial Technologies by 74.1% in the first quarter. HB Wealth Management LLC now owns 2,023 shares of the industrial products company's stock worth $537,000 after purchasing an additional 861 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Applied Industrial Technologies by 86.5% in the first quarter. Moran Wealth Management LLC now owns 26,333 shares of the industrial products company's stock worth $6,987,000 after purchasing an additional 12,211 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Applied Industrial Technologies in the first quarter worth approximately $274,000. Finally, Strs Ohio lifted its position in shares of Applied Industrial Technologies by 16.2% in the first quarter. Strs Ohio now owns 33,686 shares of the industrial products company's stock worth $8,938,000 after purchasing an additional 4,689 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Jason W. Vasquez sold 5,447 shares of the company's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $287.87, for a total transaction of $1,568,027.89. Following the completion of the sale, the vice president directly owned 14,491 shares of the company's stock, valued at approximately $4,171,524.17. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Warren E. Hoffner III sold 4,000 shares of the company's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $288.62, for a total transaction of $1,154,480.00. Following the sale, the vice president directly owned 52,751 shares of the company's stock, valued at $15,224,993.62. This represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 28,654 shares of company stock valued at $8,212,829. 1.60% of the stock is currently owned by corporate insiders.

About Applied Industrial Technologies

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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