Brown Advisory Inc. Has $82.78 Million Stock Position in Applied Industrial Technologies, Inc. $AIT

Brown Advisory Inc. reduced its holdings in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 356,109 shares of the industrial products company’s stock after selling 14,608 shares during the period. Brown Advisory Inc.’s holdings in Applied Industrial Technologies were worth $82,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIT. Rise Advisors LLC boosted its holdings in Applied Industrial Technologies by 111.1% during the first quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Applied Industrial Technologies by 2,033.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock worth $30,000 after buying an additional 122 shares in the last quarter. Maseco LLP bought a new stake in Applied Industrial Technologies during the 2nd quarter worth about $35,000. SVB Wealth LLC acquired a new position in shares of Applied Industrial Technologies during the 1st quarter worth about $48,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Applied Industrial Technologies by 100.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 321 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 161 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Applied Industrial Technologies Stock Performance

Shares of AIT stock opened at $258.05 on Friday. Applied Industrial Technologies, Inc. has a 52 week low of $199.96 and a 52 week high of $280.95. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.64 and a beta of 0.85. The company has a 50-day simple moving average of $254.31 and a 200 day simple moving average of $252.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.50 and a current ratio of 3.55.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.16. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $2.36 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. On average, sell-side analysts predict that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current year.

Applied Industrial Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.46 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.84 annualized dividend and a yield of 0.7%. Applied Industrial Technologies’s payout ratio is 17.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Raymond James Financial lowered Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Applied Industrial Technologies in a research note on Monday. Mizuho set a $305.00 target price on shares of Applied Industrial Technologies in a research note on Wednesday, October 29th. Robert W. Baird boosted their target price on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Finally, Bank of America increased their price target on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and an average price target of $287.50.

Applied Industrial Technologies 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.