Cwm LLC Acquires 3,757 Shares of Applied Industrial Technologies, Inc. $AIT

Cwm LLC boosted its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 110.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,152 shares of the industrial products company’s stock after acquiring an additional 3,757 shares during the quarter. Cwm LLC’s holdings in Applied Industrial Technologies were worth $1,867,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. 111 Capital purchased a new stake in Applied Industrial Technologies in the 2nd quarter valued at $980,000. Envestnet Asset Management Inc. grew its stake in shares of Applied Industrial Technologies by 38.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,784 shares of the industrial products company’s stock worth $17,151,000 after acquiring an additional 20,535 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of Applied Industrial Technologies by 10.5% in the second quarter. TimesSquare Capital Management LLC now owns 86,434 shares of the industrial products company’s stock valued at $20,092,000 after purchasing an additional 8,219 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Applied Industrial Technologies during the second quarter valued at about $3,071,000. Finally, Regents Gate Capital LLP purchased a new position in Applied Industrial Technologies during the second quarter worth about $11,387,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Ratings Changes

AIT has been the subject of several analyst reports. Mizuho set a $305.00 price objective on shares of Applied Industrial Technologies in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $287.50.

Applied Industrial Technologies Price Performance

Applied Industrial Technologies stock opened at $259.61 on Friday. The business’s 50 day simple moving average is $257.00 and its 200 day simple moving average is $257.21. Applied Industrial Technologies, Inc. has a 12 month low of $199.96 and a 12 month high of $280.95. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.65 and a beta of 0.87. The company has a current ratio of 3.55, a quick ratio of 2.50 and a debt-to-equity ratio of 0.30.

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

Applied Industrial Technologies Announces Dividend

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

Applied Industrial Technologies Profile

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.