Applied Industrial Technologies, Inc. (NYSE:AIT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Applied Industrial Technologies, Inc. (NYSE:AIT) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $290.6250.

Several brokerages have recently issued reports on AIT. Mizuho set a $305.00 target price on Applied Industrial Technologies in a report on Wednesday, October 29th. Wall Street Zen downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Finally, KeyCorp cut their target price on shares of Applied Industrial Technologies from $310.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th.

Applied Industrial Technologies Price Performance

AIT stock opened at $289.95 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.68. The company’s fifty day moving average price is $266.04 and its 200-day moving average price is $262.01. Applied Industrial Technologies has a one year low of $199.96 and a one year high of $290.09. The company has a market capitalization of $10.82 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.78 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Applied Industrial Technologies had a net margin of 8.49% and a return on equity of 21.74%. Applied Industrial Technologies’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $2.39 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. On average, equities analysts anticipate that Applied Industrial Technologies will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from Applied Industrial Technologies’s previous quarterly dividend of $0.46. Applied Industrial Technologies’s dividend payout ratio is 17.51%.

Institutional Trading of Applied Industrial Technologies

Hedge funds have recently made changes to their positions in the business. US Asset Management LLC lifted its holdings in shares of Applied Industrial Technologies by 3.3% in the 4th quarter. US Asset Management LLC now owns 1,266 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 41 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Applied Industrial Technologies by 3.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,410 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 45 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Applied Industrial Technologies by 7.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 45 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Applied Industrial Technologies by 1.1% during the third quarter. Quadrant Capital Group LLC now owns 4,631 shares of the industrial products company’s stock worth $1,209,000 after buying an additional 51 shares during the period. Finally, Ritholtz Wealth Management boosted its position in shares of Applied Industrial Technologies by 0.3% during the second quarter. Ritholtz Wealth Management now owns 15,526 shares of the industrial products company’s stock worth $3,609,000 after buying an additional 53 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Applied Industrial Technologies Company 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.