Maridea Wealth Management LLC Purchases New Holdings in Applied Industrial Technologies, Inc. $AIT

Maridea Wealth Management LLC acquired a new position in Applied Industrial Technologies, Inc. (NYSE:AIT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,074 shares of the industrial products company’s stock, valued at approximately $532,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Applied Industrial Technologies by 3.6% during the 4th quarter. GAMMA Investing LLC now owns 1,585 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 55 shares during the period. AIA Group Ltd acquired a new stake in shares of Applied Industrial Technologies in the third quarter worth $837,000. Tudor Investment Corp ET AL boosted its position in shares of Applied Industrial Technologies by 39.8% in the third quarter. Tudor Investment Corp ET AL now owns 124,185 shares of the industrial products company’s stock worth $32,418,000 after buying an additional 35,374 shares during the period. Allworth Financial LP grew its holdings in shares of Applied Industrial Technologies by 446.4% during the third quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock valued at $40,000 after buying an additional 125 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its holdings in shares of Applied Industrial Technologies by 76.9% during the third quarter. Swiss Life Asset Management Ltd now owns 1,755 shares of the industrial products company’s stock valued at $458,000 after buying an additional 763 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Applied Industrial Technologies Trading Down 1.2%

Shares of NYSE:AIT opened at $253.46 on Monday. The firm has a fifty day moving average of $274.90 and a two-hundred day moving average of $263.92. The company has a quick ratio of 2.56, a current ratio of 3.68 and a debt-to-equity ratio of 0.31. Applied Industrial Technologies, Inc. has a 12-month low of $199.96 and a 12-month high of $296.70. The firm has a market capitalization of $9.45 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 2.43 and a beta of 0.80.

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

Applied Industrial Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.8%. This is an increase from Applied Industrial Technologies’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 13th. Applied Industrial Technologies’s dividend payout ratio is presently 19.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Wall Street Zen lowered Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, KeyCorp lifted their target price on Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $294.38.

Insiders Place Their Bets

In other news, CEO Neil A. Schrimsher sold 19,207 shares of Applied Industrial Technologies stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $285.85, for a total transaction of $5,490,320.95. Following the completion of the sale, the chief executive officer directly owned 130,528 shares in the company, valued at $37,311,428.80. The trade was a 12.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jason W. Vasquez sold 5,447 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $287.87, for a total value 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. The trade was a 27.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,654 shares of company stock valued at $8,212,829 in the last three months. Insiders own 1.60% of the company’s stock.

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.