SG Americas Securities LLC Grows Position in Applied Industrial Technologies, Inc. $AIT

SG Americas Securities LLC grew its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 11,093.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,894 shares of the industrial products company’s stock after buying an additional 60,350 shares during the period. SG Americas Securities LLC owned 0.16% of Applied Industrial Technologies worth $15,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in Applied Industrial Technologies by 890.0% during the third quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 89 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Applied Industrial Technologies in the 3rd quarter valued at about $27,000. Abich Financial Wealth Management LLC acquired a new stake in Applied Industrial Technologies in the 3rd quarter valued at about $29,000. Allworth Financial LP lifted its stake in Applied Industrial Technologies by 446.4% in the 3rd quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 125 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of Applied Industrial Technologies during the 3rd quarter worth approximately $47,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Neil A. Schrimsher sold 19,207 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 130,528 shares in the company, valued at approximately $37,311,428.80. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Warren E. Hoffner III sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $288.62, for a total value 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. The trade was a 7.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,654 shares of company stock valued at $8,212,829 in the last quarter. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIT has been the subject of a number of analyst reports. KeyCorp upped their price target on Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Applied Industrial Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $294.38.

Applied Industrial Technologies Stock Down 0.1%

Shares of NYSE AIT opened at $260.30 on Friday. The company has a market capitalization of $9.71 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.68 and a quick ratio of 2.56. The company has a 50 day simple moving average of $273.29 and a 200-day simple moving average of $263.85. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $296.70.

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

Applied Industrial Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.51 dividend. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.04 annualized dividend and a dividend yield of 0.8%. Applied Industrial Technologies’s dividend payout ratio is currently 19.41%.

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.