What is Zacks Research’s Estimate for AIT Q2 Earnings?

Applied Industrial Technologies, Inc. (NYSE:AIT) – Analysts at Zacks Research raised their Q2 2027 earnings estimates for shares of Applied Industrial Technologies in a research report issued to clients and investors on Thursday, April 2nd. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.70 per share for the quarter, up from their previous estimate of $2.69. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q3 2027 earnings at $2.80 EPS and Q3 2028 earnings at $3.15 EPS.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $2.39 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS.

Several other research analysts also recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Wall Street Zen downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, KeyCorp boosted their price objective on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $294.38.

Applied Industrial Technologies Price Performance

Shares of Applied Industrial Technologies stock opened at $267.04 on Friday. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 2.56 and a beta of 0.82. The firm’s 50-day moving average price is $271.72 and its two-hundred day moving average price is $263.89. The company has a current ratio of 3.68, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. Applied Industrial Technologies has a 1-year low of $199.96 and a 1-year high of $296.70.

Applied Industrial Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.51 per share. The ex-dividend date was Friday, February 13th. This is a positive change from Applied Industrial Technologies’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.8%. Applied Industrial Technologies’s dividend payout ratio (DPR) is currently 19.41%.

Insider Activity

In related news, 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 transaction, the vice president owned 14,491 shares in the company, valued at $4,171,524.17. The trade was a 27.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Warren E. Hoffner III sold 4,000 shares of the company’s stock in a transaction on 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 transaction, the vice president directly owned 52,751 shares in the company, valued at approximately $15,224,993.62. This represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 28,654 shares of company stock valued at $8,212,829 over the last three months. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AIT. Wolverine Asset Management LLC acquired a new position in Applied Industrial Technologies during the 3rd quarter valued at about $1,044,000. Alps Advisors Inc. grew its position in shares of Applied Industrial Technologies by 33.0% during the 3rd quarter. Alps Advisors Inc. now owns 32,824 shares of the industrial products company’s stock worth $8,569,000 after buying an additional 8,153 shares during the period. Citigroup Inc. grew its position in shares of Applied Industrial Technologies by 44.4% during the 3rd quarter. Citigroup Inc. now owns 30,319 shares of the industrial products company’s stock worth $7,915,000 after buying an additional 9,321 shares during the period. AlphaQuest LLC raised its stake in shares of Applied Industrial Technologies by 210.3% during the third quarter. AlphaQuest LLC now owns 12,789 shares of the industrial products company’s stock worth $3,339,000 after buying an additional 8,668 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Applied Industrial Technologies by 22.7% during the third quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock worth $243,577,000 after buying an additional 172,857 shares during the last quarter. 93.52% of the stock is currently owned by 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.