EULAV Asset Management Boosts Stock Position in Applied Industrial Technologies, Inc. $AIT

EULAV Asset Management lifted its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,100 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the period. EULAV Asset Management owned 0.27% of Applied Industrial Technologies worth $26,216,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of Applied Industrial Technologies by 39.5% during the fourth quarter. Parallel Advisors LLC now owns 272 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 77 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Applied Industrial Technologies by 21.5% during the fourth quarter. Westfield Capital Management Co. LP now owns 285,290 shares of the industrial products company’s stock worth $73,254,000 after purchasing an additional 50,556 shares during the period. Vise Technologies Inc. raised its stake in Applied Industrial Technologies by 27.0% in the fourth quarter. Vise Technologies Inc. now owns 993 shares of the industrial products company’s stock worth $255,000 after buying an additional 211 shares in the last quarter. Verus Capital Partners LLC bought a new position in Applied Industrial Technologies in the fourth quarter worth about $214,000. Finally, Bridges Investment Management Inc. boosted its position in Applied Industrial Technologies by 5.2% during the 4th quarter. Bridges Investment Management Inc. now owns 6,998 shares of the industrial products company’s stock valued at $1,797,000 after acquiring an additional 345 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the completion of the transaction, the vice president owned 40,751 shares of the company’s stock, valued at approximately $12,471,436.04. This trade represents a 16.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AIT shares. Wall Street Zen downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer increased their target price on Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. KeyCorp increased their target price on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Robert W. Baird set a $317.00 target price on Applied Industrial Technologies in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $313.67.

Applied Industrial Technologies Price Performance

Shares of NYSE AIT opened at $315.50 on Friday. Applied Industrial Technologies, Inc. has a fifty-two week low of $223.13 and a fifty-two week high of $317.10. The company has a 50 day simple moving average of $295.69 and a two-hundred day simple moving average of $277.30. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 2.99 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. Analysts expect that Applied Industrial Technologies, Inc. will post 10.7 EPS for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio (DPR) is currently 19.26%.

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.