Alamea Verwaltungs GmbH Purchases New Position in Applied Industrial Technologies, Inc. $AIT

Alamea Verwaltungs GmbH purchased a new stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,710 shares of the industrial products company’s stock, valued at approximately $706,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Torren Management LLC bought a new position in Applied Industrial Technologies during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC boosted its stake 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 valued at $26,000 after buying an additional 89 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Applied Industrial Technologies during the third quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in Applied Industrial Technologies during the fourth quarter valued at approximately $34,000. Finally, Allworth Financial LP boosted its stake in 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 during the last quarter. 93.52% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Warren E. Hoffner III sold 8,000 shares of Applied Industrial Technologies stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total value of $2,448,320.00. Following the transaction, the vice president directly owned 40,751 shares in the company, valued at approximately $12,471,436.04. This trade represents a 16.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Applied Industrial Technologies Trading Up 0.2%

AIT opened at $319.51 on Friday. The stock’s fifty day moving average is $301.24 and its two-hundred day moving average is $279.90. The company has a market capitalization of $11.81 billion, a P/E ratio of 30.17, a PEG ratio of 3.05 and a beta of 0.84. Applied Industrial Technologies, Inc. has a 52 week low of $223.13 and a 52 week high of $326.41. The company has a quick ratio of 1.97, a current ratio of 2.95 and a debt-to-equity ratio of 0.19.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $2.57 EPS. Applied Industrial Technologies’s quarterly revenue 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 forecast that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current year.

Applied Industrial Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.51 dividend. The ex-dividend date 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 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.