Applied Industrial Technologies (NYSE:AIT) Director Madhuri Andrews Sells 3,845 Shares

Applied Industrial Technologies, Inc. (NYSE:AIT) Director Madhuri Andrews sold 3,845 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total value of $1,268,427.05. Following the completion of the sale, the director directly owned 4,951 shares of the company’s stock, valued at approximately $1,633,285.39. The trade was a 43.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Applied Industrial Technologies Price Performance

Shares of AIT opened at $338.19 on Tuesday. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $308.09 and its 200 day simple moving average is $283.24. Applied Industrial Technologies, Inc. has a 1-year low of $223.13 and a 1-year high of $340.37. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 3.22 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $2.57 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. 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. On average, research analysts forecast that Applied Industrial Technologies, Inc. will post 10.71 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

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

Institutional Investors Weigh In On Applied Industrial Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Compound Planning Inc. grew its stake in shares of Applied Industrial Technologies by 4.7% in the fourth quarter. Compound Planning Inc. now owns 822 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 37 shares in the last quarter. US Asset Management LLC boosted its holdings in Applied Industrial Technologies by 3.3% in the 4th quarter. US Asset Management LLC now owns 1,266 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 41 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Applied Industrial Technologies by 7.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 45 shares during the period. Sanctuary Advisors LLC grew its position in shares of Applied Industrial Technologies by 4.5% during the 1st quarter. Sanctuary Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $308,000 after purchasing an additional 50 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Applied Industrial Technologies by 1.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,631 shares of the industrial products company’s stock worth $1,209,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

AIT has been the topic of several research analyst reports. Oppenheimer increased their price objective on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. DA Davidson started coverage on shares of Applied Industrial Technologies in a research report on Tuesday, June 16th. They set a “buy” rating and a $380.00 price objective for the company. Finally, Robert W. Baird set a $317.00 price objective on Applied Industrial Technologies in a report on Wednesday, April 29th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Applied Industrial Technologies has a consensus rating of “Moderate Buy” and an average price target of $323.14.

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.