Diversified Trust Co Invests $1.33 Million in Applied Industrial Technologies, Inc. $AIT

Diversified Trust Co acquired a new position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the first quarter, HoldingsChannel reports. The firm acquired 5,030 shares of the industrial products company’s stock, valued at approximately $1,335,000.

Other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC increased its holdings in Applied Industrial Technologies by 85.4% during the 4th quarter. Hsbc Holdings PLC now owns 33,807 shares of the industrial products company’s stock worth $8,733,000 after purchasing an additional 15,572 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Applied Industrial Technologies by 18.8% in the 4th quarter. Corient Private Wealth LLC now owns 3,085 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 489 shares during the period. Clearwave Capital LLC bought a new stake in shares of Applied Industrial Technologies in the fourth quarter valued at about $316,000. Anchor Investment Management LLC bought a new stake in shares of Applied Industrial Technologies in the fourth quarter valued at about $32,000. Finally, BDFS Capital LLC acquired a new position in shares of Applied Industrial Technologies during the fourth quarter worth about $392,000. 93.52% of the stock is owned by institutional investors.

Insider Activity at Applied Industrial Technologies

In related news, Director Madhuri A. Andrews sold 3,845 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the transaction, the director directly owned 4,951 shares in the company, valued at approximately $1,633,285.39. The trade was a 43.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Warren E. Hoffner III sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the sale, the vice president directly owned 40,751 shares in the company, valued at $12,471,436.04. This trade represents a 16.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AIT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Friday, April 24th. KeyCorp upped their price target 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. Oppenheimer raised their price target on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. DA Davidson started coverage on shares of Applied Industrial Technologies in a research note on Tuesday, June 16th. They set a “buy” rating and a $380.00 price target for the company. Finally, Robert W. Baird set a $317.00 price objective on shares of Applied Industrial Technologies in a report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Applied Industrial Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $323.14.

Applied Industrial Technologies Trading Down 2.2%

Applied Industrial Technologies stock opened at $330.73 on Wednesday. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 3.22 and a beta of 0.84. The firm has a 50-day moving average of $308.92 and a 200-day moving average of $283.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97. Applied Industrial Technologies, Inc. has a one year low of $223.13 and a one year high of $340.37.

Applied Industrial Technologies (NYSE:AIT) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating 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 business 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. 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. On average, equities analysts expect 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 declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 0.6%. Applied Industrial Technologies’s payout ratio is 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.