Key Points
- VP Jason Vasquez sold 5,447 shares on Feb. 5 at an average price of $287.87 for about $1.57M, trimming his position by 27.32% to 14,491 shares valued around $4.17M.
- Operational results and payout: Applied Industrial beat EPS estimates with $2.51 for the quarter (revenue +8.4% YoY), set FY2026 EPS guidance of 10.45–10.75, and increased the quarterly dividend to $0.51 (annual $2.04; yield 0.7%).
- Market and analyst context: AIT shares trade near their 1-year high (~$292) with a $10.9B market cap and a consensus "Moderate Buy" from analysts with an average target of $290.63.
Applied Industrial Technologies, Inc. (NYSE:AIT - Get Free Report) VP Warren Hoffner III sold 4,000 shares of Applied Industrial Technologies stock in a transaction that occurred 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 sale, the vice president directly owned 52,751 shares in the company, valued at $15,224,993.62. The trade was a 7.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Applied Industrial Technologies Stock Performance
Shares of NYSE AIT opened at $292.27 on Friday. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.92 and a beta of 0.84. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $295.26. The business has a fifty day simple moving average of $267.30 and a 200 day simple moving average of $262.41. 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 (NYSE:AIT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $2.39 EPS. The business'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. Sell-side analysts expect that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.
Applied Industrial Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is 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 yield of 0.7%. Applied Industrial Technologies's dividend payout ratio (DPR) is presently 17.51%.
Hedge Funds Weigh In On Applied Industrial Technologies
Institutional investors have recently bought and sold shares of the business. US Asset Management LLC grew its holdings in shares of Applied Industrial Technologies by 3.3% during the fourth quarter. US Asset Management LLC now owns 1,266 shares of the industrial products company's stock worth $325,000 after purchasing an additional 41 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Applied Industrial Technologies by 3.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,410 shares of the industrial products company's stock worth $369,000 after buying an additional 45 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Applied Industrial Technologies by 7.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company's stock worth $170,000 after buying an additional 45 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in 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 acquiring an additional 51 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in Applied Industrial Technologies by 0.3% in the 2nd quarter. Ritholtz Wealth Management now owns 15,526 shares of the industrial products company's stock valued at $3,609,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 93.52% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on AIT. Weiss Ratings reissued a "buy (b)" rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Wall Street Zen cut Applied Industrial Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a report on Wednesday, October 29th. Finally, KeyCorp reduced their target price on shares of Applied Industrial Technologies from $310.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $290.63.
Check Out Our Latest Stock Report on Applied Industrial Technologies
Applied Industrial Technologies Company Profile
(
Get Free Report)
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.
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