Key Points
- Warren Hoffner III, a vice president at Applied Industrial Technologies, sold 8,000 shares on May 5 at an average price of $306.04 for about $2.45 million, reducing his stake by 16.41% to 40,751 shares (valued ~ $12.47 million).
- Applied Industrial Technologies slightly beat quarterly estimates with $2.65 EPS and $1.25 billion in revenue (up 7.3% year-over-year), and provided FY2026 guidance of $10.64–$10.75 EPS while analysts maintain a consensus "Moderate Buy" and an average target near $313.67.
- The company declared a quarterly dividend of $0.51 ($2.04 annualized, ~0.6% yield) and trades with a market cap of about $11.7 billion and a trailing P/E around 29.9.
Applied Industrial Technologies, Inc. (NYSE:AIT - Get Free Report) VP Warren Hoffner III sold 8,000 shares of the company's stock in a transaction dated 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 transaction, the vice president 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
Applied Industrial Technologies Stock Performance
Applied Industrial Technologies stock opened at $316.17 on Thursday. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19. Applied Industrial Technologies, Inc. has a 1 year low of $213.78 and a 1 year high of $316.46. The company has a market cap of $11.69 billion, a PE ratio of 29.86, a PEG ratio of 2.91 and a beta of 0.86. The company's 50-day moving average is $277.89 and its two-hundred day moving average is $269.20.
Applied Industrial Technologies (NYSE:AIT - Get Free Report) 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 net margin of 8.34% and a return on equity of 21.64%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $2.57 EPS. The company'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. Equities analysts anticipate 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 will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.51 dividend. The ex-dividend date of this dividend is 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 is 19.26%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Robert W. Baird set a $317.00 price objective on shares of Applied Industrial Technologies in a report on Wednesday, April 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Applied Industrial Technologies in a research note on Friday, April 24th. KeyCorp raised their target price on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Finally, Wall Street Zen cut shares of Applied Industrial Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Applied Industrial Technologies presently has an average rating of "Moderate Buy" and an average target price of $313.67.
Check Out Our Latest Report on AIT
Hedge Funds Weigh In On Applied Industrial Technologies
A number of institutional investors and hedge funds have recently modified their holdings of AIT. Torren Management LLC bought a new position in shares of Applied Industrial Technologies during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Applied Industrial Technologies by 890.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company's stock worth $26,000 after buying an additional 89 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Applied Industrial Technologies during the 3rd quarter worth approximately $27,000. Abich Financial Wealth Management LLC bought a new position in shares of Applied Industrial Technologies during the 3rd quarter worth approximately $29,000. Finally, Anchor Investment Management LLC bought a new position in shares of Applied Industrial Technologies during the 4th quarter worth approximately $32,000. 93.52% of the stock is currently owned by institutional investors.
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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