Key Points
- Director Madhuri Andrews sold 3,845 shares of Applied Industrial Technologies on June 18 at an average price of $329.89, for total proceeds of about $1.27 million. The sale reduced her stake by 43.71%.
- Applied Industrial Technologies recently reported strong quarterly results, with EPS of $2.65 and revenue of $1.25 billion, both slightly ahead of analyst expectations. Revenue rose 7.3% year over year, and the company also reaffirmed upbeat FY 2026 guidance.
- Analyst sentiment remains positive overall, with six Buy ratings and one Hold, and a consensus price target of $323.14. Oppenheimer and KeyCorp both raised their targets, while the stock’s recent trading level is near its 52-week high.
Applied Industrial Technologies, Inc. (NYSE:AIT - Get Free Report) Director Madhuri Andrews sold 3,845 shares of the firm's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $329.89, for a total value of $1,268,427.05. Following the transaction, the director owned 4,951 shares in the company, valued at approximately $1,633,285.39. This trade represents a 43.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Applied Industrial Technologies Price Performance
Shares of NYSE AIT opened at $338.19 on Tuesday. The stock has a market capitalization of $12.50 billion, a PE ratio of 31.93, a P/E/G ratio of 3.22 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97. The business has a fifty day moving average price of $308.09 and a two-hundred day moving average price of $283.24. Applied Industrial Technologies, Inc. has a fifty-two week low of $223.13 and a fifty-two week high of $340.37.
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 for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.57 EPS. 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. As a group, equities analysts predict that Applied Industrial Technologies, Inc. will post 10.71 earnings per share for the current fiscal year.
Applied Industrial Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.04 annualized dividend and a yield of 0.6%. Applied Industrial Technologies's dividend payout ratio is currently 19.26%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Oppenheimer raised their target price 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Applied Industrial Technologies in a research report on Friday, April 24th. 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. KeyCorp boosted their price objective on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. Finally, Robert W. Baird set a $317.00 target price on Applied Industrial Technologies in a research note on Wednesday, April 29th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $323.14.
Get Our Latest Research Report on Applied Industrial Technologies
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in shares of Applied Industrial Technologies by 57.8% in the 1st quarter. Empowered Funds LLC now owns 2,201 shares of the industrial products company's stock valued at $584,000 after purchasing an additional 806 shares in the last quarter. NewEdge Advisors LLC boosted its position in Applied Industrial Technologies by 6.3% in the first quarter. NewEdge Advisors LLC now owns 3,763 shares of the industrial products company's stock valued at $998,000 after buying an additional 223 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Applied Industrial Technologies by 15.5% during the first quarter. Segall Bryant & Hamill LLC now owns 110,642 shares of the industrial products company's stock worth $29,356,000 after buying an additional 14,863 shares during the last quarter. Verus Capital Partners LLC grew its stake in shares of Applied Industrial Technologies by 29.5% during the first quarter. Verus Capital Partners LLC now owns 1,081 shares of the industrial products company's stock worth $287,000 after buying an additional 246 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Applied Industrial Technologies by 6.2% during the first quarter. Janus Henderson Group PLC now owns 17,252 shares of the industrial products company's stock worth $4,579,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.
About Applied Industrial Technologies
(
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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