Applied Industrial Technologies, Inc. $AIT Shares Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. increased its stake in Applied Industrial Technologies, Inc. (NYSE:AIT) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,582 shares of the industrial products company’s stock after acquiring an additional 120 shares during the period. Johnson Investment Counsel Inc.’s holdings in Applied Industrial Technologies were worth $2,925,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AIT. GAMMA Investing LLC lifted its position in Applied Industrial Technologies by 2.9% during the second quarter. GAMMA Investing LLC now owns 1,453 shares of the industrial products company’s stock valued at $338,000 after buying an additional 41 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Applied Industrial Technologies by 31.1% during the first quarter. First Horizon Advisors Inc. now owns 215 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 51 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Applied Industrial Technologies by 4.5% during the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 58 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Applied Industrial Technologies by 9.9% during the second quarter. Contravisory Investment Management Inc. now owns 645 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 58 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of Applied Industrial Technologies by 3.7% during the first quarter. Jump Financial LLC now owns 1,895 shares of the industrial products company’s stock worth $427,000 after purchasing an additional 68 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Applied Industrial Technologies news, VP Jason W. Vasquez sold 7,466 shares of Applied Industrial Technologies stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $260.08, for a total value of $1,941,757.28. Following the completion of the transaction, the vice president owned 14,491 shares of the company’s stock, valued at $3,768,819.28. The trade was a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Kurt W. Loring sold 8,523 shares of Applied Industrial Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $267.06, for a total transaction of $2,276,152.38. Following the completion of the transaction, the vice president directly owned 19,273 shares of the company’s stock, valued at approximately $5,147,047.38. This represents a 30.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,660 shares of company stock valued at $11,217,980 over the last 90 days. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Bank of America boosted their target price on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Wall Street Zen raised shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Wednesday, October 8th. Finally, Raymond James Financial cut shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, August 15th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Applied Industrial Technologies Stock Down 2.1%

Shares of NYSE:AIT opened at $245.81 on Monday. The firm has a market cap of $9.28 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.60 and a beta of 0.96. The company has a fifty day simple moving average of $262.58 and a 200 day simple moving average of $244.79. The company has a current ratio of 3.32, a quick ratio of 2.36 and a debt-to-equity ratio of 0.31. Applied Industrial Technologies, Inc. has a 12-month low of $199.96 and a 12-month high of $282.98.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.20. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.78%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.64 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS. On average, equities research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Profile

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.