Applied Industrial Technologies, Inc. $AIT Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in Applied Industrial Technologies, Inc. (NYSE:AIT) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,022 shares of the industrial products company’s stock after selling 442 shares during the period. Teacher Retirement System of Texas’ holdings in Applied Industrial Technologies were worth $7,211,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rise Advisors LLC raised its holdings in shares of Applied Industrial Technologies by 111.1% during the first quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares during the period. Maseco LLP acquired a new stake in shares of Applied Industrial Technologies during the second quarter worth $35,000. Wayfinding Financial LLC acquired a new stake in shares of Applied Industrial Technologies during the first quarter worth $38,000. First Horizon Advisors Inc. raised its holdings 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 during the period. Finally, SVB Wealth LLC acquired a new stake in shares of Applied Industrial Technologies during the first quarter worth $48,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIT has been the topic of a number of research reports. Oppenheimer increased their target price on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, Robert W. Baird increased their price objective on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $287.50.

Applied Industrial Technologies Stock Performance

Shares of AIT opened at $256.05 on Friday. The firm’s 50 day moving average is $259.40 and its 200-day moving average is $247.79. The stock has a market capitalization of $9.67 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.61 and a beta of 0.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.36. 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 announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.16. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. Equities research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. Applied Industrial Technologies’s payout ratio is currently 17.71%.

Insider Transactions at Applied Industrial Technologies

In other news, VP Jason W. Vasquez sold 7,466 shares of Applied Industrial Technologies stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kurt W. Loring sold 8,523 shares of Applied Industrial Technologies stock in a transaction that occurred 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 in the company, valued at $5,147,047.38. This represents a 30.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 42,660 shares of company stock valued at $11,217,980 in the last quarter. Insiders own 1.60% of the company’s stock.

About Applied Industrial Technologies

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.