Thrivent Financial for Lutherans Raises Stock Holdings in Applied Industrial Technologies, Inc. $AIT

Posted by Geri Gentry on May 17th, 2026

Thrivent Financial for Lutherans raised its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) by 1,628.7% during the 4th quarter, Holdings Channel reports. The fund owned 196,946 shares of the industrial products company’s stock after purchasing an additional 185,553 shares during the period. Thrivent Financial for Lutherans’ holdings in Applied Industrial Technologies were worth $50,570,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Torren Management LLC purchased a new stake in shares of Applied Industrial Technologies during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its holdings in 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 valued at $26,000 after buying an additional 89 shares during the period. Root Financial Partners LLC purchased a new stake in Applied Industrial Technologies during the 3rd quarter valued at $27,000. Abich Financial Wealth Management LLC purchased a new stake in Applied Industrial Technologies during the 3rd quarter valued at $29,000. Finally, V Square Quantitative Management LLC purchased a new stake in Applied Industrial Technologies during the 4th quarter valued at $34,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total value of $2,448,320.00. Following the transaction, the vice president owned 40,751 shares of the company’s stock, valued at $12,471,436.04. This represents a 16.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Applied Industrial Technologies Stock Performance

Shares of Applied Industrial Technologies stock opened at $307.46 on Friday. The stock’s fifty day moving average is $282.03 and its two-hundred day moving average is $271.85. The company has a market capitalization of $11.36 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The company has a quick ratio of 1.97, a current ratio of 2.95 and a debt-to-equity ratio of 0.19. Applied Industrial Technologies, Inc. has a 52 week low of $218.48 and a 52 week high of $317.10.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.63 by $0.02. The company had revenue of $1.25 billion for 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%.Applied Industrial Technologies’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter 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, analysts expect that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current year.

Applied Industrial Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. Applied Industrial Technologies’s dividend payout ratio is 19.26%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen lowered Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Robert W. Baird set a $317.00 price target on Applied Industrial Technologies in a report on Wednesday, April 29th. Oppenheimer increased their price target on 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 restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Finally, KeyCorp increased their price target on Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Industrial Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $313.67.

Check Out Our Latest Stock Analysis on Applied Industrial Technologies

Applied Industrial Technologies Company Profile

(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.