PNC Financial Services Group Inc. Has $5.54 Million Stock Position in Applied Industrial Technologies, Inc. $AIT

Posted by George Bondi on May 25th, 2026

PNC Financial Services Group Inc. raised its position in Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) by 40.8% in the 4th quarter, HoldingsChannel reports. The fund owned 21,572 shares of the industrial products company’s stock after purchasing an additional 6,254 shares during the period. PNC Financial Services Group Inc.’s holdings in Applied Industrial Technologies were worth $5,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AIT. Capital International Investors acquired a new position in Applied Industrial Technologies in the 3rd quarter valued at approximately $200,456,000. M&T Bank Corp raised its holdings in shares of Applied Industrial Technologies by 33,181.4% in the 4th quarter. M&T Bank Corp now owns 300,864 shares of the industrial products company’s stock worth $81,322,000 after buying an additional 299,960 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Applied Industrial Technologies by 1,628.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 196,946 shares of the industrial products company’s stock worth $50,570,000 after buying an additional 185,553 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Applied Industrial Technologies by 22.7% in the 3rd quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock worth $243,577,000 after buying an additional 172,857 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of Applied Industrial Technologies by 69.2% in the 2nd quarter. Royal London Asset Management Ltd. now owns 393,743 shares of the industrial products company’s stock worth $91,526,000 after buying an additional 161,048 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Ratings Changes

AIT has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Wall Street Zen cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer increased their target price on Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. KeyCorp increased their target price on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, Robert W. Baird set a $317.00 target price on Applied Industrial Technologies in a report on Wednesday, April 29th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $313.67.

View Our Latest Analysis on Applied Industrial Technologies

Applied Industrial Technologies Stock Up 0.1%

NYSE AIT opened at $307.39 on Monday. The firm has a market cap 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. Applied Industrial Technologies, Inc. has a one year low of $218.48 and a one year high of $317.10. The stock’s 50 day simple moving average is $285.68 and its 200 day simple moving average is $273.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $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, sell-side analysts forecast that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 15th. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 19.26%.

Trending Headlines about Applied Industrial Technologies

Here are the key news stories impacting Applied Industrial Technologies this week:

Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.68 from $10.58, suggesting stronger expected earnings this year. Applied Industrial Technologies stock page
Positive Sentiment: The firm also increased FY2027 EPS to $11.60 from $11.48 and FY2028 EPS to $12.67 from $12.62, reinforcing a bullish longer-term earnings trend. Applied Industrial Technologies stock page
Positive Sentiment: Quarterly estimates for Q1 2027, Q3 2027, and Q3 2028 were all nudged higher, which may support investor confidence in AIT’s operating momentum. Applied Industrial Technologies stock page
Neutral Sentiment: One outlier was a cut to the Q2 2028 EPS estimate to $2.87 from $3.00, but this was offset by increases in several other periods. Applied Industrial Technologies stock page
Neutral Sentiment: Most of the revisions are small, so the stock’s move likely reflects modest analyst optimism rather than a major new catalyst. Applied Industrial Technologies stock page

Insider Buying and Selling

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of the 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 directly 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 is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

About Applied Industrial Technologies

(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.