Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) – Zacks Research boosted their Q2 2027 earnings per share (EPS) estimates for Applied Industrial Technologies in a report released on Wednesday, June 10th. Zacks Research analyst Team now forecasts that the industrial products company will earn $2.71 per share for the quarter, up from their previous forecast of $2.69. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $10.70 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q4 2027 earnings at $3.25 EPS, FY2027 earnings at $11.63 EPS, Q1 2028 earnings at $3.12 EPS, Q3 2028 earnings at $3.19 EPS and FY2028 earnings at $12.70 EPS.
Several other research analysts have also recently issued reports on AIT. KeyCorp increased their price objective on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. 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 Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Oppenheimer increased their price objective on Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Robert W. Baird set a $317.00 price objective on Applied Industrial Technologies in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $313.67.
Applied Industrial Technologies Trading Down 2.5%
NYSE:AIT opened at $314.60 on Thursday. The stock has a fifty day moving average price of $299.16 and a two-hundred day moving average price of $279.13. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 3.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95. Applied Industrial Technologies has a 1 year low of $223.13 and a 1 year high of $326.41.
Applied Industrial Technologies (NYSE:AIT – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations 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 was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.57 earnings per share. 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.
Institutional Trading of Applied Industrial Technologies
Large investors have recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in Applied Industrial Technologies by 22.7% in the third quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock valued at $243,577,000 after purchasing an additional 172,857 shares during the last quarter. Distillate Capital Partners LLC acquired a new stake in shares of Applied Industrial Technologies during the third quarter valued at $13,281,000. Citigroup Inc. boosted its stake in shares of Applied Industrial Technologies by 44.4% during the third quarter. Citigroup Inc. now owns 30,319 shares of the industrial products company’s stock valued at $7,915,000 after acquiring an additional 9,321 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Applied Industrial Technologies by 6.4% during the third quarter. Westfield Capital Management Co. LP now owns 234,734 shares of the industrial products company’s stock valued at $61,277,000 after acquiring an additional 14,094 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Applied Industrial Technologies by 91.4% during the third quarter. Barclays PLC now owns 100,244 shares of the industrial products company’s stock valued at $26,169,000 after acquiring an additional 47,868 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.
Insiders Place Their Bets
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 sale, the vice president owned 40,751 shares of the company’s stock, valued at approximately $12,471,436.04. This represents a 16.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
Applied Industrial Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.51 dividend. 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 19.26%.
About Applied Industrial Technologies
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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