First Trust Advisors LP Has $259.71 Million Holdings in Applied Industrial Technologies, Inc. $AIT

Posted by George Bondi on Jul 23rd, 2026

First Trust Advisors LP lifted its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) by 34.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 978,840 shares of the industrial products company’s stock after purchasing an additional 249,961 shares during the quarter. First Trust Advisors LP’s holdings in Applied Industrial Technologies were worth $259,706,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AIT. Torren Management LLC acquired a new stake in Applied Industrial Technologies in the 4th quarter valued at $25,000. Anchor Investment Management LLC acquired a new position in Applied Industrial Technologies during the fourth quarter worth $32,000. V Square Quantitative Management LLC acquired a new position in Applied Industrial Technologies during the fourth quarter worth $34,000. Allworth Financial LP lifted its stake in shares of Applied Industrial Technologies by 446.4% in the third quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock valued at $40,000 after buying an additional 125 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Applied Industrial Technologies by 78.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock valued at $46,000 after buying an additional 78 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Insider Activity

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the sale, the vice president directly owned 40,751 shares of the company’s stock, valued at $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 available through this link. Also, Director Madhuri A. Andrews sold 3,845 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the sale, the director directly owned 4,951 shares in the company, valued at approximately $1,633,285.39. This trade represents a 43.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Price Performance

Applied Industrial Technologies stock opened at $341.48 on Thursday. The business’s 50 day simple moving average is $322.43 and its 200 day simple moving average is $294.24. Applied Industrial Technologies, Inc. has a 12 month low of $238.34 and a 12 month high of $345.48. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.95 and a beta of 0.83. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The business had revenue of $1.25 billion during 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%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last 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. Sell-side analysts forecast that Applied Industrial Technologies, Inc. will post 10.71 EPS for the current year.

Applied Industrial Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio is presently 19.26%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AIT. Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Mizuho lifted their price target on Applied Industrial Technologies from $330.00 to $355.00 and gave the company an “outperform” rating in a research note on Tuesday. Oppenheimer lifted their price target on Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. DA Davidson initiated coverage on Applied Industrial Technologies in a research note on Tuesday, June 16th. They issued a “buy” rating and a $380.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $336.71.

Check Out Our Latest Stock Report 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.