Applied Industrial Technologies (NYSE:AIT) Hits New 52-Week High – Should You Buy?

Posted by Francis Steltz on Jul 31st, 2026

Applied Industrial Technologies, Inc. (NYSE:AIT – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $352.76 and last traded at $348.0040, with a volume of 296036 shares trading hands. The stock had previously closed at $349.31.

Wall Street Analysts Forecast Growth

AIT has been the topic of a number of analyst reports. 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, July 21st. KeyCorp increased their price objective on Applied Industrial Technologies from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Robert W. Baird set a $317.00 target price on Applied Industrial Technologies in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, DA Davidson started coverage on shares of Applied Industrial Technologies in a research note on Tuesday, June 16th. They set a “buy” rating and a $380.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $336.71.

View Our Latest Report on AIT

Applied Industrial Technologies Trading Up 1.8%

The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.88 and a beta of 0.83. The business has a fifty day moving average of $326.83 and a two-hundred day moving average of $297.61. 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 (NYSE:AIT – Get Free Report) last issued 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.57 earnings per share. As a group, equities analysts expect that Applied Industrial Technologies, Inc. will post 10.71 earnings per share for the current fiscal 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 given a $0.51 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio (DPR) is currently 19.26%.

Insider Buying and Selling at Applied Industrial Technologies

In related news, VP Warren E. Hoffner III sold 8,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total value of $2,448,320.00. Following the sale, the vice president directly owned 40,751 shares of the company’s stock, valued at approximately $12,471,436.04. This represents a 16.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Madhuri A. Andrews sold 3,845 shares of the 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 completion of the sale, the director directly owned 4,951 shares in the company, valued at approximately $1,633,285.39. The trade was a 43.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Applied Industrial Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIT. Torren Management LLC purchased a new stake in shares of Applied Industrial Technologies in the fourth quarter valued at about $25,000. Anchor Investment Management LLC acquired a new stake in shares of Applied Industrial Technologies in the fourth quarter valued at approximately $32,000. V Square Quantitative Management LLC purchased a new position in shares of Applied Industrial Technologies during the 4th quarter worth approximately $34,000. Smartleaf Asset Management LLC increased its stake in shares of Applied Industrial Technologies by 78.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 78 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Applied Industrial Technologies during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

About Applied Industrial Technologies

(Get 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.