Applied Industrial Technologies, Inc. $AIT Shares Sold by Royal Bank of Canada

Posted by Brian Himes on Aug 11th, 2026

Royal Bank of Canada lowered its stake in Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) by 76.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,996 shares of the industrial products company’s stock after selling 99,436 shares during the period. Royal Bank of Canada’s holdings in Applied Industrial Technologies were worth $8,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Corient Private Wealth LLC boosted its stake in shares of Applied Industrial Technologies by 22,451.0% during the 4th quarter. Corient Private Wealth LLC now owns 585,423 shares of the industrial products company’s stock worth $150,319,000 after acquiring an additional 582,827 shares in the last quarter. Norges Bank acquired a new stake in shares of Applied Industrial Technologies during the fourth quarter worth $125,044,000. M&T Bank Corp lifted its holdings in shares of Applied Industrial Technologies by 33,181.4% during the fourth quarter. M&T Bank Corp now owns 300,864 shares of the industrial products company’s stock valued at $81,322,000 after purchasing an additional 299,960 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Applied Industrial Technologies by 4,933.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 264,575 shares of the industrial products company’s stock valued at $67,935,000 after purchasing an additional 259,319 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Applied Industrial Technologies by 34.3% in the 1st quarter. First Trust Advisors LP now owns 978,840 shares of the industrial products company’s stock valued at $259,706,000 after purchasing an additional 249,961 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Applied Industrial Technologies Trading Down 0.4%

NYSE:AIT opened at $358.43 on Tuesday. The stock has a market cap of $13.25 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.84. Applied Industrial Technologies, Inc. has a fifty-two week low of $238.34 and a fifty-two week high of $362.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97. The stock’s 50-day moving average is $333.54 and its two-hundred day moving average is $301.38.

Applied Industrial Technologies Dividend Announcement

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

Insider Buying and Selling

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total value of $1,268,427.05. Following the transaction, the director owned 4,951 shares in the company, valued at approximately $1,633,285.39. This represents a 43.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

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 stock an “outperform” rating in a research note on Tuesday, July 21st. Oppenheimer raised their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. DA Davidson assumed coverage on shares of Applied Industrial Technologies in a research report on Tuesday, June 16th. They issued a “buy” rating and a $380.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Tuesday, July 21st. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.71.

Check Out Our Latest Report on Applied Industrial Technologies

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.