VELA Investment Management LLC Has $3.64 Million Stock Position in Applied Industrial Technologies, Inc. $AIT

Posted by Geri Gentry on Sep 8th, 2026

VELA Investment Management LLC lessened its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) by 17.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,777 shares of the industrial products company’s stock after selling 2,262 shares during the quarter. VELA Investment Management LLC’s holdings in Applied Industrial Technologies were worth $3,644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Anchor Investment Management LLC bought a new stake in Applied Industrial Technologies in the 4th quarter valued at about $32,000. Global Retirement Partners LLC bought a new position in Applied Industrial Technologies in the second quarter worth approximately $37,000. Kilter Group LLC bought a new position in Applied Industrial Technologies in the second quarter worth approximately $40,000. Smartleaf Asset Management LLC grew its stake in Applied Industrial Technologies by 78.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 78 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Applied Industrial Technologies in the fourth quarter valued at approximately $46,000. Institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

AIT has been the topic of a number of research reports. Wall Street Zen raised Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Tuesday, July 21st. Oppenheimer boosted their price target on shares of Applied Industrial Technologies from $350.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Mizuho upped their price objective on shares of Applied Industrial Technologies from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Bank of America raised their price objective on shares of Applied Industrial Technologies from $380.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Applied Industrial Technologies has an average rating of “Buy” and an average price target of $400.00.

Read Our Latest Report on AIT

Applied Industrial Technologies Stock Performance

Shares of AIT stock opened at $325.36 on Tuesday. The firm has a 50-day moving average of $338.98 and a 200-day moving average of $310.01. The company has a market cap of $11.94 billion, a P/E ratio of 29.69, a P/E/G ratio of 2.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.75. Applied Industrial Technologies, Inc. has a one year low of $238.34 and a one year high of $374.80.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.25. Applied Industrial Technologies had a net margin of 8.35% and a return on equity of 22.17%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $2.80 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. Equities research analysts forecast that Applied Industrial Technologies, Inc. will post 11.96 EPS for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, August 14th. Applied Industrial Technologies’s dividend payout ratio (DPR) is 18.61%.

Insiders Place Their Bets

In other Applied Industrial Technologies news, CFO David Wells sold 1,812 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $355.10, for a total value of $643,441.20. Following the completion of the transaction, the chief financial officer owned 32,050 shares in the company, valued at $11,380,955. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Wallace sold 1,904 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $340.45, for a total value of $648,216.80. Following the sale, the director directly owned 22,859 shares of the company’s stock, valued at approximately $7,782,346.55. This represents a 7.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,561 shares of company stock valued at $2,560,085. Insiders own 1.60% of the company’s stock.

Applied Industrial Technologies 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.