Applied Industrial Technologies (NYSE:AIT) Stock Lifted to “Buy” by Wall Street Zen

Posted by Geri Gentry on Oct 12th, 2026

Wall Street Zen upgraded shares of Applied Industrial Technologies (NYSE:AIT – Free Report) from a hold rating to a buy rating in a report released on Sunday,Wall Street Zen reports.

AIT has been the topic of a number of other research reports. Oppenheimer raised their target price 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. Weiss Ratings raised shares of Applied Industrial Technologies from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday. Mizuho upped their price target on shares of Applied Industrial Technologies from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Bank of America increased their price target on Applied Industrial Technologies from $380.00 to $390.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, KeyCorp raised their price objective on Applied Industrial Technologies from $375.00 to $420.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $400.00.

Read Our Latest Stock Analysis on AIT

Applied Industrial Technologies Stock Performance

NYSE AIT opened at $335.59 on Friday. Applied Industrial Technologies has a fifty-two week low of $238.34 and a fifty-two week high of $374.80. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. The business has a fifty day moving average of $336.68 and a 200-day moving average of $319.94. The company has a quick ratio of 1.75, a current ratio of 2.58 and a debt-to-equity ratio of 0.14.

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 (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.25. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Applied Industrial Technologies had a net margin of 8.35% and a return on equity of 22.17%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.80 EPS. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. As a group, analysts predict that Applied Industrial Technologies will post 11.96 earnings per share for the current fiscal year.

Insider Transactions at Applied Industrial Technologies

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Applied Industrial Technologies in the 2nd quarter worth about $1,336,805,000. Bank of New York Mellon Corp purchased a new stake in Applied Industrial Technologies in the 2nd quarter valued at about $93,672,000. First Trust Advisors LP lifted its position in shares of Applied Industrial Technologies by 34.3% during the 1st quarter. First Trust Advisors LP now owns 978,840 shares of the industrial products company’s stock worth $259,706,000 after buying an additional 249,961 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Applied Industrial Technologies during the 2nd quarter worth approximately $70,948,000. Finally, Caisse de depot et placement du Quebec purchased a new position in shares of Applied Industrial Technologies in the 2nd quarter worth approximately $49,539,000. Institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Company Profile

(Get Free Report)

Applied Industrial Technologies, Inc is a distributor and value-added service provider of industrial products and engineered solutions. The company supplies products used to maintain, repair and operate manufacturing, processing, infrastructure and other industrial facilities, including bearings, power-transmission components, fluid-power equipment, industrial motion products, automation technologies, safety products and related supplies.

In addition to distributing products from leading manufacturers, Applied Industrial Technologies provides technical support, engineering, fabrication, repair and maintenance services.