Applied Industrial Technologies (NYSE:AIT) Stock Gets Price Target Cut from Mizuho

Posted by Brian Himes on Oct 15th, 2026

Applied Industrial Technologies (NYSE:AIT – Get Free Report) had its target price decreased by research analysts at Mizuho from $400.00 to $390.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Mizuho’s target price indicates a potential upside of 16.41% from the stock’s current price.

Several other analysts also recently issued reports on AIT. KeyCorp boosted their price objective on Applied Industrial Technologies from $375.00 to $420.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Weiss Ratings upgraded shares of Applied Industrial Technologies from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Sunday. Bank of America lifted their target price on shares of Applied Industrial Technologies from $380.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, 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 report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $398.33.

Read Our Latest Stock Analysis on AIT

Applied Industrial Technologies Stock Performance

AIT opened at $335.02 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. The firm has a market cap of $12.31 billion, a PE ratio of 30.37, a P/E/G ratio of 2.67 and a beta of 0.85. The business has a fifty day simple moving average of $335.39 and a 200-day simple moving average of $321.43. Applied Industrial Technologies has a fifty-two week low of $238.72 and a fifty-two week high of $374.80.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last announced its earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.25. Applied Industrial Technologies had a return on equity of 22.17% and a net margin of 8.35%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $2.80 earnings per share. Applied Industrial Technologies’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. As a group, equities analysts predict that Applied Industrial Technologies will post 11.96 EPS for the current fiscal year.

Insider Buying and Selling at Applied Industrial Technologies

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

Institutional Investors Weigh In On Applied Industrial Technologies

A number of institutional investors have recently bought and sold shares of AIT. BlackRock Inc. bought a new stake in shares of Applied Industrial Technologies during the 2nd quarter worth about $1,336,805,000. Bank of New York Mellon Corp acquired a new position in Applied Industrial Technologies in the 2nd quarter valued at $93,672,000. First Trust Advisors LP grew its stake in 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 buying an additional 249,961 shares during the last quarter. Bank of America Corp DE bought a new position in Applied Industrial Technologies in the 2nd quarter worth $70,948,000. Finally, Caisse de depot et placement du Quebec bought a new position in Applied Industrial Technologies in the 2nd quarter worth $49,539,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

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.