Applied Industrial Technologies (NYSE: AIT) recently received a number of ratings updates from brokerages and research firms:
- 10/15/2026 – Applied Industrial Technologies had its price target lowered by Mizuho from $400.00 to $390.00. They now have an “outperform” rating on the stock.
- 10/11/2026 – Applied Industrial Technologies was upgraded by Wall Street Zen from “hold” to “buy”.
- 10/8/2026 – Applied Industrial Technologies was upgraded by Weiss Ratings from “buy (b)” to “buy (a-)”.
- 10/3/2026 – Applied Industrial Technologies was downgraded by Wall Street Zen from “buy” to “hold”.
Insiders Place Their Bets
In related news, Director Peter Wallace sold 1,904 shares of Applied Industrial Technologies 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 transaction, the director owned 22,859 shares in the company, valued at $7,782,346.55. This trade represents a 7.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Wells sold 1,812 shares of the business’s 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 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. Company insiders own 1.60% of the company’s stock.
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.
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