Applied Industrial Technologies, Inc. $AIT Position Boosted by Strs Ohio

Posted by Stanley Muller on Jul 6th, 2026

Strs Ohio increased its position in Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) by 16.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,686 shares of the industrial products company’s stock after purchasing an additional 4,689 shares during the period. Strs Ohio’s holdings in Applied Industrial Technologies were worth $8,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIT. Torren Management LLC acquired a new stake in shares of Applied Industrial Technologies during the 4th quarter valued at approximately $25,000. Anchor Investment Management LLC bought a new stake in Applied Industrial Technologies during the fourth quarter valued at $32,000. V Square Quantitative Management LLC acquired a new stake in shares of Applied Industrial Technologies during the fourth quarter worth $34,000. Allworth Financial LP lifted its position in shares of Applied Industrial Technologies by 446.4% in the 3rd quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock worth $40,000 after buying an additional 125 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Applied Industrial Technologies by 78.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock valued at $46,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Applied Industrial Technologies Stock Performance

AIT opened at $330.88 on Monday. The company has a market cap of $12.23 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 2.86 and a beta of 0.83. The stock has a 50-day moving average of $316.08 and a 200-day moving average of $287.96. Applied Industrial Technologies, Inc. has a 52-week low of $238.34 and a 52-week high of $345.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business earned $2.57 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. As a group, equities research analysts forecast that Applied Industrial Technologies, Inc. will post 10.71 earnings per share for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio (DPR) is currently 19.26%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. DA Davidson initiated coverage on Applied Industrial Technologies in a research note on Tuesday, June 16th. They issued a “buy” rating and a $380.00 target price for the company. Robert W. Baird set a $317.00 target price on Applied Industrial Technologies in a report on Wednesday, April 29th. Wall Street Zen cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Applied Industrial Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $323.14.

Read Our Latest Analysis on AIT

Insiders Place Their Bets

In related news, Director Madhuri A. Andrews sold 3,845 shares of the firm’s stock in a transaction 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 directly owned 4,951 shares in the company, valued at approximately $1,633,285.39. This trade represents a 43.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Warren E. Hoffner III sold 8,000 shares of Applied Industrial Technologies stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the completion of the transaction, the vice president owned 40,751 shares in the company, valued at $12,471,436.04. This trade represents a 16.41% decrease in their position. The SEC filing for this sale provides additional information. 1.60% of the stock is currently owned by insiders.

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.