Applied Industrial Technologies (NYSE:AIT – Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 11.650-12.150 for the period, compared to the consensus earnings per share estimate of 11.820. The company issued revenue guidance of $5.2 billion-$5.3 billion, compared to the consensus revenue estimate of $5.2 billion. Applied Industrial Technologies also updated its Q1 2027 guidance to EPS.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on AIT shares. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Tuesday, July 21st. Wall Street Zen cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Robert W. Baird set a $317.00 price objective on shares of Applied Industrial Technologies in a report on Wednesday, April 29th. DA Davidson assumed coverage on shares of Applied Industrial Technologies in a report on Tuesday, June 16th. They issued a “buy” rating and a $380.00 target price for the company. Finally, Mizuho raised their price target on shares of Applied Industrial Technologies from $330.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $336.71.
View Our Latest Analysis on AIT
Applied Industrial Technologies Trading Up 0.2%
Applied Industrial Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.51 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.04 annualized dividend and a yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio is presently 19.26%.
Insider Transactions at Applied Industrial Technologies
In other news, Director Madhuri A. Andrews sold 3,845 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the completion of the transaction, the director owned 4,951 shares in the company, valued at approximately $1,633,285.39. This represents a 43.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in Applied Industrial Technologies during the 4th quarter worth about $205,000. CIBC Private Wealth Group LLC boosted its position in shares of Applied Industrial Technologies by 17.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 410 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 61 shares during the last quarter. Danske Bank A S purchased a new position in shares of Applied Industrial Technologies during the third quarter worth about $78,000. Quarry LP increased its position in shares of Applied Industrial Technologies by 79.2% in the third quarter. Quarry LP now owns 464 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 205 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Applied Industrial Technologies by 7.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 45 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.
Applied Industrial Technologies Company Profile
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.
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