Applied Industrial Technologies, Inc. $AIT Shares Acquired by California State Teachers Retirement System

Posted by Stanley Muller on Sep 10th, 2026

California State Teachers Retirement System increased its stake in Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) by 32,761.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,593,201 shares of the industrial products company’s stock after purchasing an additional 14,548,793 shares during the quarter. California State Teachers Retirement System owned 0.40% of Applied Industrial Technologies worth $4,934,691,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Applied Industrial Technologies during the second quarter worth about $1,336,805,000. Corient Private Wealth LLC grew its position in Applied Industrial Technologies by 22,451.0% during the fourth quarter. Corient Private Wealth LLC now owns 585,423 shares of the industrial products company’s stock worth $150,319,000 after buying an additional 582,827 shares during the period. Norges Bank purchased a new position in Applied Industrial Technologies in the fourth quarter valued at about $125,044,000. Bank of New York Mellon Corp purchased a new position in Applied Industrial Technologies in the second quarter valued at about $93,672,000. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Applied Industrial Technologies by 4,933.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 264,575 shares of the industrial products company’s stock valued at $67,935,000 after acquiring an additional 259,319 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Trading Down 0.6%

Shares of AIT opened at $324.74 on Thursday. The stock has a fifty day moving average of $338.58 and a two-hundred day moving average of $310.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 2.58. The company has a market capitalization of $11.92 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.62 and a beta of 0.83. Applied Industrial Technologies, Inc. has a fifty-two week low of $238.34 and a fifty-two week high of $374.80.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The industrial products company reported $3.17 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business earned $2.80 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. As a group, analysts forecast that Applied Industrial Technologies, Inc. will post 11.96 EPS for the current year.

Applied Industrial Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, August 14th. Applied Industrial Technologies’s dividend payout ratio (DPR) is 18.61%.

Insider Activity

In other news, Director Madhuri Andrews sold 3,845 shares of Applied Industrial Technologies stock in a transaction dated Thursday, June 18th. The stock was 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 of the company’s stock, valued at $1,633,285.39. The trade was a 43.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter Wallace sold 1,904 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $340.45, for a total value of $648,216.80. Following the sale, the director owned 22,859 shares of the company’s stock, valued at $7,782,346.55. The trade was a 7.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,561 shares of company stock valued at $2,560,085 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AIT shares. Robert W. Baird boosted their price target on Applied Industrial Technologies from $317.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. 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 note on Friday, August 14th. DA Davidson lifted their price objective on Applied Industrial Technologies from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Oppenheimer boosted their target price on Applied Industrial Technologies from $350.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Applied Industrial Technologies presently has a consensus rating of “Buy” and a consensus target price of $400.00.

Get Our Latest Stock Report on Applied Industrial Technologies

Applied Industrial Technologies Company Profile

(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.