Atria Wealth Solutions Inc. Has $428,000 Stock Holdings in Applied Industrial Technologies, Inc. $AIT

Atria Wealth Solutions Inc. raised its stake in Applied Industrial Technologies, Inc. (NYSE:AIT) by 94.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,841 shares of the industrial products company’s stock after buying an additional 895 shares during the period. Atria Wealth Solutions Inc.’s holdings in Applied Industrial Technologies were worth $428,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its position in Applied Industrial Technologies by 111.1% in the first quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock valued at $30,000 after buying an additional 70 shares in the last quarter. Maseco LLP acquired a new stake in Applied Industrial Technologies in the second quarter valued at approximately $35,000. Wayfinding Financial LLC acquired a new stake in Applied Industrial Technologies in the first quarter valued at approximately $38,000. SVB Wealth LLC acquired a new stake in Applied Industrial Technologies in the first quarter valued at approximately $48,000. Finally, First Horizon Advisors Inc. boosted its position in Applied Industrial Technologies by 31.1% in the first quarter. First Horizon Advisors Inc. now owns 215 shares of the industrial products company’s stock valued at $48,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Buying and Selling

In related news, CEO Neil A. Schrimsher sold 26,671 shares of Applied Industrial Technologies stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $262.46, for a total transaction of $7,000,070.66. Following the completion of the transaction, the chief executive officer owned 149,735 shares of the company’s stock, valued at $39,299,448.10. This trade represents a 15.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jason W. Vasquez sold 7,466 shares of Applied Industrial Technologies stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $260.08, for a total transaction of $1,941,757.28. Following the transaction, the vice president directly owned 14,491 shares of the company’s stock, valued at $3,768,819.28. This represents a 34.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,660 shares of company stock valued at $11,217,980 over the last quarter. Insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Price Performance

Shares of NYSE AIT opened at $250.17 on Tuesday. Applied Industrial Technologies, Inc. has a twelve month low of $199.96 and a twelve month high of $282.98. The firm has a fifty day simple moving average of $260.58 and a 200 day simple moving average of $245.81. The company has a market capitalization of $9.44 billion, a PE ratio of 24.72, a P/E/G ratio of 2.62 and a beta of 0.96. The company has a quick ratio of 2.36, a current ratio of 3.32 and a debt-to-equity ratio of 0.31.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Thursday, August 14th. The industrial products company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.20. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.78%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $2.64 earnings per share. Applied Industrial Technologies’s quarterly revenue was up 5.5% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS. On average, sell-side analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on AIT. Oppenheimer raised their target price on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Raymond James Financial lowered shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 15th. Industrial Alliance Securities set a $290.00 price target on shares of Applied Industrial Technologies in a report on Friday, August 22nd. Bank of America lifted their price target on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Applied Industrial Technologies Profile

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.