Hsbc Holdings PLC Purchases 16,238 Shares of Applied Industrial Technologies, Inc. $AIT

Hsbc Holdings PLC lifted its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 316.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,372 shares of the industrial products company’s stock after buying an additional 16,238 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Applied Industrial Technologies worth $4,968,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Hantz Financial Services Inc. grew its position in shares of Applied Industrial Technologies by 2,033.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 122 shares in the last quarter. Rise Advisors LLC increased its stake in Applied Industrial Technologies by 111.1% during the 1st quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 70 shares during the period. Maseco LLP acquired a new position in Applied Industrial Technologies in the 2nd quarter valued at $35,000. SVB Wealth LLC bought a new stake in shares of Applied Industrial Technologies during the 1st quarter valued at $48,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Applied Industrial Technologies by 100.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 321 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 161 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Applied Industrial Technologies Stock Down 0.8%

AIT stock opened at $258.91 on Friday. Applied Industrial Technologies, Inc. has a twelve month low of $199.96 and a twelve month high of $280.95. The firm has a market capitalization of $9.77 billion, a PE ratio of 24.92, a P/E/G ratio of 2.67 and a beta of 0.85. The stock’s 50 day moving average is $254.38 and its 200-day moving average is $252.24. The company has a quick ratio of 2.50, a current ratio of 3.55 and a debt-to-equity ratio of 0.30.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.16. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. Sell-side analysts expect that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, November 14th. Applied Industrial Technologies’s dividend payout ratio is 17.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AIT shares. Raymond James Financial downgraded shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, August 15th. Robert W. Baird raised their price objective on Applied Industrial Technologies from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Mizuho set a $305.00 target price on Applied Industrial Technologies in a research note on Wednesday, October 29th. Oppenheimer increased their price objective on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Applied Industrial Technologies in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Applied Industrial Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.50.

Applied Industrial Technologies Company 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.