Curi Capital LLC Has $20.26 Million Position in Applied Industrial Technologies, Inc. $AIT

Curi Capital LLC lifted its stake in Applied Industrial Technologies, Inc. (NYSE:AIT) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,143 shares of the industrial products company’s stock after acquiring an additional 2,175 shares during the quarter. Curi Capital LLC owned approximately 0.23% of Applied Industrial Technologies worth $20,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Applied Industrial Technologies in the 2nd quarter valued at about $107,228,000. Alliancebernstein L.P. raised its stake in Applied Industrial Technologies by 452.6% in the first quarter. Alliancebernstein L.P. now owns 436,565 shares of the industrial products company’s stock valued at $98,376,000 after buying an additional 357,568 shares during the period. Qube Research & Technologies Ltd bought a new stake in Applied Industrial Technologies in the second quarter valued at approximately $81,722,000. Dundas Partners LLP lifted its position in shares of Applied Industrial Technologies by 12,956.0% in the second quarter. Dundas Partners LLP now owns 266,212 shares of the industrial products company’s stock valued at $61,881,000 after buying an additional 264,173 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in Applied Industrial Technologies by 11,885.4% in the 2nd quarter. Squarepoint Ops LLC now owns 258,286 shares of the industrial products company’s stock valued at $60,039,000 after buying an additional 256,131 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AIT shares. Robert W. Baird raised their target price on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Bank of America upped their price target on Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Oppenheimer raised their target price on Applied Industrial Technologies from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 1st. Finally, Industrial Alliance Securities set a $290.00 price target on shares of Applied Industrial Technologies in a research note on Friday, August 22nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $287.50.

Applied Industrial Technologies Stock Down 0.3%

Shares of AIT opened at $262.12 on Friday. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $280.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.50. The stock has a 50 day simple moving average of $254.48 and a two-hundred day simple moving average of $253.67. The firm has a market cap of $9.89 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.69 and a beta of 0.85.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.47 by $0.16. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $2.36 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. On average, analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

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

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.