Applied Industrial Technologies, Inc. (NYSE:AIT) Receives $287.50 Average PT from Analysts

Shares of Applied Industrial Technologies, Inc. (NYSE:AIT) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $287.50.

Several analysts recently issued reports on the company. Bank of America raised their target price on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Industrial Alliance Securities set a $290.00 target price on Applied Industrial Technologies in a research report on Friday, August 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday. Finally, Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research note on Wednesday, October 29th.

Applied Industrial Technologies Price Performance

NYSE AIT opened at $262.31 on Wednesday. Applied Industrial Technologies has a 1-year low of $199.96 and a 1-year high of $280.95. The business’s fifty day moving average price is $255.11 and its 200-day moving average price is $254.79. 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 market capitalization of $9.89 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 2.65 and a beta of 0.85.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.16. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm earned $2.36 EPS. Applied Industrial Technologies’s revenue for the quarter 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, equities analysts predict that Applied Industrial Technologies will post 9.9 earnings per share for the current year.

Applied Industrial Technologies Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AIT. AIA Group Ltd purchased a new stake in shares of Applied Industrial Technologies during the third quarter valued at $837,000. Tudor Investment Corp ET AL lifted its holdings in Applied Industrial Technologies by 39.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 124,185 shares of the industrial products company’s stock valued at $32,418,000 after buying an additional 35,374 shares in the last quarter. Allworth Financial LP lifted its holdings in Applied Industrial Technologies by 446.4% during the 3rd quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock valued at $40,000 after buying an additional 125 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in Applied Industrial Technologies by 76.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 1,755 shares of the industrial products company’s stock valued at $458,000 after buying an additional 763 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in Applied Industrial Technologies in the 3rd quarter worth about $208,000. Institutional investors own 93.52% of the company’s stock.

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.