Applied Industrial Technologies, Inc. (NYSE:AIT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Applied Industrial Technologies, Inc. (NYSE:AIT) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $287.50.

Several brokerages have issued reports on AIT. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Mizuho set a $305.00 price target on Applied Industrial Technologies in a research report on Wednesday, October 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AIT. Goldman Sachs Group Inc. lifted its holdings in Applied Industrial Technologies by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after acquiring an additional 14,926 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Applied Industrial Technologies during the first quarter valued at approximately $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Applied Industrial Technologies by 12.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,348 shares of the industrial products company’s stock worth $22,162,000 after purchasing an additional 10,863 shares during the period. Focus Partners Wealth lifted its holdings in shares of Applied Industrial Technologies by 4.5% in the 1st quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 58 shares during the last quarter. Finally, Strs Ohio acquired a new position in Applied Industrial Technologies during the 1st quarter valued at approximately $8,878,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Applied Industrial Technologies Trading Up 1.9%

NYSE AIT opened at $282.98 on Friday. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.84 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.50. Applied Industrial Technologies has a 12 month low of $199.96 and a 12 month high of $283.73. The company’s fifty day moving average price is $259.48 and its two-hundred day moving average price is $259.61.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business posted $2.36 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. As a group, research analysts predict that Applied Industrial Technologies will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend 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%.

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.