Applied Industrial Technologies, Inc. $AIT Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 17.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,135 shares of the industrial products company’s stock after selling 5,347 shares during the period. Seizert Capital Partners LLC owned approximately 0.07% of Applied Industrial Technologies worth $6,823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AIT. Root Financial Partners LLC acquired a new stake in shares of Applied Industrial Technologies during the third quarter worth $27,000. Hantz Financial Services Inc. boosted its stake in Applied Industrial Technologies by 2,033.3% in the second quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 122 shares during the period. Maseco LLP acquired a new position in Applied Industrial Technologies during the 2nd quarter valued at about $35,000. First Horizon Corp acquired a new stake in shares of Applied Industrial Technologies during the third quarter valued at approximately $47,000. Finally, Headlands Technologies LLC acquired a new stake in Applied Industrial Technologies in the 2nd quarter worth approximately $72,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Applied Industrial Technologies Stock Performance

NYSE AIT opened at $276.94 on Tuesday. The company has a fifty day moving average price of $260.37 and a 200-day moving average price of $260.43. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $284.76. 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 firm has a market cap of $10.45 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.87 and a beta of 0.87.

Applied Industrial Technologies (NYSE:AIT) last announced 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. 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 net margin of 8.61% and a return on equity of 21.86%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. As a group, equities research analysts predict that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.50.

Applied Industrial Technologies 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.