Linden Thomas Advisory Services LLC Has $1.11 Million Stake in Applied Industrial Technologies, Inc. $AIT

Linden Thomas Advisory Services LLC cut its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,757 shares of the industrial products company’s stock after selling 383 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Applied Industrial Technologies were worth $1,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AIT. Rise Advisors LLC lifted its holdings 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 buying an additional 70 shares during the period. Maseco LLP bought a new position in shares of Applied Industrial Technologies in the 2nd quarter worth about $35,000. Wayfinding Financial LLC bought a new position in shares of Applied Industrial Technologies in the 1st quarter worth about $38,000. First Horizon Advisors Inc. raised its position in shares of Applied Industrial Technologies by 31.1% in the 1st quarter. First Horizon Advisors Inc. now owns 215 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 51 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Applied Industrial Technologies in the 1st quarter worth about $48,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Applied Industrial Technologies news, VP Jason W. Vasquez sold 7,466 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $260.08, for a total transaction of $1,941,757.28. Following the completion of the sale, the vice president directly owned 14,491 shares of the company’s stock, valued at approximately $3,768,819.28. The trade was a 34.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Neil A. Schrimsher sold 26,671 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $262.46, for a total value of $7,000,070.66. Following the sale, the chief executive officer directly owned 149,735 shares of the company’s stock, valued at $39,299,448.10. This represents a 15.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,660 shares of company stock valued at $11,217,980. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AIT shares. Raymond James Financial lowered Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, August 15th. Industrial Alliance Securities set a $290.00 price objective on Applied Industrial Technologies in a research report on Friday, August 22nd. Robert W. Baird lifted their price objective on Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Oppenheimer boosted their target price on Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Finally, Wall Street Zen raised Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and an average price target of $285.00.

Applied Industrial Technologies Stock Performance

Shares of Applied Industrial Technologies stock opened at $260.07 on Monday. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $282.98. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.75 and a beta of 0.96. The business has a 50-day simple moving average of $259.74 and a 200 day simple moving average of $247.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.32 and a quick ratio of 2.36.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.20. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Applied Industrial Technologies had a return on equity of 21.78% and a net margin of 8.61%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.64 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS. On average, research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current fiscal year.

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.