Zacks Research Issues Negative Outlook for AIT Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) - Stock analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of Applied Industrial Technologies in a research report issued to clients and investors on Monday, January 13th. Zacks Research analyst S. Roy now forecasts that the industrial products company will earn $2.54 per share for the quarter, down from their previous forecast of $2.55. The consensus estimate for Applied Industrial Technologies' current full-year earnings is $9.76 per share.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.11. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Applied Industrial Technologies had a return on equity of 22.68% and a net margin of 8.57%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 earnings per share.

A number of other research firms have also commented on AIT. Loop Capital upped their price target on Applied Industrial Technologies from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Raymond James lifted their price target on shares of Applied Industrial Technologies from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Robert W. Baird upped their price objective on shares of Applied Industrial Technologies from $210.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Mizuho began coverage on shares of Applied Industrial Technologies in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $285.00 target price on the stock. Finally, StockNews.com raised shares of Applied Industrial Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Applied Industrial Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $285.71.

Applied Industrial Technologies Trading Up 0.9 %

Shares of NYSE:AIT traded up $2.40 during midday trading on Thursday, hitting $255.50. 97,350 shares of the stock traded hands, compared to its average volume of 363,365. The company has a quick ratio of 2.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $259.84 and its two-hundred day moving average is $228.23. The stock has a market capitalization of $9.82 billion, a PE ratio of 26.10, a P/E/G ratio of 3.36 and a beta of 1.08. Applied Industrial Technologies has a one year low of $166.37 and a one year high of $282.98.

Hedge Funds Weigh In On Applied Industrial Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in Applied Industrial Technologies in the second quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Applied Industrial Technologies in the 3rd quarter worth $34,000. First Horizon Advisors Inc. raised its holdings in Applied Industrial Technologies by 106.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 171 shares of the industrial products company's stock worth $38,000 after purchasing an additional 88 shares during the period. Quarry LP purchased a new position in Applied Industrial Technologies during the second quarter valued at $39,000. Finally, UMB Bank n.a. grew its holdings in Applied Industrial Technologies by 68.1% during the third quarter. UMB Bank n.a. now owns 190 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 93.52% of the company's stock.

Insider Activity

In other Applied Industrial Technologies news, Director Mary Dean Hall sold 2,200 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $275.08, for a total value of $605,176.00. Following the transaction, the director now directly owns 3,462 shares of the company's stock, valued at approximately $952,326.96. This trade represents a 38.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Warren E. Hoffner III sold 4,000 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $281.64, for a total value of $1,126,560.00. Following the sale, the vice president now owns 55,709 shares of the company's stock, valued at approximately $15,689,882.76. This represents a 6.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.67% of the stock is owned by corporate insiders.

Applied Industrial Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, November 15th. Applied Industrial Technologies's dividend payout ratio (DPR) is 15.10%.

Applied Industrial Technologies Company 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.