Zacks Research Issues Positive Forecast for AIT Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT - Free Report) - Research analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for Applied Industrial Technologies in a note issued to investors on Wednesday, January 22nd. Zacks Research analyst S. Roy now expects that the industrial products company will earn $2.68 per share for the quarter, up from their prior estimate of $2.67. The consensus estimate for Applied Industrial Technologies' current full-year earnings is $9.77 per share.

AIT has been the topic of several other research reports. StockNews.com lowered Applied Industrial Technologies from a "buy" rating to a "hold" rating in a report on Thursday. KeyCorp raised their target price on shares of Applied Industrial Technologies from $275.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Mizuho began coverage on shares of Applied Industrial Technologies in a research note on Tuesday, October 22nd. They issued an "outperform" rating and a $285.00 price target on the stock. Raymond James lifted their price target on Applied Industrial Technologies from $225.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Loop Capital lifted their target price on Applied Industrial Technologies from $230.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $285.71.

Applied Industrial Technologies Trading Down 0.4 %

AIT traded down $1.16 during mid-day trading on Friday, hitting $260.36. The stock had a trading volume of 81,439 shares, compared to its average volume of 323,214. Applied Industrial Technologies has a 1-year low of $173.73 and a 1-year high of $282.98. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.74. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 3.59 and a beta of 1.08. The stock's fifty day simple moving average is $258.66 and its 200-day simple moving average is $230.61.

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

Hedge Funds Weigh In On Applied Industrial Technologies

Several large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in Applied Industrial Technologies in the 3rd quarter valued at about $34,000. First Horizon Advisors Inc. raised its stake in Applied Industrial Technologies by 106.0% in the third quarter. First Horizon Advisors Inc. now owns 171 shares of the industrial products company's stock valued at $38,000 after buying an additional 88 shares during the last quarter. Quarry LP purchased a new stake in shares of Applied Industrial Technologies during the second quarter valued at $39,000. UMB Bank n.a. raised its position in Applied Industrial Technologies by 68.1% during the 3rd quarter. UMB Bank n.a. now owns 190 shares of the industrial products company's stock worth $42,000 after buying an additional 77 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Applied Industrial Technologies by 42.6% in the second quarter. EverSource Wealth Advisors LLC now owns 435 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 130 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Applied Industrial Technologies

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

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.