Orion Porfolio Solutions LLC Has $2.01 Million Stock Position in Applied Industrial Technologies, Inc. $AIT

Orion Porfolio Solutions LLC lifted its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 39.0% during the second quarter, HoldingsChannel reports. The firm owned 8,628 shares of the industrial products company’s stock after acquiring an additional 2,423 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Applied Industrial Technologies were worth $2,006,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. 111 Capital bought a new position in shares of Applied Industrial Technologies in the 2nd quarter valued at about $980,000. Envestnet Asset Management Inc. lifted its stake in Applied Industrial Technologies by 38.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,784 shares of the industrial products company’s stock valued at $17,151,000 after purchasing an additional 20,535 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in Applied Industrial Technologies by 10.5% during the second quarter. TimesSquare Capital Management LLC now owns 86,434 shares of the industrial products company’s stock worth $20,092,000 after purchasing an additional 8,219 shares during the period. Regents Gate Capital LLP bought a new position in Applied Industrial Technologies during the second quarter worth about $11,387,000. Finally, Capital Fund Management S.A. acquired a new position in Applied Industrial Technologies during the second quarter worth approximately $3,071,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Applied Industrial Technologies Stock Performance

AIT opened at $262.31 on Friday. 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 business has a fifty day simple moving average of $255.11 and a 200 day simple moving average of $254.79. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $280.95. The company has a market capitalization of $9.89 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.85.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.16. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $2.36 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. Research analysts expect that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Applied Industrial Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.7%. Applied Industrial Technologies’s payout ratio is currently 17.71%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday. Industrial Alliance Securities set a $290.00 price objective on shares of Applied Industrial Technologies in a report on Friday, August 22nd. Finally, Bank of America increased their price objective on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Industrial Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $287.50.

About Applied Industrial Technologies

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.