Applied Industrial Technologies, Inc. (NYSE:AIT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Applied Industrial Technologies, Inc. (NYSE:AIT) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $287.50.

AIT has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research report on Wednesday, October 29th.

Institutional Investors Weigh In On Applied Industrial Technologies

A number of large investors have recently bought and sold shares of the stock. Balboa Wealth Partners raised its holdings in Applied Industrial Technologies by 12.3% during the fourth quarter. Balboa Wealth Partners now owns 877 shares of the industrial products company’s stock worth $225,000 after buying an additional 96 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Applied Industrial Technologies by 3.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 5,080 shares of the industrial products company’s stock worth $1,304,000 after acquiring an additional 153 shares in the last quarter. Tema Etfs LLC raised its holdings in shares of Applied Industrial Technologies by 2.7% in the 4th quarter. Tema Etfs LLC now owns 37,419 shares of the industrial products company’s stock worth $9,608,000 after acquiring an additional 1,001 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Applied Industrial Technologies in the 4th quarter valued at about $238,000. Finally, Dakota Wealth Management acquired a new position in Applied Industrial Technologies during the 4th quarter valued at about $604,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Applied Industrial Technologies Trading Down 0.3%

Shares of NYSE AIT traded down $0.87 during trading on Friday, reaching $281.61. The company had a trading volume of 457,184 shares, compared to its average volume of 251,603. The stock has a market cap of $10.62 billion, a P/E ratio of 27.10, a PEG ratio of 2.87 and a beta of 0.87. The company’s fifty day moving average price is $259.94 and its 200-day moving average price is $260.07. The company has a quick ratio of 2.50, a current ratio of 3.55 and a debt-to-equity ratio of 0.30. Applied Industrial Technologies has a 12 month low of $199.96 and a 12 month high of $284.76.

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

Applied Industrial Technologies Dividend Announcement

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

Applied Industrial Technologies Company 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.