Applied Industrial Technologies (NYSE:AIT) Releases FY 2027 Earnings Guidance

Applied Industrial Technologies (NYSE:AIT) issued an update on its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 11.650-12.150 for the period, compared to the consensus estimate of 11.820. The company issued revenue guidance of $5.2 billion-$5.3 billion, compared to the consensus revenue estimate of $5.2 billion. Applied Industrial Technologies also updated its Q1 2027 guidance to EPS.

Analyst Ratings Changes

Several brokerages recently weighed in on AIT. Oppenheimer increased their price objective on Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. DA Davidson assumed coverage on Applied Industrial Technologies in a research note on Tuesday, June 16th. They issued a “buy” rating and a $380.00 price target on the stock. KeyCorp raised their price objective on Applied Industrial Technologies from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Mizuho upped their target price on shares of Applied Industrial Technologies from $330.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $336.71.

Applied Industrial Technologies Trading Up 0.2%

Shares of AIT stock opened at $353.04 on Thursday. Applied Industrial Technologies has a fifty-two week low of $238.34 and a fifty-two week high of $363.59. The company has a 50 day moving average price of $335.25 and a 200 day moving average price of $302.37. The stock has a market capitalization of $13.05 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 3.04 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95.

Applied Industrial Technologies (NYSE:AIT) last released its earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.26. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. Equities research analysts predict that Applied Industrial Technologies will post 10.71 EPS for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.51 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio (DPR) is 19.26%.

Insider Buying and Selling

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the sale, the director owned 4,951 shares in the company, valued at $1,633,285.39. This represents a 43.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by insiders.

Institutional Trading of Applied Industrial Technologies

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in Applied Industrial Technologies by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 776,394 shares of the industrial products company’s stock worth $199,355,000 after acquiring an additional 6,953 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Applied Industrial Technologies by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 723,700 shares of the industrial products company’s stock valued at $185,833,000 after purchasing an additional 3,348 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Applied Industrial Technologies by 22,451.0% in the 4th quarter. Corient Private Wealth LLC now owns 585,423 shares of the industrial products company’s stock valued at $150,319,000 after purchasing an additional 582,827 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Applied Industrial Technologies by 3.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 572,376 shares of the industrial products company’s stock valued at $146,969,000 after purchasing an additional 18,235 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Applied Industrial Technologies by 10.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 519,656 shares of the industrial products company’s stock worth $133,432,000 after purchasing an additional 48,438 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.