F m Investments LLC Has $12.50 Million Stock Position in Applied Industrial Technologies, Inc. $AIT

F m Investments LLC lowered its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,889 shares of the industrial products company’s stock after selling 3,934 shares during the quarter. F m Investments LLC’s holdings in Applied Industrial Technologies were worth $12,501,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Applied Industrial Technologies by 890.0% in the third quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 89 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Applied Industrial Technologies during the third quarter valued at approximately $27,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Applied Industrial Technologies in the third quarter valued at approximately $29,000. First Horizon Corp bought a new position in Applied Industrial Technologies in the 3rd quarter worth approximately $47,000. Finally, Johnson Financial Group Inc. bought a new position in Applied Industrial Technologies in the 3rd quarter worth approximately $69,000. 93.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Warren E. Hoffner III sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $288.62, for a total value of $1,154,480.00. Following the completion of the sale, the vice president owned 52,751 shares in the company, valued at approximately $15,224,993.62. This represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jason W. Vasquez sold 5,447 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $287.87, for a total value of $1,568,027.89. Following the completion of the transaction, the vice president directly owned 14,491 shares in the company, valued at $4,171,524.17. The trade was a 27.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,654 shares of company stock valued at $8,212,829 over the last three months. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIT has been the topic of a number of recent research reports. Wall Street Zen upgraded Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Finally, KeyCorp upped their price target on Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.38.

Applied Industrial Technologies Stock Down 1.7%

Shares of NYSE:AIT opened at $255.43 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.68 and a quick ratio of 2.56. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 2.49 and a beta of 0.81. The company has a 50 day moving average of $275.66 and a 200-day moving average of $264.18. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $296.70.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Applied Industrial Technologies had a net margin of 8.49% and a return on equity of 21.74%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $2.39 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. On average, sell-side analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current year.

Applied Industrial Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.51 dividend. The ex-dividend date was Friday, February 13th. This represents a $2.04 annualized dividend and a dividend yield of 0.8%. This is an increase from Applied Industrial Technologies’s previous quarterly dividend of $0.46. Applied Industrial Technologies’s dividend payout ratio is 19.41%.

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.