Applied Industrial Technologies (NYSE:AIT) Price Target Raised to $400.00

Applied Industrial Technologies (NYSE:AIT) had its price target increased by research analysts at Mizuho from $355.00 to $400.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target points to a potential upside of 12.05% from the stock’s previous close.

Several other brokerages have also commented on AIT. KeyCorp restated an “overweight” rating on shares of Applied Industrial Technologies in a research note on Friday. Wall Street Zen cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer increased their target price on shares of 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 initiated coverage on shares of Applied Industrial Technologies in a report on Tuesday, June 16th. They issued a “buy” rating and a $380.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $355.00.

Applied Industrial Technologies Price Performance

AIT opened at $356.99 on Friday. Applied Industrial Technologies has a 1 year low of $238.34 and a 1 year high of $374.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95. The company’s 50 day simple moving average is $336.11 and its 200 day simple moving average is $302.91. The stock has a market capitalization of $13.19 billion, a PE ratio of 33.71, a P/E/G ratio of 3.04 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.25. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. Applied Industrial Technologies’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. As a group, sell-side analysts expect that Applied Industrial Technologies will post 10.71 EPS for the current year.

Insider Transactions at Applied Industrial Technologies

In other news, Director Madhuri A. Andrews sold 3,845 shares of Applied Industrial Technologies stock in a transaction that occurred on Thursday, June 18th. The shares were 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 trade represents a 43.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Applied Industrial Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIT. BlackRock Inc. purchased a new stake in shares of Applied Industrial Technologies during the second quarter worth about $1,336,805,000. Corient Private Wealth LLC grew its stake in Applied Industrial Technologies by 22,451.0% during 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. Norges Bank purchased a new stake in Applied Industrial Technologies during the 4th quarter worth approximately $125,044,000. M&T Bank Corp raised its position in shares of Applied Industrial Technologies by 33,181.4% in the 4th quarter. M&T Bank Corp now owns 300,864 shares of the industrial products company’s stock valued at $81,322,000 after purchasing an additional 299,960 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Applied Industrial Technologies in the 2nd quarter valued at approximately $93,672,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Applied Industrial Technologies News Roundup

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: Quarterly earnings and revenue beat forecasts: Fiscal Q4 EPS was $3.17, up from $2.80 a year earlier and above the $2.92 analyst consensus. Revenue rose approximately 10.4%–10.5% year over year to about $1.35 billion, exceeding the $1.29 billion estimate. Applied Industrial Technologies Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Solid operating performance: The company reported a 21.64% return on equity and an 8.34% net margin, supporting investor confidence that growth is translating into profitability. Management also increased its intermediate financial targets, signaling continued confidence in the company’s longer-term outlook. Applied Industrial Technologies Fiscal 2026 Results and Fiscal 2027 Guidance
• Positive Sentiment: Fiscal 2027 outlook supports the stock: AIT guided to EPS of $11.65–$12.15 and revenue of $5.2–$5.3 billion. The EPS midpoint is broadly consistent with the $11.82 consensus, while the revenue range is at or above the roughly $5.2 billion estimate, reducing concerns about a near-term slowdown. Applied Industrial Technologies Shares Rise as Q4 Results Beat Forecasts
• Neutral Sentiment: Analysts had expected $2.92 in quarterly EPS and $1.29 billion in revenue ahead of the release; those expectations were surpassed, making the earnings event a positive catalyst rather than a source of uncertainty. Wall Street Expectations Ahead of Q4 Earnings

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.