Zacks Research Analysts Decrease Earnings Estimates for Applied Industrial Technologies, Inc. (NYSE:AIT)

Applied Industrial Technologies, Inc. (NYSE:AIT) – Stock analysts at Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for shares of Applied Industrial Technologies in a note issued to investors on Thursday, September 5th. Zacks Research analyst S. Roy now forecasts that the industrial products company will post earnings per share of $2.34 for the quarter, down from their prior forecast of $2.35. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.86 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q2 2025 earnings at $2.34 EPS, Q3 2025 earnings at $2.69 EPS, Q4 2025 earnings at $2.83 EPS, FY2025 earnings at $10.19 EPS, Q1 2026 earnings at $2.51 EPS, Q2 2026 earnings at $2.62 EPS, Q3 2026 earnings at $2.88 EPS, Q4 2026 earnings at $2.99 EPS and FY2026 earnings at $11.01 EPS.

A number of other equities research analysts have also recently issued reports on the company. StockNews.com cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Robert W. Baird increased their price objective on Applied Industrial Technologies from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Loop Capital boosted their price target on Applied Industrial Technologies from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. KeyCorp raised their price target on Applied Industrial Technologies from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Northcoast Research assumed coverage on shares of Applied Industrial Technologies in a research report on Monday, July 1st. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.00.

Applied Industrial Technologies Stock Up 0.3 %

NYSE:AIT opened at $197.78 on Monday. Applied Industrial Technologies has a 52 week low of $149.59 and a 52 week high of $223.15. The firm has a market capitalization of $7.59 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03. The company has a current ratio of 3.53, a quick ratio of 2.56 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $200.70 and a 200-day moving average of $194.21.

Applied Industrial Technologies (NYSE:AIT) last released its earnings results on Thursday, August 15th. The industrial products company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.12. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 23.55%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 earnings per share.

Hedge Funds Weigh In On Applied Industrial Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp boosted its position in shares of Applied Industrial Technologies by 120.5% in the fourth quarter. Truist Financial Corp now owns 3,673 shares of the industrial products company’s stock worth $634,000 after buying an additional 2,007 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Applied Industrial Technologies by 15.1% during the fourth quarter. Private Advisor Group LLC now owns 2,419 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 317 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Applied Industrial Technologies by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 559,037 shares of the industrial products company’s stock worth $96,540,000 after purchasing an additional 11,092 shares during the period. Dana Investment Advisors Inc. grew its position in Applied Industrial Technologies by 1.6% during the fourth quarter. Dana Investment Advisors Inc. now owns 9,023 shares of the industrial products company’s stock valued at $1,558,000 after purchasing an additional 139 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Applied Industrial Technologies by 7.9% during the 4th quarter. QRG Capital Management Inc. now owns 6,790 shares of the industrial products company’s stock valued at $1,173,000 after buying an additional 496 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Buying and Selling at Applied Industrial Technologies

In other news, VP Kurt W. Loring sold 3,366 shares of Applied Industrial Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.02, for a total value of $703,561.32. Following the transaction, the vice president now owns 19,315 shares of the company’s stock, valued at approximately $4,037,221.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Applied Industrial Technologies news, VP Kurt W. Loring sold 4,858 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $203.10, for a total transaction of $986,659.80. Following the sale, the vice president now owns 19,315 shares in the company, valued at approximately $3,922,876.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Kurt W. Loring sold 3,366 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.02, for a total transaction of $703,561.32. Following the sale, the vice president now directly owns 19,315 shares of the company’s stock, valued at $4,037,221.30. The disclosure for this sale can be found here. In the last three months, insiders sold 11,927 shares of company stock valued at $2,439,116. 2.20% of the stock is owned by insiders.

Applied Industrial Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, August 15th. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 15.51%.

About Applied Industrial Technologies

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.