Tema Etfs LLC Sells 16,974 Shares of Applied Industrial Technologies, Inc. $AIT

Tema Etfs LLC lowered its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 35.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,355 shares of the industrial products company’s stock after selling 16,974 shares during the period. Applied Industrial Technologies accounts for approximately 1.9% of Tema Etfs LLC’s investment portfolio, making the stock its 7th biggest holding. Tema Etfs LLC’s holdings in Applied Industrial Technologies were worth $7,288,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AIT. GAMMA Investing LLC boosted its stake in Applied Industrial Technologies by 2.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,453 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 41 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Applied Industrial Technologies by 0.3% during the second quarter. Ritholtz Wealth Management now owns 15,526 shares of the industrial products company’s stock worth $3,609,000 after buying an additional 53 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Applied Industrial Technologies by 9.9% in the second quarter. Contravisory Investment Management Inc. now owns 645 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 58 shares during the period. Focus Partners Wealth grew its stake in shares of Applied Industrial Technologies by 4.5% in the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 58 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of Applied Industrial Technologies by 18.1% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 418 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 64 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Applied Industrial Technologies in a research report on Monday. Bank of America boosted their price target on Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Industrial Alliance Securities set a $290.00 price objective on Applied Industrial Technologies in a research note on Friday, August 22nd. Finally, Raymond James Financial cut Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 15th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Applied Industrial Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $287.50.

Applied Industrial Technologies Stock Down 0.8%

NYSE AIT opened at $258.91 on Friday. The business has a fifty day moving average price of $254.38 and a two-hundred day moving average price of $252.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.50. Applied Industrial Technologies, Inc. has a fifty-two week low of $199.96 and a fifty-two week high of $280.95. The stock has a market capitalization of $9.77 billion, a PE ratio of 24.92, a PEG ratio of 2.67 and a beta of 0.85.

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

Applied Industrial Technologies Announces Dividend

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

Applied Industrial Technologies Profile

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.