Interval Partners LP Buys Shares of 43,500 Applied Industrial Technologies, Inc. $AIT

Interval Partners LP bought a new stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 43,500 shares of the industrial products company’s stock, valued at approximately $11,169,000.

Several other large investors have also recently bought and sold shares of the stock. Evolve Private Wealth LLC acquired a new position in Applied Industrial Technologies during the 4th quarter valued at about $732,000. Concentric Capital Strategies LP acquired a new position in Applied Industrial Technologies during the 4th quarter valued at about $1,781,000. Balyasny Asset Management L.P. increased its stake in Applied Industrial Technologies by 12.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 90,696 shares of the industrial products company’s stock valued at $23,288,000 after buying an additional 10,331 shares during the period. Freestone Grove Partners LP acquired a new position in Applied Industrial Technologies during the 4th quarter valued at about $672,000. Finally, Caisse de depot et placement du Quebec increased its stake in Applied Industrial Technologies by 32.1% during the 4th quarter. Caisse de depot et placement du Quebec now owns 133,517 shares of the industrial products company’s stock valued at $34,283,000 after buying an additional 32,461 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Activity at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total value of $2,448,320.00. Following the completion of the transaction, the vice president directly owned 40,751 shares in the company, valued at $12,471,436.04. This trade represents a 16.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp raised their target price on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Wall Street Zen cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Robert W. Baird set a $317.00 price objective on shares of Applied Industrial Technologies in a research note on Wednesday, April 29th. Oppenheimer lifted their price objective on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $323.14.

Applied Industrial Technologies Stock Performance

Shares of AIT opened at $330.16 on Thursday. The firm’s 50 day moving average is $304.58 and its 200-day moving average is $281.52. The stock has a market capitalization of $12.20 billion, a P/E ratio of 31.18, a P/E/G ratio of 3.09 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97. Applied Industrial Technologies, Inc. has a 12-month low of $223.13 and a 12-month high of $335.96.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 EPS. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. Equities research analysts anticipate that Applied Industrial Technologies, Inc. will post 10.7 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, May 15th. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 19.26%.

Applied Industrial Technologies Profile

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.