Mizuho Issues Positive Forecast for Applied Industrial Technologies (NYSE:AIT) Stock Price

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

AIT has been the subject of several other reports. Oppenheimer raised 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 report on Wednesday, April 29th. Robert W. Baird upped their price target on Applied Industrial Technologies from $317.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday. KeyCorp restated an “overweight” rating on shares of Applied Industrial Technologies in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Applied Industrial Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $355.00.

Applied Industrial Technologies Stock Performance

Shares of NYSE:AIT opened at $356.99 on Friday. The business’s 50 day moving average price is $336.11 and its 200-day moving average price is $302.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97. The firm 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 has a 1 year low of $238.34 and a 1 year high of $374.80.

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

Insider Buying and Selling

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total value of $1,268,427.05. Following the transaction, the director directly owned 4,951 shares in the company, valued at $1,633,285.39. This represents a 43.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in Applied Industrial Technologies during the 4th quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in shares of Applied Industrial Technologies in the 2nd quarter valued at approximately $37,000. Kilter Group LLC purchased a new stake in shares of Applied Industrial Technologies during the 2nd quarter worth $40,000. Anchor Investment Management LLC acquired a new position in Applied Industrial Technologies during the fourth quarter worth about $32,000. Finally, Silvant Capital Management LLC purchased a new position in Applied Industrial Technologies in the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies News Summary

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.