Inceptionr LLC Makes New $947,000 Investment in Applied Industrial Technologies, Inc. $AIT

Inceptionr LLC bought a new position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,626 shares of the industrial products company’s stock, valued at approximately $947,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AIT. Jones Financial Companies Lllp increased its holdings in shares of Applied Industrial Technologies by 3.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,410 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 45 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Applied Industrial Technologies by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 457 shares of the industrial products company’s stock worth $119,000 after buying an additional 53 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Applied Industrial Technologies by 11.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 516 shares of the industrial products company’s stock worth $135,000 after buying an additional 55 shares during the period. Harfst & Associates Inc. grew its position in Applied Industrial Technologies by 0.6% during the third quarter. Harfst & Associates Inc. now owns 10,167 shares of the industrial products company’s stock worth $2,654,000 after buying an additional 56 shares during the period. Finally, Focus Partners Wealth increased its holdings in 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 buying an additional 58 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIT has been the subject of a number of research reports. KeyCorp lifted their price target on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Finally, Wall Street Zen raised Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and an average target price of $294.38.

Applied Industrial Technologies Price Performance

Shares of NYSE:AIT opened at $267.79 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.68. The business’s fifty day moving average price is $275.34 and its two-hundred day moving average price is $264.25. The stock has a market cap of $9.99 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.56 and a beta of 0.80. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $296.70.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Applied Industrial Technologies had a return on equity of 21.74% and a net margin of 8.49%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.39 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. On average, analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Applied Industrial Technologies’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 0.8%. Applied Industrial Technologies’s payout ratio is currently 19.41%.

Insider Buying and Selling

In other news, CEO Neil A. Schrimsher sold 19,207 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $285.85, for a total transaction of $5,490,320.95. Following the sale, the chief executive officer owned 130,528 shares in the company, valued at $37,311,428.80. This trade represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Warren E. Hoffner III sold 4,000 shares of Applied Industrial Technologies stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $288.62, for a total value of $1,154,480.00. Following the completion of the sale, the vice president owned 52,751 shares of the company’s stock, valued at $15,224,993.62. This trade represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 28,654 shares of company stock worth $8,212,829. 1.60% of the stock is owned by insiders.

Applied Industrial Technologies Company 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.