Zacks Research Issues Optimistic Estimate for AIT Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Stock analysts at Zacks Research raised their Q2 2027 earnings per share (EPS) estimates for Applied Industrial Technologies in a research note issued on Thursday, September 3rd. Zacks Research analyst Team now anticipates that the industrial products company will earn $2.76 per share for the quarter, up from their previous forecast of $2.72. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $11.96 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q3 2027 earnings at $2.95 EPS, Q4 2027 earnings at $3.27 EPS, FY2027 earnings at $11.79 EPS, Q1 2028 earnings at $3.15 EPS, Q2 2028 earnings at $2.91 EPS and FY2029 earnings at $14.15 EPS.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.25. Applied Industrial Technologies had a return on equity of 22.17% and a net margin of 8.35%.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 previous year, the company posted $2.80 EPS. Applied Industrial Technologies’s revenue was up 10.5% on a year-over-year basis. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS.

A number of other analysts have also weighed in on AIT. Wall Street Zen raised shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Robert W. Baird boosted their price target on shares of Applied Industrial Technologies from $317.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, August 14th. KeyCorp boosted their price target on shares of Applied Industrial Technologies from $375.00 to $420.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Oppenheimer upped their price target on shares of Applied Industrial Technologies from $350.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $400.00.

Applied Industrial Technologies Stock Performance

Shares of Applied Industrial Technologies stock opened at $326.88 on Monday. The firm has a market cap of $12.00 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.61 and a beta of 0.83. The company has a current ratio of 2.58, a quick ratio of 1.75 and a debt-to-equity ratio of 0.14. Applied Industrial Technologies has a 12 month low of $238.34 and a 12 month high of $374.80. The stock’s fifty day moving average price is $338.74 and its 200-day moving average price is $310.35.

Applied Industrial Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 18.61%.

Insider Activity at Applied Industrial Technologies

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the completion of the sale, the director directly owned 4,951 shares of the company’s stock, valued at approximately $1,633,285.39. This represents a 43.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter C. Wallace sold 1,904 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $340.45, for a total transaction of $648,216.80. Following the sale, the director directly owned 22,859 shares of the company’s stock, valued at approximately $7,782,346.55. The trade was a 7.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,561 shares of company stock valued at $2,560,085 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank purchased a new position in Applied Industrial Technologies during the 4th quarter worth $125,044,000. Quantinno Capital Management LP increased its position in Applied Industrial Technologies by 89.0% during the 1st quarter. Quantinno Capital Management LP now owns 10,182 shares of the industrial products company’s stock valued at $2,702,000 after buying an additional 4,794 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Applied Industrial Technologies by 1,628.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 196,946 shares of the industrial products company’s stock valued at $50,570,000 after buying an additional 185,553 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Applied Industrial Technologies by 40.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,572 shares of the industrial products company’s stock valued at $5,539,000 after buying an additional 6,254 shares during the last quarter. Finally, Van Hulzen Asset Management LLC acquired a new stake in Applied Industrial Technologies in the second quarter worth about $2,341,000. Institutional investors own 93.52% of the company’s stock.

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.