Robert W. Baird Has Lowered Expectations for Applied Industrial Technologies (NYSE:AIT) Stock Price

Applied Industrial Technologies (NYSE:AIT) had its price target lowered by stock analysts at Robert W. Baird from $400.00 to $350.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird‘s price objective points to a potential upside of 17.68% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Applied Industrial Technologies from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday. Mizuho cut their price objective on Applied Industrial Technologies from $400.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Bank of America lifted their target price on Applied Industrial Technologies from $380.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Oppenheimer reissued an “outperform” rating on shares of Applied Industrial Technologies in a report on Wednesday. Finally, DA Davidson increased their price target on Applied Industrial Technologies from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $390.00.

Applied Industrial Technologies Trading Down 8.4%

NYSE AIT opened at $297.42 on Wednesday. The firm has a market capitalization of $10.93 billion, a P/E ratio of 27.14 and a beta of 0.85. The firm’s fifty day moving average price is $330.18 and its two-hundred day moving average price is $308.87. Applied Industrial Technologies has a 1 year low of $238.72 and a 1 year high of $374.80.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.08. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $2.63 EPS. On average, research analysts anticipate that Applied Industrial Technologies will post 12.00 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO David K. Wells sold 1,812 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $355.10, for a total value of $643,441.20. Following the completion of the sale, the chief financial officer directly owned 32,050 shares in the company, valued at $11,380,955. The trade was a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter C. Wallace sold 1,904 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $340.45, for a total value of $648,216.80. Following the completion of the transaction, the director directly owned 22,859 shares in the company, valued at approximately $7,782,346.55. This represents a 7.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AIT. Hudock Inc. lifted its holdings in shares of Applied Industrial Technologies by 5.1% during the third quarter. Hudock Inc. now owns 657 shares of the industrial products company’s stock worth $218,000 after buying an additional 32 shares in the last quarter. BOKF NA grew its stake in shares of Applied Industrial Technologies by 0.3% in the third quarter. BOKF NA now owns 12,545 shares of the industrial products company’s stock valued at $4,169,000 after acquiring an additional 37 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Applied Industrial Technologies by 4.5% in the first quarter. Sanctuary Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $308,000 after acquiring an additional 50 shares in the last quarter. Childress Capital Advisors LLC grew its stake in shares of Applied Industrial Technologies by 2.9% in the third quarter. Childress Capital Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $664,000 after acquiring an additional 57 shares in the last quarter. Finally, Smith Group Asset Management LLC increased its position in Applied Industrial Technologies by 1.6% during the third quarter. Smith Group Asset Management LLC now owns 3,929 shares of the industrial products company’s stock worth $1,306,000 after acquiring an additional 63 shares during the period. Institutional investors own 93.52% of the company’s stock.

Key Headlines Impacting Applied Industrial Technologies

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: AIT reported fiscal Q1 EPS of $2.97, exceeding consensus estimates of approximately $2.86–$2.89 and rising from $2.63 a year earlier. Revenue increased 7.6% to about $1.29 billion, in line with expectations. Applied Industrial Technologies Reports Fiscal 2027 First Quarter Results
• Positive Sentiment: Management raised its full-year fiscal 2027 outlook, forecasting EPS of $11.70 to $12.20 while maintaining its sales-growth expectation of 4% to 6.5%. The improved earnings guidance supports the view that operating performance is holding up despite a mixed industrial environment. Applied Industrial Technologies beats Q1 2027 EPS and raises full-year guidance
• Positive Sentiment: The board declared a quarterly dividend of $0.51 per share, payable November 30 to shareholders of record November 13. The annualized dividend is $2.04 per share, although the approximately 0.7% yield is modest.
• Neutral Sentiment: AIT announced changes to its board of directors. The immediate financial impact is unclear, and investors may look for additional details regarding the changes and their strategic implications. Applied Industrial Technologies Announces Board Changes
• Negative Sentiment: KeyBanc lowered its price target to $360. Although the target remains above the recent trading level, the reduction indicates greater valuation or near-term execution caution following the earnings release. Applied Industrial Technologies Price Target Lowered to $360 at KeyBanc

About Applied Industrial Technologies

Applied Industrial Technologies, Inc (NYSE: AIT) is a distributor and value-added service provider of industrial motion, power transmission, fluid power, automation, and control products. Its offerings include bearings, mechanical power-transmission components, motors, gearboxes, hydraulic and pneumatic equipment, industrial hoses, process pumps, safety products, and related maintenance supplies.

The company also provides technical and engineering services designed to help customers improve equipment performance, reliability, and productivity.