HRT Financial LP Invests $33.71 Million in Applied Industrial Technologies, Inc. $AIT

HRT Financial LP purchased a new stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 145,025 shares of the industrial products company’s stock, valued at approximately $33,711,000. HRT Financial LP owned approximately 0.38% of Applied Industrial Technologies at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AIT. Alyeska Investment Group L.P. lifted its position in shares of Applied Industrial Technologies by 27.9% during the first quarter. Alyeska Investment Group L.P. now owns 602,798 shares of the industrial products company’s stock worth $135,835,000 after acquiring an additional 131,465 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of Applied Industrial Technologies by 2.0% during the 2nd quarter. Boston Trust Walden Corp now owns 508,120 shares of the industrial products company’s stock valued at $118,113,000 after purchasing an additional 10,015 shares during the period. Norges Bank purchased a new stake in Applied Industrial Technologies during the 2nd quarter worth about $107,228,000. Alliancebernstein L.P. lifted its holdings in Applied Industrial Technologies by 452.6% during the 1st quarter. Alliancebernstein L.P. now owns 436,565 shares of the industrial products company’s stock worth $98,376,000 after purchasing an additional 357,568 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Applied Industrial Technologies by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after purchasing an additional 14,926 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Applied Industrial Technologies Stock Down 0.3%

Shares of NYSE:AIT opened at $262.12 on Friday. The firm has a market capitalization of $9.89 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.50 and a current ratio of 3.55. Applied Industrial Technologies, Inc. has a 52-week low of $199.96 and a 52-week high of $280.95. The firm has a fifty day moving average of $254.48 and a 200 day moving average of $253.67.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.16. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business posted $2.36 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. As a group, research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.46 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.7%. Applied Industrial Technologies’s payout ratio is presently 17.71%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Industrial Technologies in a report on Monday, December 1st. Robert W. Baird increased their target price on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Oppenheimer boosted their price target on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Industrial Alliance Securities set a $290.00 price target on shares of Applied Industrial Technologies in a report on Friday, August 22nd. Finally, Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research note on Wednesday, October 29th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.50.

About Applied Industrial Technologies

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.