Brokerages Set Applied Industrial Technologies, Inc. (NYSE:AIT) PT at $287.50

Applied Industrial Technologies, Inc. (NYSE:AIT) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $287.50.

AIT has been the topic of a number of recent research reports. Mizuho set a $305.00 target price on Applied Industrial Technologies in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday.

Applied Industrial Technologies Stock Up 0.1%

Shares of NYSE AIT opened at $263.65 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.50. The company has a 50-day moving average price of $255.65 and a 200-day moving average price of $255.61. The stock has a market capitalization of $9.94 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.69 and a beta of 0.85. Applied Industrial Technologies has a 1 year low of $199.96 and a 1 year high of $280.95.

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

Applied Industrial Technologies Dividend Announcement

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

Institutional Investors Weigh In On Applied Industrial Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIT. Smartleaf Asset Management LLC boosted its stake in shares of Applied Industrial Technologies by 890.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. Root Financial Partners LLC bought a new stake in Applied Industrial Technologies during the third quarter worth $27,000. Abich Financial Wealth Management LLC purchased a new position in Applied Industrial Technologies in the third quarter worth $29,000. Rise Advisors LLC boosted its position in Applied Industrial Technologies by 111.1% in the first quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Applied Industrial Technologies by 2,033.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 122 shares during the period. Hedge funds and other 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.