Applied Industrial Technologies, Inc. $AIT Stock Holdings Decreased by Grace & White Inc. NY

Grace & White Inc. NY lessened its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 2.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 144,323 shares of the industrial products company’s stock after selling 2,918 shares during the period. Applied Industrial Technologies accounts for approximately 6.6% of Grace & White Inc. NY’s holdings, making the stock its 2nd biggest position. Grace & White Inc. NY owned about 0.38% of Applied Industrial Technologies worth $37,676,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Applied Industrial Technologies during the second quarter worth about $107,228,000. Qube Research & Technologies Ltd bought a new position in Applied Industrial Technologies in the 2nd quarter worth approximately $81,722,000. Dundas Partners LLP boosted its stake in Applied Industrial Technologies by 12,956.0% in the 2nd quarter. Dundas Partners LLP now owns 266,212 shares of the industrial products company’s stock worth $61,881,000 after purchasing an additional 264,173 shares during the period. Squarepoint Ops LLC grew its holdings in Applied Industrial Technologies by 11,885.4% during the 2nd quarter. Squarepoint Ops LLC now owns 258,286 shares of the industrial products company’s stock valued at $60,039,000 after buying an additional 256,131 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of Applied Industrial Technologies by 69.2% during the second quarter. Royal London Asset Management Ltd. now owns 393,743 shares of the industrial products company’s stock valued at $91,526,000 after buying an additional 161,048 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Applied Industrial Technologies Price Performance

NYSE:AIT opened at $264.37 on Friday. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.66 and a beta of 0.87. 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 business has a 50 day simple moving average of $257.47 and a 200-day simple moving average of $258.02. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $280.95.

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 the consensus estimate of $2.47 by $0.16. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.Applied Industrial Technologies’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. Equities analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Applied Industrial Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho set a $305.00 price target on shares of Applied Industrial Technologies in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from 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, 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.