Sen. Markwayne Mullin Sells Off Shares of Applied Industrial Technologies, Inc. (NYSE:AIT)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Applied Industrial Technologies, Inc. (NYSE:AIT). In a filing disclosed on January 13th, the Senator disclosed that they had sold between $15,001 and $50,000 in Applied Industrial Technologies stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of MasTec (NYSE:MTZ) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Stride (NYSE:LRN) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/17/2025.

Applied Industrial Technologies Trading Up 1.9%

NYSE AIT opened at $282.98 on Friday. Applied Industrial Technologies, Inc. has a twelve month low of $199.96 and a twelve month high of $283.73. The firm has a market capitalization of $10.67 billion, a PE ratio of 27.24, a P/E/G ratio of 2.84 and a beta of 0.87. The stock’s 50 day moving average is $259.48 and its 200 day moving average is $259.61. The company has a quick ratio of 2.50, a current ratio of 3.55 and a debt-to-equity ratio of 0.30.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.16. The firm had revenue of $1.20 billion during 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 previous year, the firm earned $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. Research analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have commented on AIT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Mizuho set a $305.00 target price on shares of Applied Industrial Technologies in a research note on Wednesday, October 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $287.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased 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 purchasing an additional 89 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Applied Industrial Technologies in the third quarter worth about $27,000. Abich Financial Wealth Management LLC purchased a new stake in Applied Industrial Technologies in the third quarter worth about $29,000. Hantz Financial Services Inc. lifted its position in shares of Applied Industrial Technologies by 2,033.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock valued at $30,000 after buying an additional 122 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of Applied Industrial Technologies during the 2nd quarter valued at approximately $35,000. 93.52% of the stock is currently owned by institutional investors.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

Applied Industrial Technologies Company Profile

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.