Vest Financial LLC Buys 2,801 Shares of Applied Industrial Technologies, Inc. $AIT

Vest Financial LLC boosted its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 15.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,784 shares of the industrial products company’s stock after acquiring an additional 2,801 shares during the period. Vest Financial LLC owned 0.06% of Applied Industrial Technologies worth $5,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. 111 Capital purchased a new stake in Applied Industrial Technologies during the 2nd quarter valued at $980,000. Envestnet Asset Management Inc. increased its position in Applied Industrial Technologies by 38.6% during the second quarter. Envestnet Asset Management Inc. now owns 73,784 shares of the industrial products company’s stock valued at $17,151,000 after acquiring an additional 20,535 shares during the last quarter. Regents Gate Capital LLP bought a new position in Applied Industrial Technologies during the second quarter valued at $11,387,000. TimesSquare Capital Management LLC raised its stake in shares of Applied Industrial Technologies by 10.5% in the second quarter. TimesSquare Capital Management LLC now owns 86,434 shares of the industrial products company’s stock valued at $20,092,000 after acquiring an additional 8,219 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in shares of Applied Industrial Technologies in the 2nd quarter worth about $3,071,000. 93.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIT has been the topic of several analyst reports. Mizuho set a $305.00 price target on shares of Applied Industrial Technologies in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $287.50.

Applied Industrial Technologies Trading Up 2.3%

Shares of AIT opened at $283.76 on Thursday. 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 firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.83 and a beta of 0.87. The company has a 50-day moving average of $261.36 and a 200 day moving average of $260.81. Applied Industrial Technologies, Inc. has a 1-year low of $199.96 and a 1-year high of $286.19.

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

Applied Industrial Technologies 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.