Applied Industrial Technologies (NYSE:AIT) Updates FY 2026 Earnings Guidance

Applied Industrial Technologies (NYSE:AIT) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 10.450-10.750 for the period, compared to the consensus estimate of 10.650. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.9 billion.

Wall Street Analyst Weigh In

A number of research firms recently commented on AIT. Mizuho set a $305.00 price target 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 report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Applied Industrial Technologies has an average rating of “Moderate Buy” and a consensus target price of $287.50.

Applied Industrial Technologies Stock Performance

Applied Industrial Technologies stock opened at $267.05 on Tuesday. The company has a quick ratio of 2.50, a current ratio of 3.55 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $263.42 and its 200-day moving average price is $261.55. Applied Industrial Technologies has a twelve month low of $199.96 and a twelve month high of $286.66. The company has a market cap of $10.07 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87.

Applied Industrial Technologies (NYSE:AIT) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.02. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.During the same quarter last year, the company earned $2.39 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. On average, equities research analysts forecast that Applied Industrial Technologies will post 9.9 EPS for the current fiscal year.

Institutional Trading of Applied Industrial Technologies

Several hedge funds have recently modified their holdings of AIT. Royal London Asset Management Ltd. grew its position in shares of Applied Industrial Technologies by 69.2% in the 2nd quarter. Royal London Asset Management Ltd. now owns 393,743 shares of the industrial products company’s stock worth $91,526,000 after buying an additional 161,048 shares during the last quarter. Wellington Management Group LLP boosted its stake in Applied Industrial Technologies by 24.7% in the third quarter. Wellington Management Group LLP now owns 769,441 shares of the industrial products company’s stock valued at $200,863,000 after acquiring an additional 152,197 shares in the last quarter. UBS Group AG grew its holdings in Applied Industrial Technologies by 71.8% in the third quarter. UBS Group AG now owns 299,575 shares of the industrial products company’s stock worth $78,204,000 after purchasing an additional 125,227 shares during the last quarter. Bank of America Corp DE increased its position in shares of Applied Industrial Technologies by 47.8% during the second quarter. Bank of America Corp DE now owns 374,627 shares of the industrial products company’s stock worth $87,082,000 after purchasing an additional 121,163 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Applied Industrial Technologies by 52.4% during the second quarter. Ameriprise Financial Inc. now owns 248,358 shares of the industrial products company’s stock worth $57,731,000 after purchasing an additional 85,368 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

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.