Lisanti Capital Growth LLC Sells 2,440 Shares of Applied Industrial Technologies, Inc. $AIT

Lisanti Capital Growth LLC lowered its holdings in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,355 shares of the industrial products company’s stock after selling 2,440 shares during the period. Lisanti Capital Growth LLC’s holdings in Applied Industrial Technologies were worth $3,943,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AIT. Goldman Sachs Group Inc. raised its holdings in Applied Industrial Technologies by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after buying an additional 14,926 shares during the last quarter. Empowered Funds LLC purchased a new position in Applied Industrial Technologies in the first quarter worth about $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Applied Industrial Technologies by 12.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,348 shares of the industrial products company’s stock worth $22,162,000 after buying an additional 10,863 shares during the last quarter. Focus Partners Wealth raised its holdings in Applied Industrial Technologies by 4.5% in the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after buying an additional 58 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in Applied Industrial Technologies in the second quarter worth about $217,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Applied Industrial Technologies Stock Up 0.6%

AIT opened at $307.39 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.95 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $285.68 and a 200-day moving average price of $273.52. Applied Industrial Technologies, Inc. has a twelve month low of $218.48 and a twelve month high of $317.10. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.93 and a beta of 0.86.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.02. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $2.57 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. Equities research analysts forecast that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current year.

Applied Industrial Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. Applied Industrial Technologies’s payout ratio is presently 19.26%.

Trending Headlines about Applied Industrial Technologies

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.68 from $10.58, suggesting stronger expected earnings this year. Applied Industrial Technologies stock page
• Positive Sentiment: The firm also increased FY2027 EPS to $11.60 from $11.48 and FY2028 EPS to $12.67 from $12.62, reinforcing a bullish longer-term earnings trend. Applied Industrial Technologies stock page
• Positive Sentiment: Quarterly estimates for Q1 2027, Q3 2027, and Q3 2028 were all nudged higher, which may support investor confidence in AIT’s operating momentum. Applied Industrial Technologies stock page
• Neutral Sentiment: One outlier was a cut to the Q2 2028 EPS estimate to $2.87 from $3.00, but this was offset by increases in several other periods. Applied Industrial Technologies stock page
• Neutral Sentiment: Most of the revisions are small, so the stock’s move likely reflects modest analyst optimism rather than a major new catalyst. Applied Industrial Technologies stock page

Insider Buying and Selling at Applied Industrial Technologies

In other news, VP Warren E. Hoffner III sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the completion of the transaction, the vice president directly owned 40,751 shares of the company’s stock, valued at $12,471,436.04. The trade was a 16.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AIT shares. KeyCorp lifted their target price on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Oppenheimer lifted their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Robert W. Baird set a $317.00 target price on shares of Applied Industrial Technologies in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $313.67.

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.