WCM Investment Management LLC Has $33.31 Million Stake in Applied Industrial Technologies, Inc. $AIT

WCM Investment Management LLC decreased its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 3.4% in the 1st quarter, HoldingsChannel reports. The firm owned 129,102 shares of the industrial products company’s stock after selling 4,590 shares during the quarter. WCM Investment Management LLC’s holdings in Applied Industrial Technologies were worth $33,310,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new position in Applied Industrial Technologies during the 4th quarter worth approximately $25,000. Anchor Investment Management LLC bought a new position in shares of Applied Industrial Technologies in the 4th quarter valued at $32,000. V Square Quantitative Management LLC acquired a new position in Applied Industrial Technologies in the 4th quarter worth about $34,000. Allworth Financial LP grew its holdings in shares of Applied Industrial Technologies by 446.4% during the third quarter. Allworth Financial LP now owns 153 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 125 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Applied Industrial Technologies by 78.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock valued at $46,000 after buying an additional 78 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Warren E. Hoffner III sold 8,000 shares of the business’s stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is available at this link. Also, Director Madhuri A. Andrews sold 3,845 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the completion of the sale, the director owned 4,951 shares in the company, valued at $1,633,285.39. This represents a 43.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Trading Down 0.0%

NYSE AIT opened at $336.35 on Monday. The company has a quick ratio of 1.97, a current ratio of 2.95 and a debt-to-equity ratio of 0.19. Applied Industrial Technologies, Inc. has a 52 week low of $238.34 and a 52 week high of $345.48. The business has a 50 day moving average price of $320.78 and a 200-day moving average price of $292.52. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 2.91 and a beta of 0.83.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business earned $2.57 EPS. Applied Industrial Technologies’s quarterly revenue was up 7.3% compared to the same quarter last year. 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. As a group, equities analysts expect that Applied Industrial Technologies, Inc. will post 10.71 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, August 14th. Applied Industrial Technologies’s dividend payout ratio (DPR) is currently 19.26%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AIT shares. Oppenheimer upped their target price on Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Friday, April 24th. Robert W. Baird set a $317.00 price objective on shares of Applied Industrial Technologies in a research report on Wednesday, April 29th. DA Davidson assumed coverage on Applied Industrial Technologies in a research note on Tuesday, June 16th. They issued a “buy” rating and a $380.00 price objective on the stock. Finally, KeyCorp raised their price objective on shares of Applied Industrial Technologies from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Applied Industrial Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $329.57.

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.