GW&K Investment Management LLC Has $55.59 Million Stock Holdings in Applied Industrial Technologies, Inc. $AIT

GW&K Investment Management LLC boosted its holdings in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,509 shares of the industrial products company’s stock after buying an additional 5,327 shares during the period. GW&K Investment Management LLC’s holdings in Applied Industrial Technologies were worth $55,594,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. US Asset Management LLC raised its holdings in Applied Industrial Technologies by 3.3% during the fourth quarter. US Asset Management LLC now owns 1,266 shares of the industrial products company’s stock worth $325,000 after buying an additional 41 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Applied Industrial Technologies by 3.3% during the third quarter. Jones Financial Companies Lllp now owns 1,410 shares of the industrial products company’s stock worth $369,000 after buying an additional 45 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Applied Industrial Technologies by 7.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company’s stock worth $170,000 after buying an additional 45 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Applied Industrial Technologies by 1.1% during the third quarter. Quadrant Capital Group LLC now owns 4,631 shares of the industrial products company’s stock worth $1,209,000 after buying an additional 51 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Applied Industrial Technologies by 11.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 516 shares of the industrial products company’s stock worth $135,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Transactions at Applied Industrial Technologies

In related news, VP Warren E. Hoffner III sold 8,000 shares of the firm’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 owned 40,751 shares in the company, valued at approximately $12,471,436.04. This trade represents a 16.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Stock Up 2.7%

Applied Industrial Technologies stock opened at $322.91 on Wednesday. Applied Industrial Technologies, Inc. has a fifty-two week low of $223.13 and a fifty-two week high of $324.34. The firm’s 50-day simple moving average is $298.02 and its 200 day simple moving average is $278.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95. The stock has a market cap of $11.93 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 3.00 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings data 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 net margin of 8.34% and a return on equity of 21.64%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $2.57 earnings per share. The firm’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. Research analysts predict that Applied Industrial Technologies, Inc. will post 10.7 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, May 15th. Applied Industrial Technologies’s dividend payout ratio (DPR) is 19.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AIT. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Oppenheimer boosted their price target 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. Wall Street Zen cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. KeyCorp boosted their price target 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. Finally, Robert W. Baird set a $317.00 price target on shares of Applied Industrial Technologies in a report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Applied Industrial Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $313.67.

About Applied Industrial Technologies

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.