Quantinno Capital Management LP Buys 4,794 Shares of Applied Industrial Technologies, Inc. $AIT

Quantinno Capital Management LP boosted its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 89.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,182 shares of the industrial products company’s stock after buying an additional 4,794 shares during the period. Quantinno Capital Management LP’s holdings in Applied Industrial Technologies were worth $2,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Applied Industrial Technologies by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock valued at $85,897,000 after acquiring an additional 14,926 shares during the last quarter. Empowered Funds LLC bought a new position in Applied Industrial Technologies in the 1st quarter valued at $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 purchasing an additional 10,863 shares during the period. Focus Partners Wealth lifted its position in shares of Applied Industrial Technologies by 4.5% during the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 58 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of Applied Industrial Technologies during the second quarter valued at $217,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Oppenheimer raised their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Robert W. Baird set a $317.00 price target on shares of Applied Industrial Technologies in a research note on Wednesday, April 29th. DA Davidson assumed coverage on Applied Industrial Technologies in a report on Tuesday, June 16th. They issued a “buy” rating and a $380.00 price target for the company. Finally, KeyCorp raised their price objective on Applied Industrial Technologies from $350.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.71.

Applied Industrial Technologies Stock Performance

Shares of Applied Industrial Technologies stock opened at $359.97 on Monday. 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 company has a market capitalization of $13.30 billion, a PE ratio of 33.99, a P/E/G ratio of 3.10 and a beta of 0.84. The company has a 50-day simple moving average of $332.39 and a two-hundred day simple moving average of $300.80. Applied Industrial Technologies, Inc. has a one year low of $238.34 and a one year high of $362.93.

Applied Industrial Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.6%. Applied Industrial Technologies’s dividend 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 EPS estimates across multiple future periods. Forecasts increased for Q4 2026 to $2.90 from $2.89, Q3 2027 to $2.90 from $2.88, Q4 2027 to $3.26 from $3.25, and fiscal 2027 to $11.69 from $11.65. Estimates for 2028 also moved higher, including fiscal-year EPS of $12.76 versus $12.73 previously. The revisions signal slightly improved analyst expectations for Applied Industrial Technologies’ earnings growth and may support investor sentiment. Applied Industrial Technologies stock information
• Neutral Sentiment: Investors are also looking ahead to the company’s upcoming earnings report. Applied Industrial Technologies is expected to announce results on Thursday, creating a near-term catalyst. The current full-year consensus EPS estimate is $10.71, but the cited reports contain no new operating results, revenue guidance, or changes to the company’s official outlook. Applied Industrial Technologies expected earnings announcement

Insider Buying and Selling

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $329.89, for a total value of $1,268,427.05. Following the completion of the sale, the director directly owned 4,951 shares in the company, valued at approximately $1,633,285.39. This trade represents a 43.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

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.