Zacks Research Issues Positive Forecast for AIT Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Stock analysts at Zacks Research boosted their Q1 2027 EPS estimates for shares of Applied Industrial Technologies in a report released on Wednesday, January 22nd. Zacks Research analyst S. Roy now anticipates that the industrial products company will post earnings of $2.68 per share for the quarter, up from their previous estimate of $2.67. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.77 per share.

A number of other equities analysts also recently weighed in on AIT. Robert W. Baird boosted their target price on shares of Applied Industrial Technologies from $210.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Loop Capital upped their price target on shares of Applied Industrial Technologies from $230.00 to $270.00 and gave the company a “buy” rating in a report on Monday, October 28th. Bank of America upgraded shares of Applied Industrial Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $285.00 to $315.00 in a report on Tuesday, November 26th. StockNews.com lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer boosted their price objective on shares of Applied Industrial Technologies from $260.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $285.71.

Applied Industrial Technologies Trading Down 0.4 %

Shares of NYSE AIT opened at $260.36 on Friday. Applied Industrial Technologies has a 1-year low of $173.73 and a 1-year high of $282.98. The company has a market cap of $10.01 billion, a PE ratio of 26.57, a P/E/G ratio of 3.59 and a beta of 1.08. The company has a current ratio of 3.78, a quick ratio of 2.74 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $258.34 and a two-hundred day moving average of $231.65.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.11. Applied Industrial Technologies had a net margin of 8.57% and a return on equity of 22.68%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm posted $2.39 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis.

Institutional Investors Weigh In On Applied Industrial Technologies

Large investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Applied Industrial Technologies in the 3rd quarter valued at approximately $34,000. First Horizon Advisors Inc. raised its holdings in Applied Industrial Technologies by 106.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 171 shares of the industrial products company’s stock valued at $38,000 after buying an additional 88 shares during the last quarter. UMB Bank n.a. raised its holdings in Applied Industrial Technologies by 68.1% in the 3rd quarter. UMB Bank n.a. now owns 190 shares of the industrial products company’s stock valued at $42,000 after buying an additional 77 shares during the last quarter. Quarry LP bought a new position in Applied Industrial Technologies in the 2nd quarter valued at approximately $39,000. Finally, Millburn Ridgefield Corp bought a new position in Applied Industrial Technologies in the 3rd quarter valued at approximately $84,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Applied Industrial Technologies

In other Applied Industrial Technologies news, Director Mary Dean Hall sold 2,200 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $275.08, for a total transaction of $605,176.00. Following the sale, the director now directly owns 3,462 shares in the company, valued at $952,326.96. This represents a 38.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Warren E. Hoffner III sold 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total transaction of $1,126,560.00. Following the sale, the vice president now owns 55,709 shares in the company, valued at $15,689,882.76. The trade was a 6.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.67% of the stock is currently owned by corporate insiders.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.