Regents Gate Capital LLP Acquires New Position in Applied Industrial Technologies, Inc. $AIT

Regents Gate Capital LLP acquired a new stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 48,988 shares of the industrial products company’s stock, valued at approximately $11,387,000. Applied Industrial Technologies makes up about 4.0% of Regents Gate Capital LLP’s investment portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIT. Rise Advisors LLC grew its position in Applied Industrial Technologies by 111.1% during the first quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 70 shares in the last quarter. Hantz Financial Services Inc. grew its position in Applied Industrial Technologies by 2,033.3% in the second quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 122 shares in the last quarter. Maseco LLP bought a new stake in Applied Industrial Technologies in the second quarter worth approximately $35,000. Wayfinding Financial LLC bought a new stake in Applied Industrial Technologies in the first quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. grew its position in Applied Industrial Technologies by 31.1% in the first quarter. First Horizon Advisors Inc. now owns 215 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 51 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on AIT. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Wednesday, October 8th. Robert W. Baird boosted their target price on shares of Applied Industrial Technologies from $265.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Bank of America boosted their target price on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Raymond James Financial downgraded shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, August 15th. Finally, Oppenheimer boosted their target price on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Applied Industrial Technologies has an average rating of “Moderate Buy” and an average price target of $287.50.

Insider Buying and Selling

In related news, VP Jason W. Vasquez sold 7,466 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $260.08, for a total transaction of $1,941,757.28. Following the completion of the transaction, the vice president directly owned 14,491 shares in the company, valued at $3,768,819.28. This represents a 34.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Neil A. Schrimsher sold 26,671 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $262.46, for a total transaction of $7,000,070.66. Following the transaction, the chief executive officer owned 149,735 shares of the company’s stock, valued at approximately $39,299,448.10. The trade was a 15.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 42,660 shares of company stock valued at $11,217,980. Company insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Price Performance

NYSE AIT opened at $257.16 on Friday. The company has a current ratio of 3.55, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $259.21 and a 200 day simple moving average of $248.15. The company has a market cap of $9.70 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.61 and a beta of 0.96. Applied Industrial Technologies, Inc. has a 1 year low of $199.96 and a 1 year high of $282.98.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.16. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. Applied Industrial Technologies’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. On average, sell-side analysts predict that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Applied Industrial Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 14th. Applied Industrial Technologies’s dividend payout ratio is currently 17.71%.

About Applied Industrial Technologies

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.