Zacks Research Has Optimistic Outlook of AIT Q1 Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Equities research analysts at Zacks Research upped their Q1 2028 earnings per share (EPS) estimates for shares of Applied Industrial Technologies in a report issued on Tuesday, January 6th. Zacks Research analyst Team now forecasts that the industrial products company will earn $3.03 per share for the quarter, up from their prior forecast of $3.02. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Mizuho set a $305.00 price target on Applied Industrial Technologies in a report on Wednesday, October 29th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $287.50.

Applied Industrial Technologies Price Performance

AIT opened at $264.37 on Friday. Applied Industrial Technologies has a twelve month low of $199.96 and a twelve month high of $280.95. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.66 and a beta of 0.87. The company has a current ratio of 3.55, a quick ratio of 2.50 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $257.47 and a 200 day simple moving average of $258.02.

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, beating analysts’ consensus estimates of $2.47 by $0.16. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $2.36 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS.

Applied Industrial Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 17.71%.

Institutional Trading of Applied Industrial Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Applied Industrial Technologies by 890.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Applied Industrial Technologies during the 3rd quarter valued at approximately $27,000. Abich Financial Wealth Management LLC bought a new position in Applied Industrial Technologies during the third quarter worth $29,000. Hantz Financial Services Inc. lifted its stake in Applied Industrial Technologies by 2,033.3% during the second quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 122 shares during the last quarter. Finally, Maseco LLP acquired a new position in Applied Industrial Technologies in the second quarter worth $35,000. 93.52% of the stock is owned by institutional investors.

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.