Equities Analysts Set Expectations for AIT Q1 Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) – Analysts at Zacks Research upped their Q1 2027 earnings per share estimates for Applied Industrial Technologies in a report released on Tuesday, January 6th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $2.75 per share for the quarter, up from their prior estimate of $2.71. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q3 2027 earnings at $2.92 EPS, Q4 2027 earnings at $3.16 EPS, FY2027 earnings at $11.50 EPS and Q2 2028 earnings at $2.99 EPS.

Several other research analysts have also weighed in on the company. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Applied Industrial Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $287.50.

Applied Industrial Technologies Trading Down 1.7%

Shares of AIT opened at $260.84 on Thursday. Applied Industrial Technologies has a 12-month low of $199.96 and a 12-month high of $280.95. The firm has a market capitalization of $9.84 billion, a P/E ratio of 25.10, a P/E/G ratio of 2.71 and a beta of 0.87. The firm has a 50-day moving average price of $257.30 and a 200 day moving average price of $257.98. The company has a current ratio of 3.55, a quick ratio of 2.50 and a debt-to-equity ratio of 0.30.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.16. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $2.36 EPS. The company’s revenue for the quarter 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.

Institutional Trading of Applied Industrial Technologies

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Applied Industrial Technologies by 2.9% in the second quarter. GAMMA Investing LLC now owns 1,453 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 41 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Applied Industrial Technologies by 3.3% during the 3rd 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. lifted its position in shares of Applied Industrial Technologies by 7.4% during the 3rd 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 boosted its holdings in shares of Applied Industrial Technologies by 1.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,631 shares of the industrial products company’s stock valued at $1,209,000 after buying an additional 51 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Applied Industrial Technologies by 0.3% in the 2nd quarter. Ritholtz Wealth Management now owns 15,526 shares of the industrial products company’s stock valued at $3,609,000 after buying an additional 53 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Applied Industrial Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, November 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.7%. Applied Industrial Technologies’s payout ratio is presently 17.71%.

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.