Analysts Set Applied Industrial Technologies, Inc. (NYSE:AIT) Target Price at $287.50

Shares of Applied Industrial Technologies, Inc. (NYSE:AIT) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $287.50.

A number of equities research analysts have recently issued reports on AIT shares. Mizuho set a $305.00 target price on shares of Applied Industrial Technologies in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th.

Applied Industrial Technologies Stock Performance

NYSE AIT opened at $278.76 on Friday. The company has a market cap of $10.51 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 2.80 and a beta of 0.87. The stock’s 50 day simple moving average is $258.62 and its 200-day simple moving average is $259.31. Applied Industrial Technologies has a 1-year low of $199.96 and a 1-year high of $280.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.55 and a quick ratio of 2.50.

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

Applied Industrial Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were 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 was Friday, November 14th. Applied Industrial Technologies’s payout ratio is currently 17.71%.

Hedge Funds Weigh In On Applied Industrial Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Dakota Wealth Management purchased a new stake in Applied Industrial Technologies in the 4th quarter valued at $604,000. Ausbil Investment Management Ltd boosted its position in shares of Applied Industrial Technologies by 0.8% during the 4th quarter. Ausbil Investment Management Ltd now owns 12,262 shares of the industrial products company’s stock valued at $3,149,000 after acquiring an additional 101 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Applied Industrial Technologies by 11,093.8% in the fourth quarter. SG Americas Securities LLC now owns 60,894 shares of the industrial products company’s stock valued at $15,636,000 after purchasing an additional 60,350 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Applied Industrial Technologies by 40.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,443 shares of the industrial products company’s stock worth $1,179,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in Applied Industrial Technologies by 7.1% during the fourth quarter. Oliver Luxxe Assets LLC now owns 7,339 shares of the industrial products company’s stock worth $1,884,000 after purchasing an additional 489 shares during the period. Hedge funds and other institutional investors own 93.52% 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.