Applied Industrial Technologies, Inc. $AIT Stake Raised by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 27.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,126 shares of the industrial products company’s stock after buying an additional 9,898 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.12% of Applied Industrial Technologies worth $12,041,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its holdings in shares of Applied Industrial Technologies by 2.0% during the second quarter. Boston Trust Walden Corp now owns 508,120 shares of the industrial products company’s stock valued at $118,113,000 after purchasing an additional 10,015 shares during the period. Norges Bank acquired a new position in Applied Industrial Technologies during the 2nd quarter valued at about $107,228,000. Royal London Asset Management Ltd. raised its position in shares of Applied Industrial Technologies by 69.2% during the 2nd quarter. Royal London Asset Management Ltd. now owns 393,743 shares of the industrial products company’s stock worth $91,526,000 after buying an additional 161,048 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Applied Industrial Technologies by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after acquiring an additional 14,926 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Applied Industrial Technologies by 47.8% in the second quarter. Bank of America Corp DE now owns 374,627 shares of the industrial products company’s stock valued at $87,082,000 after acquiring an additional 121,163 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Price Performance

AIT opened at $262.55 on Wednesday. The stock has a fifty day moving average of $263.82 and a 200-day moving average of $261.62. The firm has a market capitalization of $9.90 billion, a P/E ratio of 25.27, a PEG ratio of 2.87 and a beta of 0.87. Applied Industrial Technologies, Inc. has a 12-month low of $199.96 and a 12-month high of $286.66. The company has a quick ratio of 2.50, a current ratio of 3.55 and a debt-to-equity ratio of 0.30.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.Applied Industrial Technologies’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. Equities analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Applied Industrial Technologies’s previous quarterly dividend of $0.46. Applied Industrial Technologies’s dividend payout ratio is currently 17.71%.

Key Applied Industrial Technologies News

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: Raised quarterly dividend 10.9% to $0.51 (annualized yield ~0.8%), signalling confidence in cash flow and returning capital to shareholders.
• Positive Sentiment: Q2 EPS beat consensus (reported $2.51 vs. ~$2.49 consensus) and net sales grew ~8.4% year-over-year, showing continued earnings momentum and organic/acquisition growth. BusinessWire: Q2 Results
• Positive Sentiment: Analyst commentary highlights an earnings-beat streak and upward revisions that could support longer-term multiple expansion. Yahoo: Earnings Beat Streak
• Neutral Sentiment: Earnings call transcript and analyst write-ups are available for color on margins, backlog and end-market trends — useful for assessing sustainability of the beat but not a clear immediate catalyst. SeekinAlpha: Earnings Call Transcript
• Neutral Sentiment: Analyst-focused summaries (Zacks) break down key metrics versus estimates — helpful for traders and modelers but not a direct driver by itself. Zacks: Key Metrics
• Negative Sentiment: FY2026 guidance gouged investor expectations: EPS range of $10.45–$10.75 is centered slightly below consensus (~$10.65 midpoint vs. consensus ~10.65) and revenue guidance ($4.8–$4.9B) is at/just under Street estimates—the tone suggests cautious top-line growth and pressured near-term upside. Press Release / Slide Deck
• Negative Sentiment: Revenue narrowly missed the quarter consensus (~$1.16B reported vs. ~$1.17B expected), which combined with conservative guidance appears to have outweighed the EPS beat in investor reaction.

Wall Street Analysts Forecast Growth

AIT has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research note on Wednesday, October 29th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $287.50.

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.