State of Wyoming Cuts Stock Holdings in Applied Industrial Technologies, Inc. $AIT

State of Wyoming trimmed its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 60.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,185 shares of the industrial products company’s stock after selling 1,786 shares during the quarter. State of Wyoming’s holdings in Applied Industrial Technologies were worth $304,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bridges Investment Management Inc. raised its holdings in shares of Applied Industrial Technologies by 5.2% during the 4th quarter. Bridges Investment Management Inc. now owns 6,998 shares of the industrial products company’s stock worth $1,797,000 after acquiring an additional 345 shares during the period. Mutual of America Capital Management LLC raised its holdings in Applied Industrial Technologies by 38.1% in the 4th quarter. Mutual of America Capital Management LLC now owns 96,438 shares of the industrial products company’s stock valued at $24,762,000 after buying an additional 26,612 shares during the period. AXQ Capital LP purchased a new stake in Applied Industrial Technologies in the 4th quarter valued at about $1,016,000. MUFG Securities EMEA plc purchased a new stake in Applied Industrial Technologies in the 4th quarter valued at about $1,354,000. Finally, Measured Wealth Private Client Group LLC raised its holdings in Applied Industrial Technologies by 5.3% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 4,649 shares of the industrial products company’s stock valued at $1,194,000 after buying an additional 235 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Applied Industrial Technologies Price Performance

Shares of NYSE AIT opened at $322.91 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19. Applied Industrial Technologies, Inc. has a twelve month low of $223.13 and a twelve month high of $324.34. The stock has a 50 day moving average of $298.02 and a two-hundred day moving average of $278.62. The stock has a market cap of $11.93 billion, a P/E ratio of 30.49, a P/E/G ratio of 3.00 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the business earned $2.57 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. On average, research analysts forecast that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current year.

Applied Industrial Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.51 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.04 dividend on an annualized basis and a yield of 0.6%. Applied Industrial Technologies’s payout ratio is currently 19.26%.

Insiders Place Their Bets

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total value of $2,448,320.00. Following the completion of the sale, the vice president owned 40,751 shares in the company, valued at approximately $12,471,436.04. The trade was a 16.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AIT shares. Oppenheimer boosted their price objective on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Robert W. Baird set a $317.00 target price on Applied Industrial Technologies in a research report on Wednesday, April 29th. KeyCorp lifted their target price on Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.67.

Applied Industrial Technologies 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.