Bank of America Forecasts Strong Price Appreciation for Applied Industrial Technologies (NYSE:AIT) Stock

Applied Industrial Technologies (NYSE:AIT) had its price objective boosted by Bank of America from $380.00 to $390.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Bank of America‘s price objective suggests a potential upside of 7.75% from the company’s current price.

Several other equities research analysts have also weighed in on AIT. DA Davidson lifted their price target on Applied Industrial Technologies from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Oppenheimer raised their price objective on Applied Industrial Technologies from $350.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday. KeyCorp boosted their target price on shares of Applied Industrial Technologies from $375.00 to $420.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $384.29.

Applied Industrial Technologies Trading Up 1.2%

NYSE AIT traded up $4.33 during trading on Friday, hitting $361.95. The company had a trading volume of 189,094 shares, compared to its average volume of 301,351. 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 has a one year low of $238.34 and a one year high of $374.80. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 3.04 and a beta of 0.84. The company’s fifty day moving average is $336.11 and its 200-day moving average is $302.91.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.25. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $2.80 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. On average, sell-side analysts predict that Applied Industrial Technologies will post 10.71 earnings per share for the current year.

Insider Buying and Selling at Applied Industrial Technologies

In other news, Director Madhuri A. Andrews sold 3,845 shares of Applied Industrial Technologies stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $329.89, for a total value of $1,268,427.05. Following the completion of the transaction, the director owned 4,951 shares of the company’s stock, valued at $1,633,285.39. The trade was a 43.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by insiders.

Institutional Trading of Applied Industrial Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Compound Planning Inc. grew its holdings in shares of Applied Industrial Technologies by 4.7% during the fourth quarter. Compound Planning Inc. now owns 822 shares of the industrial products company’s stock valued at $211,000 after buying an additional 37 shares during the last quarter. US Asset Management LLC raised its holdings in Applied Industrial Technologies by 3.3% in the 4th quarter. US Asset Management LLC now owns 1,266 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 41 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Applied Industrial Technologies by 7.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 653 shares of the industrial products company’s stock worth $170,000 after acquiring an additional 45 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Applied Industrial Technologies by 4.5% in the 1st quarter. Sanctuary Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $308,000 after acquiring an additional 50 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in Applied Industrial Technologies by 4.5% in the 1st quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 58 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

Applied Industrial Technologies News Summary

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

• Positive Sentiment: Earnings and revenue beat expectations. Fiscal Q4 adjusted EPS was $3.17, exceeding the $2.92 consensus and rising from $2.80 a year earlier. Revenue increased approximately 10.4%–10.5% year over year to about $1.35 billion, above the $1.29 billion estimate. AIT Q4 Earnings Beat Estimates on Strong Organic Sales Growth
• Positive Sentiment: Growth and margins support the outlook. Strong organic sales growth, improved margins, and contributions from acquisitions helped drive the quarterly performance. The company also reported an 8.34% net margin and 21.64% return on equity.
• Positive Sentiment: Fiscal 2027 guidance is constructive. AIT forecast EPS of $11.65–$12.15 and revenue of $5.2–$5.3 billion. The EPS range brackets the $11.82 analyst consensus, while the company raised its intermediate financial targets, signaling confidence in continued operating improvement. Applied Industrial Technologies Fiscal 2026 Results and Fiscal 2027 Guidance
• Positive Sentiment: Analysts raised their targets to $400. DA Davidson, Mizuho, and Robert W. Baird each lifted their price target to $400 and maintained bullish ratings, including “buy” or “outperform.” The revisions reflect increased confidence after the earnings beat and imply further upside from recent trading levels. Mizuho Raises AIT Price Target to $400
• Neutral Sentiment: Expectations are elevated. AIT is trading near its 52-week high with a price-to-earnings ratio of roughly 34 and a PEG ratio above 3, leaving the stock sensitive to any slowdown in organic growth, margin expansion, or industrial demand.

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.