Investment Analysts’ Weekly Ratings Changes for Applied Industrial Technologies (AIT)

Applied Industrial Technologies (NYSE: AIT) recently received a number of ratings updates from brokerages and research firms:

• 1/30/2025 – Applied Industrial Technologies had its price target raised by analysts at Robert W. Baird from $250.00 to $275.00. They now have an “outperform” rating on the stock.
• 1/30/2025 – Applied Industrial Technologies had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $265.00 price target on the stock, up previously from $250.00.
• 1/23/2025 – Applied Industrial Technologies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/15/2025 – Applied Industrial Technologies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/19/2024 – Applied Industrial Technologies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/3/2024 – Applied Industrial Technologies had its price target raised by analysts at KeyCorp from $275.00 to $325.00. They now have an “overweight” rating on the stock.

Applied Industrial Technologies Trading Down 1.2 %

AIT stock traded down $3.22 during trading on Friday, hitting $260.40. 21,419 shares of the company traded hands, compared to its average volume of 324,035. The company has a 50-day moving average of $257.49 and a 200-day moving average of $232.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.74 and a current ratio of 3.78. Applied Industrial Technologies, Inc. has a 1 year low of $176.32 and a 1 year high of $282.98. The firm has a market capitalization of $10.01 billion, a PE ratio of 26.38, a P/E/G ratio of 3.49 and a beta of 1.08.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.18. Applied Industrial Technologies had a net margin of 8.62% and a return on equity of 22.67%. Analysts predict that Applied Industrial Technologies, Inc. will post 9.77 earnings per share for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, February 14th. Applied Industrial Technologies’s dividend payout ratio (DPR) is currently 14.99%.

Insiders Place Their Bets

In other news, Director Mary Dean Hall sold 2,200 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $275.08, for a total value of $605,176.00. Following the sale, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $952,326.96. This represents a 38.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Warren E. Hoffner III sold 4,000 shares of Applied Industrial Technologies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total value of $1,126,560.00. Following the completion of the transaction, the vice president now directly owns 55,709 shares of the company’s stock, valued at approximately $15,689,882.76. This represents a 6.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Applied Industrial Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Applied Industrial Technologies in the third quarter worth approximately $34,000. First Horizon Advisors Inc. lifted its holdings in shares of Applied Industrial Technologies by 106.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 171 shares of the industrial products company’s stock valued at $38,000 after buying an additional 88 shares during the period. Quarry LP purchased a new position in shares of Applied Industrial Technologies in the 2nd quarter worth $39,000. UMB Bank n.a. grew its holdings in shares of Applied Industrial Technologies by 68.1% in the third quarter. UMB Bank n.a. now owns 190 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 77 shares during the period. Finally, Millburn Ridgefield Corp purchased a new stake in Applied Industrial Technologies during the third quarter valued at $84,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.