Applied Industrial Technologies, Inc. $AIT Stock Holdings Cut by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lessened its stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 0.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,400 shares of the industrial products company’s stock after selling 75 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Applied Industrial Technologies were worth $2,882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Applied Industrial Technologies by 51.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 130 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 44 shares in the last quarter. Rise Advisors LLC grew its position in shares of Applied Industrial Technologies by 111.1% in the first quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. Maseco LLP acquired a new stake in Applied Industrial Technologies during the second quarter worth about $35,000. Harbor Investment Advisory LLC grew its position in Applied Industrial Technologies by 97.5% during the first quarter. Harbor Investment Advisory LLC now owns 160 shares of the industrial products company’s stock worth $36,000 after buying an additional 79 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Applied Industrial Technologies during the first quarter worth about $38,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Applied Industrial Technologies

In related news, VP Kurt W. Loring sold 8,523 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $267.06, for a total value of $2,276,152.38. Following the transaction, the vice president owned 19,273 shares in the company, valued at $5,147,047.38. The trade was a 30.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jason W. Vasquez sold 7,466 shares of Applied Industrial Technologies stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $260.08, for a total transaction of $1,941,757.28. Following the completion of the sale, the vice president directly owned 14,491 shares of the company’s stock, valued at approximately $3,768,819.28. This trade represents a 34.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,660 shares of company stock worth $11,217,980. Company insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Stock Up 0.9%

Shares of AIT opened at $261.55 on Friday. The firm’s 50 day moving average is $265.16 and its 200-day moving average is $242.79. The stock has a market capitalization of $9.87 billion, a PE ratio of 25.85, a P/E/G ratio of 2.76 and a beta of 1.00. The company has a current ratio of 3.32, a quick ratio of 2.36 and a debt-to-equity ratio of 0.31. Applied Industrial Technologies, Inc. has a 12 month low of $199.96 and a 12 month high of $282.98.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.20. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.78%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm posted $2.64 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.000-10.75 EPS. Equities research analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AIT. Robert W. Baird boosted their price target on Applied Industrial Technologies from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Raymond James Financial cut shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, August 15th. Industrial Alliance Securities set a $290.00 price objective on shares of Applied Industrial Technologies in a research report on Friday, August 22nd. Bank of America upped their target price on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Oppenheimer boosted their price target on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

About Applied Industrial Technologies

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.