Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Applied Industrial Technologies, Inc. $AIT

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,891 shares of the industrial products company’s stock after purchasing an additional 232 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Applied Industrial Technologies were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC raised its position in Applied Industrial Technologies by 111.1% in the 1st quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock worth $30,000 after buying an additional 70 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Applied Industrial Technologies by 2,033.3% in the second quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 122 shares during the period. Maseco LLP bought a new stake in shares of Applied Industrial Technologies in the second quarter worth approximately $35,000. SVB Wealth LLC purchased a new position in shares of Applied Industrial Technologies during the first quarter valued at approximately $48,000. Finally, Harbor Investment Advisory LLC lifted its position in Applied Industrial Technologies by 100.6% during the second quarter. Harbor Investment Advisory LLC now owns 321 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 161 shares during the period. 93.52% of the stock is currently owned by institutional investors.

Applied Industrial Technologies Price Performance

Shares of Applied Industrial Technologies stock opened at $248.67 on Friday. The stock has a market cap of $9.38 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 3.55. The stock’s fifty day moving average is $257.36 and its 200 day moving average is $250.00. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $282.98.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.16. Applied Industrial Technologies had a return on equity of 21.86% and a net margin of 8.61%.The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $2.36 earnings per share. Applied Industrial Technologies’s revenue for the quarter was up 9.2% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. Sell-side analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current year.

Applied Industrial Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.7%. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 17.71%.

Analyst Ratings Changes

Several brokerages recently issued reports on AIT. Oppenheimer raised their target price on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Industrial Technologies in a report on Thursday. Industrial Alliance Securities set a $290.00 price objective on Applied Industrial Technologies in a report on Friday, August 22nd. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research report on Wednesday, October 29th. Finally, Raymond James Financial downgraded Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 15th. Six 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.50.

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Kurt W. Loring sold 8,523 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 19,273 shares in the company, valued at $5,147,047.38. This represents a 30.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Neil A. Schrimsher sold 26,671 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $262.46, for a total transaction of $7,000,070.66. Following the completion of the sale, the chief executive officer directly owned 149,735 shares of the company’s stock, valued at approximately $39,299,448.10. This trade represents a 15.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,660 shares of company stock valued at $11,217,980 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Applied Industrial Technologies Profile

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.