Kennedy Capital Management LLC Acquires 7,507 Shares of Applied Industrial Technologies, Inc. $AIT

Kennedy Capital Management LLC lifted its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 13.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 63,864 shares of the industrial products company’s stock after buying an additional 7,507 shares during the quarter. Kennedy Capital Management LLC’s holdings in Applied Industrial Technologies were worth $16,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AIT. Capital International Investors bought a new stake in shares of Applied Industrial Technologies during the third quarter valued at approximately $200,456,000. Norges Bank bought a new stake in Applied Industrial Technologies in the 4th quarter worth approximately $125,044,000. M&T Bank Corp boosted its stake in shares of Applied Industrial Technologies by 33,181.4% during the 4th quarter. M&T Bank Corp now owns 300,864 shares of the industrial products company’s stock worth $81,322,000 after acquiring an additional 299,960 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Applied Industrial Technologies by 1,628.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 196,946 shares of the industrial products company’s stock worth $50,570,000 after acquiring an additional 185,553 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Applied Industrial Technologies by 22.7% during the 3rd quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock worth $243,577,000 after acquiring an additional 172,857 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Stock Up 0.2%

AIT opened at $319.51 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95. Applied Industrial Technologies, Inc. has a fifty-two week low of $223.13 and a fifty-two week high of $326.41. The firm’s fifty day moving average is $301.24 and its 200 day moving average is $279.90. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 3.05 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last released its earnings results 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 net margin of 8.34% and a return on equity of 21.64%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company earned $2.57 EPS. Applied Industrial Technologies’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, sell-side analysts forecast that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current fiscal year.

Applied Industrial Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

AIT has been the topic of several analyst reports. Oppenheimer lifted their price target on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. KeyCorp lifted their price target on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Friday, April 24th. Wall Street Zen cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Robert W. Baird set a $317.00 price target on shares of Applied Industrial Technologies in a research note on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.67.

Insider Buying and Selling at Applied Industrial Technologies

In related news, VP Warren E. Hoffner III sold 8,000 shares of Applied Industrial Technologies stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

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.