1,528 Shares in Applied Industrial Technologies, Inc. $AIT Bought by BDFS Capital LLC

BDFS Capital LLC acquired a new stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,528 shares of the industrial products company’s stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP boosted its position in Applied Industrial Technologies by 22.7% during the third quarter. First Trust Advisors LP now owns 933,067 shares of the industrial products company’s stock worth $243,577,000 after purchasing an additional 172,857 shares during the period. Distillate Capital Partners LLC bought a new position in shares of Applied Industrial Technologies in the third quarter valued at approximately $13,281,000. Citigroup Inc. raised its position in shares of Applied Industrial Technologies by 44.4% in the third quarter. Citigroup Inc. now owns 30,319 shares of the industrial products company’s stock valued at $7,915,000 after purchasing an additional 9,321 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of Applied Industrial Technologies by 6.4% in the third quarter. Westfield Capital Management Co. LP now owns 234,734 shares of the industrial products company’s stock worth $61,277,000 after buying an additional 14,094 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Applied Industrial Technologies by 91.4% in the third quarter. Barclays PLC now owns 100,244 shares of the industrial products company’s stock worth $26,169,000 after buying an additional 47,868 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Insider Transactions at Applied Industrial Technologies

In other news, VP Warren E. Hoffner III sold 8,000 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AIT. Oppenheimer raised their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Robert W. Baird set a $317.00 target price on shares of Applied Industrial Technologies in a research report on Wednesday, April 29th. DA Davidson started coverage on shares of Applied Industrial Technologies in a report on Tuesday. They set a “buy” rating and a $380.00 price target for the company. Wall Street Zen downgraded Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.14.

Applied Industrial Technologies Stock Up 2.7%

Shares of AIT stock opened at $338.83 on Friday. Applied Industrial Technologies, Inc. has a 12 month low of $223.13 and a 12 month high of $340.37. The company has a quick ratio of 1.97, a current ratio of 2.95 and a debt-to-equity ratio of 0.19. The firm has a market cap of $12.52 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.14 and a beta of 0.84. The stock has a 50 day moving average of $305.90 and a 200-day moving average of $282.09.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $2.57 earnings per share. Applied Industrial Technologies’s quarterly revenue 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, equities analysts predict that Applied Industrial Technologies, Inc. will post 10.71 EPS for the current year.

Applied Industrial Technologies Dividend Announcement

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

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.