SG Americas Securities LLC Reduces Position in Applied Industrial Technologies, Inc. $AIT

SG Americas Securities LLC decreased its position in Applied Industrial Technologies, Inc. (NYSE:AIT) by 95.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,840 shares of the industrial products company’s stock after selling 58,054 shares during the quarter. SG Americas Securities LLC’s holdings in Applied Industrial Technologies were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC boosted its stake in shares of Applied Industrial Technologies by 14.4% during the 1st quarter. Evolve Private Wealth LLC now owns 3,258 shares of the industrial products company’s stock worth $864,000 after purchasing an additional 409 shares during the last quarter. Balboa Wealth Partners raised its position in shares of Applied Industrial Technologies by 59.5% in the first quarter. Balboa Wealth Partners now owns 1,399 shares of the industrial products company’s stock valued at $371,000 after buying an additional 522 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Applied Industrial Technologies during the first quarter valued at approximately $1,335,000. Hsbc Holdings PLC lifted its stake in shares of Applied Industrial Technologies by 85.4% during the fourth quarter. Hsbc Holdings PLC now owns 33,807 shares of the industrial products company’s stock valued at $8,733,000 after buying an additional 15,572 shares during the period. Finally, Corient Private Wealth LLC boosted its position in Applied Industrial Technologies by 18.8% during the fourth quarter. Corient Private Wealth LLC now owns 3,085 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 489 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Applied Industrial Technologies Stock Down 3.0%

Shares of NYSE AIT opened at $318.66 on Tuesday. The stock has a market capitalization of $11.78 billion, a PE ratio of 30.07, a P/E/G ratio of 2.86 and a beta of 0.83. 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 fifty day moving average of $316.76 and a 200-day moving average of $288.46. Applied Industrial Technologies, Inc. has a 52-week low of $238.34 and a 52-week high of $345.48.

Applied Industrial Technologies (NYSE:AIT) last issued 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 return on equity of 21.64% and a net margin of 8.34%.The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. 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, analysts anticipate that Applied Industrial Technologies, Inc. will post 10.71 EPS for the current year.

Applied Industrial Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Applied Industrial Technologies’s payout ratio is currently 19.26%.

Insider Transactions at Applied Industrial Technologies

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of Applied Industrial Technologies stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the transaction, the director directly owned 4,951 shares of the company’s stock, valued at $1,633,285.39. The trade was a 43.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Warren E. Hoffner III sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $306.04, for a total transaction of $2,448,320.00. Following the sale, the vice president owned 40,751 shares of the company’s stock, valued at approximately $12,471,436.04. This represents a 16.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AIT has been the subject of several analyst reports. Oppenheimer boosted their price target on Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. DA Davidson started coverage on Applied Industrial Technologies in a research report on Tuesday, June 16th. They issued a “buy” rating and a $380.00 price objective 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. Robert W. Baird set a $317.00 price target on Applied Industrial Technologies in a research note on Wednesday, April 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Applied Industrial Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $323.14.

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.