Applied Industrial Technologies (NYSE:AIT) Releases FY 2027 Earnings Guidance

Applied Industrial Technologies (NYSE:AIT) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 11.650-12.150 for the period, compared to the consensus estimate of 11.820. The company issued revenue guidance of $5.2 billion-$5.3 billion, compared to the consensus revenue estimate of $5.2 billion. Applied Industrial Technologies also updated its Q1 2027 guidance to EPS.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AIT shares. 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 report on Wednesday, April 29th. KeyCorp raised their price objective on Applied Industrial Technologies from $350.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, July 13th. DA Davidson started coverage on Applied Industrial Technologies in a research note on Tuesday, June 16th. They set a “buy” rating and a $380.00 price target on the stock. Wall Street Zen cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $336.71.

Applied Industrial Technologies Stock Up 0.2%

Applied Industrial Technologies stock opened at $353.04 on Thursday. The firm has a 50 day moving average price of $335.25 and a two-hundred day moving average price of $302.37. 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 has a 52-week low of $238.34 and a 52-week high of $363.59. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 3.04 and a beta of 0.84.

Applied Industrial Technologies Dividend Announcement

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

Insider Buying and Selling

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 stock was sold at an average price of $329.89, for a total value of $1,268,427.05. Following the completion of the sale, the director directly owned 4,951 shares in the company, valued at approximately $1,633,285.39. The trade was a 43.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Applied Industrial Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in Applied Industrial Technologies by 78.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock worth $46,000 after buying an additional 78 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Applied Industrial Technologies in the 4th quarter valued at $46,000. Johnson Financial Group Inc. bought a new stake in Applied Industrial Technologies during the 3rd quarter valued at $69,000. Greenline Wealth Management LLC acquired a new position in Applied Industrial Technologies during the fourth quarter worth $69,000. Finally, Parallel Advisors LLC lifted its stake in shares of Applied Industrial Technologies by 39.5% in the fourth quarter. Parallel Advisors LLC now owns 272 shares of the industrial products company’s stock valued at $70,000 after buying an additional 77 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Applied Industrial Technologies Company 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.