Applied Industrial Technologies (NYSE:AIT) Given New $400.00 Price Target at Mizuho

Applied Industrial Technologies (NYSE:AIT) had its price objective boosted by Mizuho from $355.00 to $400.00 in a research report report published on Friday, MarketBeat.com reports. Mizuho currently has an outperform rating on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer raised their price objective on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Robert W. Baird upped their target price on shares of Applied Industrial Technologies from $317.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday. KeyCorp increased their price target on shares of Applied Industrial Technologies from $375.00 to $420.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, DA Davidson began coverage on shares of Applied Industrial Technologies in a research note on Tuesday, June 16th. They set a “buy” rating and a $380.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $384.29.

Applied Industrial Technologies Trading Up 1.3%

Applied Industrial Technologies stock opened at $362.18 on Friday. The business has a 50 day moving average price of $337.04 and a two-hundred day moving average price of $303.32. The company has a quick ratio of 1.97, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. Applied Industrial Technologies has a 12 month low of $238.34 and a 12 month high of $374.80. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 3.08 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Thursday, August 13th. The industrial products company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.25. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Applied Industrial Technologies had a return on equity of 22.17% and a net margin of 8.35%.Applied Industrial Technologies’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 EPS. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. As a group, equities analysts forecast that Applied Industrial Technologies will post 11.8 EPS for the current year.

Applied Industrial Technologies Dividend Announcement

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

Insider Buying and Selling at Applied Industrial Technologies

In other 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 value of $1,268,427.05. Following the completion of the transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Applied Industrial Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jupiter Topco LLC bought a new position in Applied Industrial Technologies in the 2nd quarter valued at $7,742,000. Hsbc Holdings PLC acquired a new stake in shares of Applied Industrial Technologies in the second quarter valued at $9,410,000. Ancora Advisors LLC bought a new position in shares of Applied Industrial Technologies in the second quarter valued at about $676,000. Palisade Capital Management LP bought a new position in shares of Applied Industrial Technologies in the second quarter valued at about $30,896,000. Finally, Canada Pension Plan Investment Board acquired a new position in Applied Industrial Technologies during the 2nd quarter worth about $16,224,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Applied Industrial Technologies

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: Quarterly results beat expectations: Fiscal Q4 earnings were $3.17 per share versus the $2.92 consensus, while revenue reached approximately $1.35 billion-$1.4 billion, ahead of the $1.29 billion estimate. Sales rose about 10.5% year over year, helped by organic growth, while margin gains further supported the results. AIT Q4 Earnings Beat Estimates on Strong Organic Sales Growth
• Positive Sentiment: Constructive fiscal 2027 outlook: AIT forecast revenue of $5.2 billion-$5.3 billion and adjusted EPS of $11.65-$12.15. The company also increased its intermediate financial targets, signaling confidence in continued demand and operating improvement. Fiscal 2026 Results and Fiscal 2027 Guidance
• Positive Sentiment: Analysts raised targets and ratings: Mizuho lifted its target from $355 to $400 and upgraded AIT to “outperform.” Robert W. Baird also raised its target from $317 to $400 with an “outperform” rating, while DA Davidson increased its target from $380 to $400 and maintained a “buy” rating. Bank of America raised its target from $380 to $390 and assigned a “buy” rating. Mizuho Raises AIT Price Target

About Applied Industrial Technologies

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.