4,075 Shares in Applied Industrial Technologies, Inc. $AIT Purchased by Lisanti Capital Growth LLC

20 Aug 2026, 10:25 by Kim Johansen · The Markets Daily

Lisanti Capital Growth LLC acquired a new stake in shares of Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,075 shares of the industrial products company’s stock, valued at approximately $1,378,000.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Applied Industrial Technologies in the 4th quarter worth about $125,044,000. Thrivent Financial for Lutherans grew its holdings in 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 valued at $50,570,000 after purchasing an additional 185,553 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Applied Industrial Technologies by 40.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,572 shares of the industrial products company’s stock valued at $5,539,000 after purchasing an additional 6,254 shares during the last quarter. M&T Bank Corp raised its position in Applied Industrial Technologies by 33,181.4% in the 4th quarter. M&T Bank Corp now owns 300,864 shares of the industrial products company’s stock worth $81,322,000 after purchasing an additional 299,960 shares during the period. Finally, Moran Wealth Management LLC raised its position in Applied Industrial Technologies by 86.5% in the 1st quarter. Moran Wealth Management LLC now owns 26,333 shares of the industrial products company’s stock worth $6,987,000 after purchasing an additional 12,211 shares during the period. 93.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Applied Industrial Technologies

In related news, Director Madhuri A. Andrews sold 3,845 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the completion of the sale, the director directly owned 4,951 shares in the company, valued at $1,633,285.39. This represents a 43.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is owned by company insiders.

Applied Industrial Technologies Price Performance

NYSE AIT opened at $346.76 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 2.58. The firm’s 50 day moving average price is $339.19 and its 200-day moving average price is $305.46. Applied Industrial Technologies, Inc. has a 52-week low of $238.34 and a 52-week high of $374.80. The company has a market cap of $12.73 billion, a PE ratio of 31.64, a P/E/G ratio of 2.85 and a beta of 0.84.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The industrial products company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.25. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Applied Industrial Technologies had a net margin of 8.35% and a return on equity of 22.17%. Applied Industrial Technologies’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.80 earnings per share. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. Sell-side analysts forecast that Applied Industrial Technologies, Inc. will post 11.95 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The business also recently declared 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. 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 presently 18.61%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AIT. DA Davidson boosted their target price on Applied Industrial Technologies from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Mizuho increased their target price on Applied Industrial Technologies from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. KeyCorp lifted their target price on Applied Industrial Technologies from $375.00 to $420.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Bank of America boosted their target price on shares of Applied Industrial Technologies from $380.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $384.29.

Check Out Our Latest Research Report on AIT

Applied Industrial Technologies Profile

(Free Report)

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.