Zacks Research Analysts Boost Earnings Estimates for AIT
by Tristan Rich · The Markets DailyApplied Industrial Technologies, Inc. (NYSE:AIT – Free Report) – Zacks Research boosted their Q2 2027 EPS estimates for shares of Applied Industrial Technologies in a report issued on Thursday, April 2nd. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $2.70 for the quarter, up from their previous forecast of $2.69. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.90 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q3 2027 earnings at $2.80 EPS and Q3 2028 earnings at $3.15 EPS.
Applied Industrial Technologies (NYSE:AIT – Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Applied Industrial Technologies had a net margin of 8.49% and a return on equity of 21.74%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business posted $2.39 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS.
Other equities research analysts have also recently issued research reports about the company. KeyCorp raised their price objective on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Wall Street Zen lowered Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 29th. Six 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.38.
Get Our Latest Stock Analysis on Applied Industrial Technologies
Applied Industrial Technologies Stock Down 0.9%
AIT stock opened at $267.04 on Friday. The company has a 50 day moving average price of $271.98 and a two-hundred day moving average price of $263.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.68. The stock has a market capitalization of $9.96 billion, a P/E ratio of 25.41, a PEG ratio of 2.58 and a beta of 0.82. Applied Industrial Technologies has a one year low of $199.96 and a one year high of $296.70.
Applied Industrial Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Applied Industrial Technologies’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 13th. Applied Industrial Technologies’s dividend payout ratio is presently 19.41%.
Insiders Place Their Bets
In other news, VP Jason W. Vasquez sold 5,447 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $287.87, for a total value of $1,568,027.89. Following the completion of the sale, the vice president owned 14,491 shares of the company’s stock, valued at $4,171,524.17. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Warren E. Hoffner III sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $288.62, for a total transaction of $1,154,480.00. Following the completion of the transaction, the vice president directly owned 52,751 shares in the company, valued at approximately $15,224,993.62. This represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,654 shares of company stock worth $8,212,829 over the last ninety days. 1.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in AIT. Torren Management LLC purchased a new stake in shares of Applied Industrial Technologies in the fourth quarter worth about $25,000. Smartleaf Asset Management LLC raised its holdings in shares of Applied Industrial Technologies by 890.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 99 shares of the industrial products company’s stock valued at $26,000 after buying an additional 89 shares during the period. Root Financial Partners LLC acquired a new position in Applied Industrial Technologies during the 3rd quarter worth approximately $27,000. Abich Financial Wealth Management LLC acquired a new position in Applied Industrial Technologies during the 3rd quarter worth approximately $29,000. Finally, Anchor Investment Management LLC purchased a new position in Applied Industrial Technologies in the 4th quarter worth approximately $32,000. 93.52% of the stock is owned by hedge funds and other 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.