Lisanti Capital Growth LLC Trims Stake in Applied Industrial Technologies, Inc. $AIT

Lisanti Capital Growth LLC reduced its holdings in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 13.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,355 shares of the industrial products company’s stock after selling 2,440 shares during the period. Lisanti Capital Growth LLC’s holdings in Applied Industrial Technologies were worth $3,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AIT. Torren Management LLC purchased a new stake in Applied Industrial Technologies during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC increased its holdings in Applied Industrial Technologies by 890.0% during the third 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 last quarter. Root Financial Partners LLC purchased a new stake in Applied Industrial Technologies during the third quarter valued at approximately $27,000. Abich Financial Wealth Management LLC purchased a new stake in Applied Industrial Technologies during the third quarter valued at approximately $29,000. Finally, V Square Quantitative Management LLC purchased a new stake in Applied Industrial Technologies during the fourth quarter valued at approximately $34,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Applied Industrial Technologies Stock Performance

AIT opened at $307.39 on Friday. The firm has a market cap of $11.36 billion, a P/E ratio of 29.03, a PEG ratio of 2.93 and a beta of 0.86. Applied Industrial Technologies, Inc. has a 1-year low of $218.48 and a 1-year high of $317.10. The company has a 50 day simple moving average of $285.68 and a two-hundred day simple moving average of $273.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 earnings per share. 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. Equities analysts forecast that Applied Industrial Technologies, Inc. will post 10.7 earnings per share for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, May 15th. Applied Industrial Technologies’s dividend payout ratio is presently 19.26%.

Trending Headlines about Applied Industrial Technologies

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

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.68 from $10.58, suggesting stronger expected earnings this year. Applied Industrial Technologies stock page
• Positive Sentiment: The firm also increased FY2027 EPS to $11.60 from $11.48 and FY2028 EPS to $12.67 from $12.62, reinforcing a bullish longer-term earnings trend. Applied Industrial Technologies stock page
• Positive Sentiment: Quarterly estimates for Q1 2027, Q3 2027, and Q3 2028 were all nudged higher, which may support investor confidence in AIT’s operating momentum. Applied Industrial Technologies stock page
• Neutral Sentiment: One outlier was a cut to the Q2 2028 EPS estimate to $2.87 from $3.00, but this was offset by increases in several other periods. Applied Industrial Technologies stock page
• Neutral Sentiment: Most of the revisions are small, so the stock’s move likely reflects modest analyst optimism rather than a major new catalyst. Applied Industrial Technologies stock page

Insider Buying and Selling at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Warren E. Hoffner III sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $306.04, for a total value of $2,448,320.00. Following the completion of the transaction, the vice president directly owned 40,751 shares in the company, valued at $12,471,436.04. This represents a 16.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AIT. Oppenheimer upped their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Robert W. Baird set a $317.00 target price on shares of Applied Industrial Technologies in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Friday, April 24th. Finally, KeyCorp upped their price target on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $313.67.

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.