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

Applied Industrial Technologies (NYSE:AIT) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share 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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AIT. Mizuho upped their target price on shares of Applied Industrial Technologies from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp lifted their price target on shares of Applied Industrial Technologies from $375.00 to $420.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen raised shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird upped their price objective on shares of Applied Industrial Technologies from $317.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Oppenheimer raised their target price on shares of Applied Industrial Technologies from $350.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Applied Industrial Technologies presently has a consensus rating of “Buy” and an average target price of $384.29.

Applied Industrial Technologies Stock Up 1.3%

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

Applied Industrial Technologies (NYSE:AIT) last released its earnings results 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. Applied Industrial Technologies had a return on equity of 22.17% and a net margin of 8.35%.The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm posted $2.80 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS. On average, research analysts anticipate that Applied Industrial Technologies will post 11.8 earnings per share for the current fiscal year.

Applied Industrial Technologies Dividend Announcement

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

Insider Buying and Selling

In related news, Director Madhuri A. Andrews sold 3,845 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the sale, the director directly owned 4,951 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Key Applied Industrial Technologies News

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC grew its holdings in shares of Applied Industrial Technologies by 22,451.0% during the fourth quarter. Corient Private Wealth LLC now owns 585,423 shares of the industrial products company’s stock valued at $150,319,000 after buying an additional 582,827 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Applied Industrial Technologies by 4,933.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 264,575 shares of the industrial products company’s stock worth $67,935,000 after acquiring an additional 259,319 shares during the last quarter. AQR Capital Management LLC lifted its position in Applied Industrial Technologies by 92.4% in the 4th quarter. AQR Capital Management LLC now owns 430,924 shares of the industrial products company’s stock valued at $110,648,000 after acquiring an additional 206,915 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in Applied Industrial Technologies by 69.2% in the 2nd quarter. Royal London Asset Management Ltd. now owns 393,743 shares of the industrial products company’s stock valued at $91,526,000 after acquiring an additional 161,048 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Applied Industrial Technologies by 24.7% during the 3rd quarter. Wellington Management Group LLP now owns 769,441 shares of the industrial products company’s stock valued at $200,863,000 after purchasing an additional 152,197 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

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.