Vest Financial LLC Grows Position in Applied Industrial Technologies, Inc. $AIT

Vest Financial LLC boosted its holdings in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 15.6% during the 3rd quarter, Holdings Channel reports. The fund owned 20,784 shares of the industrial products company’s stock after buying an additional 2,801 shares during the period. Vest Financial LLC’s holdings in Applied Industrial Technologies were worth $5,426,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Applied Industrial Technologies in the 2nd quarter worth approximately $107,228,000. Qube Research & Technologies Ltd bought a new position in Applied Industrial Technologies in the second quarter worth approximately $81,722,000. Dundas Partners LLP boosted its position in Applied Industrial Technologies by 12,956.0% during the 2nd quarter. Dundas Partners LLP now owns 266,212 shares of the industrial products company’s stock valued at $61,881,000 after acquiring an additional 264,173 shares in the last quarter. Squarepoint Ops LLC boosted its position in Applied Industrial Technologies by 11,885.4% during the 2nd quarter. Squarepoint Ops LLC now owns 258,286 shares of the industrial products company’s stock valued at $60,039,000 after acquiring an additional 256,131 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of 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 during the period. Institutional investors own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AIT. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Monday, December 29th. Mizuho set a $305.00 price target on shares of Applied Industrial Technologies in a research report on Wednesday, October 29th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Applied Industrial Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $287.50.

Applied Industrial Technologies Trading Up 2.3%

Applied Industrial Technologies stock opened at $283.76 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.50 and a current ratio of 3.55. The stock has a market cap of $10.70 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87. The stock has a 50-day moving average of $261.36 and a two-hundred day moving average of $260.81. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $286.19.

Applied Industrial Technologies (NYSE:AIT) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.16. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.36 earnings per share. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. On average, research analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

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.