Applied Industrial Technologies (NYSE:AIT) Raised to “Buy” at Wall Street Zen

by · The Cerbat Gem

Applied Industrial Technologies (NYSE:AIT – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

AIT has been the topic of several other research reports. Bank of America lifted their target price on Applied Industrial Technologies from $380.00 to $390.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird increased their price target on Applied Industrial Technologies from $317.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday. KeyCorp raised their price objective on Applied Industrial Technologies from $375.00 to $420.00 and gave the company an “overweight” rating in a research note on Friday. DA Davidson upped their target price on shares of Applied Industrial Technologies from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $384.29.

Check Out Our Latest Research Report on AIT

Applied Industrial Technologies Trading Up 0.1%

AIT opened at $362.18 on Friday. Applied Industrial Technologies has a fifty-two week low of $238.34 and a fifty-two week high of $374.80. The firm has a market capitalization of $13.39 billion, a PE ratio of 33.05, a P/E/G ratio of 3.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.75. The company’s 50-day moving average is $337.04 and its 200 day moving average is $303.48.

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

Insider Buying and Selling

In other Applied Industrial Technologies news, Director Madhuri A. Andrews sold 3,845 shares of Applied Industrial Technologies stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $329.89, for a total value of $1,268,427.05. Following the sale, the director owned 4,951 shares of the company’s stock, valued at approximately $1,633,285.39. The trade was a 43.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Applied Industrial Technologies

Several large investors have recently modified their holdings of AIT. BlackRock Inc. purchased a new position in Applied Industrial Technologies in the second quarter valued at approximately $1,336,805,000. Corient Private Wealth LLC grew its holdings in 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 purchasing an additional 582,827 shares during the period. Norges Bank purchased a new stake in Applied Industrial Technologies in the fourth quarter worth $125,044,000. M&T Bank Corp increased its position in Applied Industrial Technologies by 33,181.4% in the fourth quarter. M&T Bank Corp now owns 300,864 shares of the industrial products company’s stock worth $81,322,000 after buying an additional 299,960 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Applied Industrial Technologies in the second quarter valued at $93,672,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Key Headlines Impacting Applied Industrial Technologies

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

Applied Industrial Technologies Company Profile

(Get 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.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.

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