Measured Wealth Private Client Group LLC Has $1.08 Million Stock Position in Applied Industrial Technologies, Inc. $AIT

Measured Wealth Private Client Group LLC grew its stake in Applied Industrial Technologies, Inc. (NYSE:AIT) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,654 shares of the industrial products company’s stock after purchasing an additional 251 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Applied Industrial Technologies were worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AIT. GAMMA Investing LLC lifted its stake in shares of Applied Industrial Technologies by 2.9% in the second quarter. GAMMA Investing LLC now owns 1,453 shares of the industrial products company’s stock valued at $338,000 after buying an additional 41 shares during the period. Ritholtz Wealth Management raised its holdings in Applied Industrial Technologies by 0.3% in the 2nd quarter. Ritholtz Wealth Management now owns 15,526 shares of the industrial products company’s stock valued at $3,609,000 after acquiring an additional 53 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Applied Industrial Technologies by 9.9% in the 2nd quarter. Contravisory Investment Management Inc. now owns 645 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 58 shares during the period. Focus Partners Wealth grew its holdings in shares of Applied Industrial Technologies by 4.5% during the 1st quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 58 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Applied Industrial Technologies by 18.1% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 418 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 64 shares during the period. Institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

AIT has been the subject of a number of recent research reports. Industrial Alliance Securities set a $290.00 target price on Applied Industrial Technologies in a research note on Friday, August 22nd. Bank of America raised their price objective on shares of Applied Industrial Technologies from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Industrial Technologies in a research report on Tuesday. Robert W. Baird upped their price objective on Applied Industrial Technologies from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Finally, Oppenheimer raised their target price on Applied Industrial Technologies from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.50.

Applied Industrial Technologies Stock Up 0.6%

Shares of NYSE:AIT opened at $257.23 on Friday. The company has a quick ratio of 2.36, a current ratio of 3.55 and a debt-to-equity ratio of 0.30. The firm has a market cap of $9.70 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.61 and a beta of 0.99. Applied Industrial Technologies, Inc. has a 12 month low of $199.96 and a 12 month high of $282.98. The company’s 50-day moving average price is $254.72 and its two-hundred day moving average price is $251.34.

Applied Industrial Technologies (NYSE:AIT) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.16. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $2.36 earnings per share. Applied Industrial Technologies’s quarterly revenue was up 9.2% on a year-over-year basis. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. As a group, research analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, November 14th. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 17.71%.

About Applied Industrial Technologies

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.