Applied Industrial Technologies, Inc. $AIT Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC trimmed its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,135 shares of the industrial products company’s stock after selling 5,347 shares during the quarter. Seizert Capital Partners LLC’s holdings in Applied Industrial Technologies were worth $6,823,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Boston Trust Walden Corp grew its stake in Applied Industrial Technologies by 2.0% in the 2nd quarter. Boston Trust Walden Corp now owns 508,120 shares of the industrial products company’s stock worth $118,113,000 after acquiring an additional 10,015 shares during the period. Norges Bank bought a new stake in Applied Industrial Technologies in the second quarter valued at about $107,228,000. Royal London Asset Management Ltd. lifted its stake in Applied Industrial Technologies by 69.2% during the second quarter. Royal London Asset Management Ltd. now owns 393,743 shares of the industrial products company’s stock worth $91,526,000 after purchasing an additional 161,048 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Applied Industrial Technologies by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock valued at $85,897,000 after purchasing an additional 14,926 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Applied Industrial Technologies by 47.8% in the 2nd quarter. Bank of America Corp DE now owns 374,627 shares of the industrial products company’s stock valued at $87,082,000 after purchasing an additional 121,163 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Applied Industrial Technologies Trading Down 2.0%

Shares of AIT opened at $276.94 on Tuesday. The stock has a fifty day moving average price of $260.37 and a two-hundred day moving average price of $260.43. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.87 and a beta of 0.87. Applied Industrial Technologies, Inc. has a 52-week low of $199.96 and a 52-week high of $284.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.50 and a current ratio of 3.55.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on AIT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. Mizuho set a $305.00 price objective on shares of Applied Industrial Technologies in a research note on Wednesday, October 29th. Six investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $287.50.

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.