Quantinno Capital Management LP Increases Holdings in Applied Industrial Technologies, Inc. $AIT

Quantinno Capital Management LP lifted its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 89.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,182 shares of the industrial products company’s stock after acquiring an additional 4,794 shares during the quarter. Quantinno Capital Management LP’s holdings in Applied Industrial Technologies were worth $2,702,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AIT. Corient Private Wealth LLC boosted its stake 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 purchasing an additional 582,827 shares during the period. Norges Bank bought a new position in Applied Industrial Technologies in the fourth quarter worth about $125,044,000. M&T Bank Corp raised its stake 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 in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Applied Industrial Technologies by 4,933.8% in the fourth 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 buying an additional 259,319 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Applied Industrial Technologies by 34.3% in the first quarter. First Trust Advisors LP now owns 978,840 shares of the industrial products company’s stock worth $259,706,000 after buying an additional 249,961 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Applied Industrial Technologies Trading Up 0.0%

Shares of NYSE:AIT opened at $359.97 on Monday. The stock has a 50 day moving average of $332.39 and a 200 day moving average of $300.80. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19. The company has a market cap of $13.30 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.84. Applied Industrial Technologies, Inc. has a 12-month low of $238.34 and a 12-month high of $362.93.

Applied Industrial Technologies Announces Dividend

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

More Applied Industrial Technologies News

Here are the key news stories impacting Applied Industrial Technologies this week:

• Positive Sentiment: Zacks Research raised EPS estimates across multiple future periods. Forecasts increased for Q4 2026 to $2.90 from $2.89, Q3 2027 to $2.90 from $2.88, Q4 2027 to $3.26 from $3.25, and fiscal 2027 to $11.69 from $11.65. Estimates for 2028 also moved higher, including fiscal-year EPS of $12.76 versus $12.73 previously. The revisions signal slightly improved analyst expectations for Applied Industrial Technologies’ earnings growth and may support investor sentiment. Applied Industrial Technologies stock information
• Neutral Sentiment: Investors are also looking ahead to the company’s upcoming earnings report. Applied Industrial Technologies is expected to announce results on Thursday, creating a near-term catalyst. The current full-year consensus EPS estimate is $10.71, but the cited reports contain no new operating results, revenue guidance, or changes to the company’s official outlook. Applied Industrial Technologies expected earnings announcement

Insider Activity

In related news, Director Madhuri A. Andrews sold 3,845 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $329.89, for a total transaction of $1,268,427.05. Following the completion of the sale, the director owned 4,951 shares in the company, valued at approximately $1,633,285.39. This trade represents a 43.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

AIT has been the subject of a number of research reports. Robert W. Baird set a $317.00 price objective on Applied Industrial Technologies in a report on Wednesday, April 29th. Oppenheimer raised their price target on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. DA Davidson assumed coverage on Applied Industrial Technologies in a research report on Tuesday, June 16th. They issued a “buy” rating and a $380.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Tuesday, July 21st. Finally, KeyCorp raised their target price on shares of Applied Industrial Technologies from $350.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.71.

Applied Industrial Technologies 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.