Seizert Capital Partners LLC Cuts Position in Applied Industrial Technologies, Inc. $AIT

Seizert Capital Partners LLC decreased its position in Applied Industrial Technologies, Inc. (NYSE:AIT) by 41.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,482 shares of the industrial products company’s stock after selling 22,214 shares during the quarter. Seizert Capital Partners LLC owned 0.08% of Applied Industrial Technologies worth $7,318,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC increased its position in shares of Applied Industrial Technologies by 111.1% in the 1st quarter. Rise Advisors LLC now owns 133 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Applied Industrial Technologies by 2,033.3% during the second quarter. Hantz Financial Services Inc. now owns 128 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 122 shares in the last quarter. Maseco LLP acquired a new position in shares of Applied Industrial Technologies during the second quarter worth $35,000. SVB Wealth LLC purchased a new position in Applied Industrial Technologies in the first quarter valued at $48,000. Finally, Harbor Investment Advisory LLC lifted its holdings in Applied Industrial Technologies by 100.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 321 shares of the industrial products company’s stock worth $75,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Stock Performance

NYSE AIT opened at $242.46 on Wednesday. The business’s 50-day moving average price is $256.47 and its 200 day moving average price is $250.29. 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 $9.14 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.61 and a beta of 0.99. Applied Industrial Technologies, Inc. has a 52-week low of $199.96 and a 52-week high of $282.98.

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 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 analyst estimates of $1.19 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. Applied Industrial Technologies’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. On average, equities research analysts expect that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current year.

Applied Industrial Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, November 14th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Industrial Technologies’s payout ratio is presently 17.71%.

Analyst Ratings Changes

AIT has been the topic of several recent analyst reports. Oppenheimer increased their price target on shares of Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Raymond James Financial cut shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 15th. Mizuho set a $305.00 target price on shares of Applied Industrial Technologies in a research report on Wednesday, October 29th. Industrial Alliance Securities set a $290.00 price target on shares of Applied Industrial Technologies in a research note on Friday, August 22nd. Finally, Wall Street Zen raised Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.50.

Insider Activity

In related news, VP Jason W. Vasquez sold 7,466 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $260.08, for a total value of $1,941,757.28. Following the completion of the sale, the vice president owned 14,491 shares in the company, valued at $3,768,819.28. This trade represents a 34.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Neil A. Schrimsher sold 26,671 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $262.46, for a total value of $7,000,070.66. Following the completion of the transaction, the chief executive officer directly owned 149,735 shares of the company’s stock, valued at $39,299,448.10. The trade was a 15.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,660 shares of company stock valued at $11,217,980 in the last three months. 1.60% of the stock is currently owned by company insiders.

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.