Universal Beteiligungs und Servicegesellschaft mbH Sells 10,239 Shares of Applied Industrial Technologies, Inc. $AIT

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in Applied Industrial Technologies, Inc. (NYSE:AIT) by 20.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,586 shares of the industrial products company’s stock after selling 10,239 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Applied Industrial Technologies worth $9,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. grew its stake in shares of Applied Industrial Technologies by 27.9% during the first quarter. Alyeska Investment Group L.P. now owns 602,798 shares of the industrial products company’s stock valued at $135,835,000 after buying an additional 131,465 shares during the last quarter. Boston Trust Walden Corp increased its stake in Applied Industrial Technologies by 2.0% in the second quarter. Boston Trust Walden Corp now owns 508,120 shares of the industrial products company’s stock worth $118,113,000 after purchasing an additional 10,015 shares during the period. Alliancebernstein L.P. increased its stake in Applied Industrial Technologies by 452.6% in the first quarter. Alliancebernstein L.P. now owns 436,565 shares of the industrial products company’s stock worth $98,376,000 after purchasing an additional 357,568 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 period. Finally, Millennium Management LLC grew its holdings in shares of Applied Industrial Technologies by 144.0% in the first quarter. Millennium Management LLC now owns 320,903 shares of the industrial products company’s stock worth $72,312,000 after purchasing an additional 189,408 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Applied Industrial Technologies Price Performance

Shares of AIT stock opened at $242.81 on Friday. Applied Industrial Technologies, Inc. has a fifty-two week low of $199.96 and a fifty-two week high of $282.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 3.55. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.61 and a beta of 0.99. The stock’s 50-day simple moving average is $255.55 and its 200-day simple moving average is $250.19.

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

Applied Industrial Technologies Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have issued reports on AIT. Industrial Alliance Securities set a $290.00 price objective on shares of Applied Industrial Technologies in a research report on Friday, August 22nd. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research note on Wednesday, October 29th. Oppenheimer lifted their target price on Applied Industrial Technologies from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Bank of America raised their price target on Applied Industrial Technologies from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Finally, Raymond James Financial lowered shares of Applied Industrial Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, August 15th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Applied Industrial Technologies has an average rating of “Moderate Buy” and a consensus target price of $287.50.

Applied Industrial Technologies Profile

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.