What is Zacks Research’s Estimate for AIT Q2 Earnings?

Applied Industrial Technologies, Inc. (NYSE:AIT) – Stock analysts at Zacks Research increased their Q2 2027 earnings estimates for Applied Industrial Technologies in a research note issued to investors on Thursday, September 3rd. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $2.76 per share for the quarter, up from their prior estimate of $2.72. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $11.96 per share. Zacks Research also issued estimates for Applied Industrial Technologies’ Q3 2027 earnings at $2.95 EPS, Q4 2027 earnings at $3.27 EPS, FY2027 earnings at $11.79 EPS, Q1 2028 earnings at $3.15 EPS, Q2 2028 earnings at $2.91 EPS and FY2029 earnings at $14.15 EPS.

AIT has been the topic of a number of other reports. Bank of America boosted their target price on Applied Industrial Technologies from $380.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a research note on Tuesday, July 21st. DA Davidson boosted their price objective on shares of Applied Industrial Technologies from $380.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. KeyCorp increased their price objective on shares of Applied Industrial Technologies from $375.00 to $420.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Finally, Oppenheimer raised their target price on shares of Applied Industrial Technologies from $350.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $400.00.

Applied Industrial Technologies Stock Performance

AIT opened at $325.36 on Monday. Applied Industrial Technologies has a 1-year low of $238.34 and a 1-year high of $374.80. The stock has a market cap of $11.94 billion, a P/E ratio of 29.69, a P/E/G ratio of 2.61 and a beta of 0.83. The stock’s 50 day simple moving average is $338.98 and its 200 day simple moving average is $310.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.75.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Thursday, August 13th. The industrial products company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.25. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Applied Industrial Technologies had a net margin of 8.35% and a return on equity of 22.17%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $2.80 earnings per share. Applied Industrial Technologies has set its FY 2027 guidance at 11.650-12.150 EPS.

Institutional Investors Weigh In On Applied Industrial Technologies

Several hedge funds have recently made changes to their positions in AIT. Goldman Sachs Group Inc. lifted its holdings in shares of Applied Industrial Technologies by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after acquiring an additional 14,926 shares during the period. Empowered Funds LLC acquired a new stake in Applied Industrial Technologies during the 1st quarter worth approximately $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Applied Industrial Technologies by 12.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,348 shares of the industrial products company’s stock valued at $22,162,000 after buying an additional 10,863 shares during the period. Focus Partners Wealth raised its holdings in Applied Industrial Technologies by 4.5% in the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock valued at $302,000 after buying an additional 58 shares during the period. Finally, M&T Bank Corp acquired a new position in Applied Industrial Technologies during the second quarter valued at approximately $217,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Activity at Applied Industrial Technologies

In related news, CFO David Wells sold 1,812 shares of Applied Industrial Technologies stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $355.10, for a total transaction of $643,441.20. Following the completion of the sale, the chief financial officer owned 32,050 shares in the company, valued at approximately $11,380,955. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter Wallace sold 1,904 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $340.45, for a total transaction of $648,216.80. Following the completion of the transaction, the director directly owned 22,859 shares of the company’s stock, valued at $7,782,346.55. The trade was a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,561 shares of company stock valued at $2,560,085 over the last quarter. Insiders own 1.60% of the company’s stock.

Applied Industrial Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.6%. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 18.61%.

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.