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

Applied Industrial Technologies, Inc. (NYSE:AIT) – Research analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for Applied Industrial Technologies in a report issued on Monday, January 13th. Zacks Research analyst S. Roy now anticipates that the industrial products company will post earnings of $2.54 per share for the quarter, down from their prior forecast of $2.55. The consensus estimate for Applied Industrial Technologies’ current full-year earnings is $9.76 per share.

Several other equities analysts also recently commented on AIT. StockNews.com upgraded Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Bank of America raised Applied Industrial Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $285.00 to $315.00 in a research note on Tuesday, November 26th. KeyCorp lifted their price target on shares of Applied Industrial Technologies from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Mizuho started coverage on shares of Applied Industrial Technologies in a report on Tuesday, October 22nd. They set an “outperform” rating and a $285.00 price target for the company. Finally, Oppenheimer lifted their price objective on Applied Industrial Technologies from $260.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $285.71.

Applied Industrial Technologies Stock Down 0.1 %

Applied Industrial Technologies stock opened at $253.08 on Thursday. The company has a current ratio of 3.78, a quick ratio of 2.74 and a debt-to-equity ratio of 0.33. Applied Industrial Technologies has a 1-year low of $166.37 and a 1-year high of $282.98. The firm’s fifty day simple moving average is $259.84 and its 200-day simple moving average is $228.23. The company has a market capitalization of $9.73 billion, a P/E ratio of 25.82, a P/E/G ratio of 3.71 and a beta of 1.08.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.25 by $0.11. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Applied Industrial Technologies had a return on equity of 22.68% and a net margin of 8.57%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.39 EPS.

Hedge Funds Weigh In On Applied Industrial Technologies

A number of hedge funds have recently made changes to their positions in AIT. Private Advisor Group LLC increased its stake in Applied Industrial Technologies by 9.6% in the second quarter. Private Advisor Group LLC now owns 2,718 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 237 shares during the period. Headlands Technologies LLC acquired a new stake in Applied Industrial Technologies during the second quarter valued at approximately $26,000. DekaBank Deutsche Girozentrale grew its stake in shares of Applied Industrial Technologies by 198.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,866 shares of the industrial products company’s stock valued at $3,599,000 after purchasing an additional 12,535 shares during the period. Thoroughbred Financial Services LLC acquired a new position in shares of Applied Industrial Technologies in the 2nd quarter worth approximately $268,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Applied Industrial Technologies in the 2nd quarter valued at $242,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Activity at Applied Industrial Technologies

In related news, VP Warren E. Hoffner III sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total value of $1,126,560.00. Following the completion of the transaction, the vice president now directly owns 55,709 shares in the company, valued at approximately $15,689,882.76. This represents a 6.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Dean Hall sold 2,200 shares of Applied Industrial Technologies stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $275.08, for a total transaction of $605,176.00. Following the sale, the director now owns 3,462 shares in the company, valued at $952,326.96. This represents a 38.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.67% of the company’s stock.

Applied Industrial Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, November 15th. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 15.10%.

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.