Applied Industrial Technologies (NYSE:AIT) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Applied Industrial Technologies (NYSE:AIT) announced its quarterly earnings data on Wednesday. The industrial products company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.18, Zacks reports. Applied Industrial Technologies had a return on equity of 22.67% and a net margin of 8.62%. Applied Industrial Technologies updated its FY 2025 guidance to 9.650-10.050 EPS.

Applied Industrial Technologies Stock Performance

Shares of NYSE AIT traded down $4.79 during midday trading on Friday, hitting $258.84. 11,428 shares of the stock traded hands, compared to its average volume of 323,623. Applied Industrial Technologies has a one year low of $176.32 and a one year high of $282.98. The firm has a market capitalization of $9.95 billion, a P/E ratio of 26.20, a PEG ratio of 3.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.74 and a current ratio of 3.78. The firm has a 50-day moving average of $257.49 and a two-hundred day moving average of $232.96.

Applied Industrial Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.37. Applied Industrial Technologies’s payout ratio is currently 14.99%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. KeyCorp lifted their price target on Applied Industrial Technologies from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. StockNews.com cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Mizuho assumed coverage on shares of Applied Industrial Technologies in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $285.00 target price on the stock. Loop Capital increased their price objective on Applied Industrial Technologies from $230.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Robert W. Baird raised their price target on Applied Industrial Technologies from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Applied Industrial Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $291.43.

Insider Activity

In related news, VP Warren E. Hoffner III sold 4,000 shares of the firm’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 owns 55,709 shares in the company, valued at $15,689,882.76. This trade represents a 6.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Dean Hall sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $275.08, for a total value of $605,176.00. Following the completion of the sale, the director now owns 3,462 shares in the company, valued at approximately $952,326.96. This represents a 38.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.67% of the company’s stock.

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.