DA Davidson Reiterates Buy Rating on Applied Industrial Technologies

DA Davidson has reiterated its buy rating on Applied Industrial Technologies, Inc. (NYSE:AIT) on June 16, 2026. The firm set a price target of $380, suggesting potential upside from the current trading price of $320.79. Analyst Chris Dankert emphasized the company's strong market position.

Other Institutional Activity in Applied Industrial Technologies

Several major institutional investors have been active in Applied Industrial Technologies recently. BlackRock, Inc. increased its holdings by 86,757 shares, bringing its total to 3,838,564 shares valued at approximately $1.02 billion. Vanguard Portfolio Management LLC completely bought into the stock with 2,122,438 shares worth about $563.13 million. Similarly, Vanguard Capital Management LLC acquired 1,669,795 shares valued at $443.03 million. State Street Corp added 18,134 shares to its holdings, ending with 1,207,223 shares valued at $320.3 million. First Trust Advisors LP significantly boosted its position by 249,961 shares, totaling 978,840 shares worth $259.71 million.

Applied Industrial Technologies Stock Snapshot

Shares of Applied Industrial Technologies are trading near $320.79. The company has a market cap of approximately $11.69 billion. Its price-to-earnings ratio is 29.9, with a forward P/E of 26.8, indicating expectations of future earnings growth. The stock has a beta of 0.853, suggesting lower volatility compared to the market. Over the past year, the stock has ranged from $223.13 to $326.41. The 50-day moving average is $302.73, and the 200-day moving average is $273.51. The company maintains a current ratio of 2.947 and a quick ratio of 1.833, with a debt-to-equity ratio of 19.639.

Recent Earnings

In its latest earnings report, Applied Industrial Technologies posted revenue of $4.84 billion, reflecting a growth of 7.3%. The company reported an earnings per share (EPS) of $10.59, with a net margin of 8.34% and a return on equity (ROE) of 21.9%. The next earnings report is expected on August 13, 2026.

Dividend

Applied Industrial Technologies offers an annual dividend rate of $2.04, yielding 0.65%. The dividend payout ratio is 17.86%, indicating a conservative payout strategy.

Insider Buying and Selling at Applied Industrial Technologies, Inc.

Insider activity at Applied Industrial Technologies has shown some selling. On May 5, 2026, Warren Hoffner III, VP and General Manager of Fluid Power, sold 8,000 shares at an average price of $306.04. Earlier, on April 24, 2026, Jon Ploetz, VP-General Counsel & Secretary, sold 146 shares at $293.35. Peter Wallace sold 5,000 shares on February 26, 2026, at $285.03.

Analysts Set New Price Targets

On June 16, 2026, DA Davidson reiterated its buy rating with a $380 price target. Oppenheimer maintained its buy rating on April 29, 2026, with a target of $350. Keybanc also maintained a buy rating on February 26, 2026, with a target of $330. The consensus among analysts is a buy rating, with an average target price of $334 based on five opinions.

About Applied Industrial Technologies

Applied Industrial Technologies, Inc. is a leading distributor of industrial motion, power, control, and automation technology solutions. Headquartered in Cleveland, Ohio, the company serves various markets, including the United States, Canada, and several other countries. It operates through its Service Center and Engineered Solutions segments. The company provides a wide range of products and services, including industrial bearings, power transmission, fluid power components, and automation technologies. Led by CEO Neil A. Schrimsher, Applied Industrial Technologies employs approximately 6,859 people.

Bottom Line

DA Davidson's reiteration of a buy rating for Applied Industrial Technologies reflects confidence in the company's prospects. The stock has shown strong institutional interest, with significant positions held by major funds like BlackRock and Vanguard. Investors may want to keep an eye on upcoming earnings in August, as well as insider trading activity, for further insights into the company's performance.