Rockefeller Capital Management L.P. 13F: Adds $595K to AIT Stake

Rockefeller Capital Management recently boosted its investment in Applied Industrial Technologies, Inc. (NYSE: AIT), increasing its holdings by 1,757 shares. This move, disclosed in a Form 13F filing with the SEC, raised the firm's stake by 3.13% to a total of 57,912 shares, valued at approximately $19.35 million as of the reporting period.

What Changed in Rockefeller Capital Management's Applied Industrial Position

Rockefeller Capital Management added 1,757 shares of Applied Industrial Technologies, moving its total holdings to 57,912 shares. This represents a 3.13% increase from its previous position of 56,155 shares. The investment's value now stands at about $19.35 million, indicating a positive outlook on the company's potential.

Other Institutional Activity in Applied Industrial Technologies

Several other institutional investors also adjusted their positions in Applied Industrial Technologies. BlackRock, Inc. increased its holdings by 86,757 shares, bringing its total to 3,838,564 shares worth roughly $1.02 billion. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both significantly added to their positions, now holding 2,122,438 shares valued at $563.13 million and 1,669,795 shares valued at $443.03 million, respectively. State Street Corp also raised its stake by 18,134 shares, totaling 1,207,223 shares worth around $320.3 million. First Trust Advisors LP made a notable addition of 249,961 shares, ending with 978,840 shares valued at $259.71 million.

Applied Industrial Technologies, Inc. Stock Up 5.2%

Shares of NYSE:AIT are trading near $334.10. Applied Industrial Technologies has a market capitalization of approximately $12.49 billion and a P/E ratio of 31.97. The stock's beta is 0.853, indicating less volatility compared to the market. It has experienced a 52-week low of $223.13 and a high of $340.37. The company's 50-day moving average is $306.12, while the 200-day moving average is $274.50.

Recent Earnings

Applied Industrial Technologies reported revenue of approximately $4.84 billion, reflecting a growth rate of 7.3%. The company's net margin stands at 8.34%, with a return on equity of 21.9%. Earnings per share were reported at $10.57. The next earnings announcement is expected on August 13, 2026.

Dividend

The company pays an annual dividend of $2.04 per share, yielding 0.63%. The dividend payout ratio is 17.86%, providing shareholders with a steady income stream.

Insider Buying and Selling at Applied Industrial Technologies, Inc.

Recent insider activity at Applied Industrial Technologies includes several sales. On May 5, 2026, Warren Hoffner III, Vice President and General Manager of Fluid Power, sold 8,000 shares at an average price of $306.04. Earlier, on April 24, 2026, Jon Ploetz, Vice President and General Counsel, sold 146 shares at $293.35. Additionally, Peter Wallace sold 5,000 shares on February 26, 2026, at $285.03.

Analysts Set New Price Targets

On June 16, 2026, DA Davidson initiated coverage on Applied Industrial Technologies with a 'buy' rating and a price target of $380. Oppenheimer maintained its 'buy' rating on April 29, 2026, setting a target of $350. Keybanc also maintained a 'buy' rating with a target of $330 on February 26, 2026. Overall, the consensus among six analysts is a 'strong buy', with a mean price target of $341.67.

About Applied Industrial Technologies, Inc.

Applied Industrial Technologies, Inc. is a Cleveland, Ohio-based company that distributes a wide range of industrial motion, power, control, and automation technologies. It operates through two segments: Service Center and Engineered Solutions. The company caters to markets in the United States, Canada, Mexico, and several other countries. Led by CEO Neil A. Schrimsher, Applied Industrial employs approximately 6,859 people and provides products and services crucial for various industrial applications.

Bottom Line

Rockefeller Capital Management's increased investment in Applied Industrial Technologies reflects confidence in the company's growth potential. Investors keep a close eye on 13F filings like this to understand institutional sentiment, though these filings are backward-looking and may not represent current positions. With strong earnings and a solid dividend, Applied Industrial Technologies remains an attractive stock in the industrial distribution sector.