Schonfeld Strategic Advisors 13F: Cuts AIT Stake by $9.9M

Schonfeld Strategic Advisors Cuts Industrial Position

Schonfeld Strategic Advisors reduced its stake in Applied Industrial Technologies, Inc. (NYSE: AIT) by 36.15% during the latest reporting period, according to its Form 13F filing with the SEC. The fund sold 29,305 shares of the industrial distributor, leaving it with 51,757 shares. The remaining position was valued at approximately $17.53 million at the close of the quarter. This filing represents the fund's holdings as of May 15, 2026, and may not reflect its current portfolio.

The reduction comes as other prominent institutional investors have taken differing paths with Applied Industrial Technologies. Earlier in the same reporting cycle, Rockefeller Capital Management increased its position by 3.13%, while Trexquant Investment boosted its stake by 42.9% to reach 60,199 shares. Schonfeld's decision to trim its holdings contrasts with those recent additions, showing a divergence in how major funds are managing their exposure to the industrial sector.

Applied Industrial Technologies Stock Performance

Shares of Applied Industrial Technologies closed at $338.70 on Saturday, hovering near the stock's 50-day moving average of $337.59. The company's stock has traded in a 52-week range of $238.34 to $374.80. The company has a price-to-earnings ratio of 29.28 and a forward P/E of 24.22, suggesting steady valuation expectations. With a beta of 0.83, the stock typically experiences less volatility than the broader market.

Recent Earnings and Dividend Growth

In its latest financial reports, Applied Industrial Technologies showed resilient numbers, bringing in $4.97 billion in revenue with a growth rate of 10.4%. The company posted earnings per share of $10.94, supported by a healthy return on equity of 22.37% and a net margin of 8.35%. Investors looking ahead should note that the company's next earnings release is scheduled for October 27, 2026.

In addition to earnings growth, the company continues to share profits with its investors. It pays an annual dividend rate of $2.04 per share, which equates to a dividend yield of 0.63%. The dividend payout ratio stands at a conservative 17.72%, leaving plenty of room for future increases or capital reinvestment.

Wall Street Analysts Stand Behind the Stock

Wall Street researchers remain highly optimistic about Applied Industrial Technologies. On October 15, 2026, Mizuho maintained its Outperform rating on the stock, adjusting its price target to $390.00 from a prior $400.00. Earlier, on August 14, 2026, several major firms updated their targets. B of A Securities maintained its Buy rating with a $390.00 target, while DA Davidson kept its Buy rating with a $400.00 target. Oppenheimer maintained an Outperform rating at $390.00, and Keybanc held its Overweight rating with a high target of $420.00. Overall, the stock has a consensus recommendation of "strong buy" from six analysts, with a mean price target of $400.00.

About Applied Industrial Technologies

Applied Industrial Technologies distributes critical industrial parts and automation technologies across North America and Oceania. The Cleveland, Ohio-based company supplies everything from bearings and fluid power systems to advanced robotics and machine learning tools for factories. Its products help heavy machinery, food processing plants, and manufacturing facilities run smoothly.

What's Ahead for Applied Industrial Technologies, Inc.

Market observers will want to watch how the stock responds to its upcoming October earnings release and whether other institutional investors follow Schonfeld's lead in trimming their positions. Because Form 13F filings are delayed by up to 45 days after the end of a quarter, they provide a retrospective look at institutional behavior rather than real-time trading updates.