Mizuho Cuts AIT Price Target to $390

Mizuho maintains its Outperform rating on Applied Industrial Technologies, adjusting its price target to $390, a 21.04% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:30 PM EDT

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Mizuho cut its price target on Applied Industrial Technologies, Inc. ($AIT) to $390 from $400 on October 15, 2026, and rates the stock "Outperform".

Since the rating, $AIT is down 1.0% to date (from the $333.83 close on Oct 15, 2026).

AIT Applied Industrial Technologies, Inc.

$330.48 +27.91% year to date

Daily close · Oct 16, 2026

Key Points

Mizuho reiterates an Outperform rating for Applied Industrial Technologies, lowering the price target from $400 to $390 on October 15, 2026.
Shares of AIT are trading at $322.22, which is significantly below Mizuho's new target price, suggesting potential upside.
Several analysts maintain positive outlooks, with a mean price target of $400 based on six opinions.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Applied Industrial Technologies, Inc. alert may contain errors. Disclosures

Applied Industrial Technologies, Inc. (NYSE: AIT) received a reiteration of its Outperform rating from Mizuho on October 15, 2026. The firm adjusted its price target from $400 down to $390, reflecting the company's current market conditions. At the time of the report, AIT shares were trading at $322.22, which places them below Mizuho's revised target and indicates room for growth.

Analyst rating track record

Mizuho vs. the S&P 500

YTD return -4.83% hypothetical

All-time return -4.83% S&P 500 +0.72%

vs. S&P 500 -5.55% behind the index

Hypothetical returns from Mizuho's disclosed trades, not real profit or advice. How we model this.

Mizuho's Call on Applied Industrial Technologies

Mizuho maintained its Outperform rating for Applied Industrial Technologies, adjusting the price target to $390 from the previous $400. This update suggests the firm still sees solid performance potential in the company's future despite the target cut.

Other Institutional Activity in Applied Industrial Technologies

Several other institutional players are also active in AIT. Blackrock Inc. increased its stake by 114,772 shares, holding a total of 3,953,290 shares valued at approximately $1.30 billion. Meanwhile, AQR Capital Management, LLC added 423,766 shares, bringing its total to 1,343,397 shares worth about $443.4 million. In contrast, both Vanguard Portfolio Management LLC and Vanguard Capital Management LLC slightly reduced their stakes, with decreases of 11,037 shares and 2,839 shares, respectively.

Applied Industrial Technologies, Inc. Stock Up 0.1%

As of the latest reports, AIT shares are trading at $322.22, which is near the lower end of its 52-week range of $238.34 to $374.80. The adjustment in Mizuho's target price suggests that the stock has some recovery potential, especially as it trades below the 50-day moving average of $337.59.

12-month forecast

$AIT price target

Applied Industrial Technologies, Inc. daily closes and this analyst's $390 target. Not advice.

Recent Earnings

In its most recent earnings report for the year ended June 30, 2026, Applied Industrial Technologies posted revenue of about $4.97 billion, reflecting a revenue growth rate of 10.4%. The company had an EPS of $10.94 and a net margin of 8.35%. The next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at Applied Industrial Technologies, Inc.

Recent insider transactions include several sales. Wallace Peter C, a Director, sold 1,904 shares on August 26, 2026, at an average price of $340.45, totaling approximately $648,210. Additionally, CFO David K. Wells sold 1,812 shares on August 18, 2026, for about $643,439. Other sales included Madhuri A. Andrews, a Director, selling 3,845 shares for about $1.27 million on June 18, 2026.

Analysts Set New Price Targets

On October 15, 2026, Mizuho maintained its Outperform rating with a new price target of $390. On August 14, 2026, B of A Securities also maintained a Buy rating, raising its price target to $390 from $380. Oppenheimer held its Outperform rating with the same target of $390, while DA Davidson and Keybanc set targets of $400 and $420, respectively.

About Applied Industrial Technologies

Applied Industrial Technologies, Inc. distributes industrial motion, fluid power, and automation technologies primarily in North America and other regions. The company's services support various industries, making it a key player in industrial distribution. The recent adjustments in analyst ratings and price targets reflect a cautious but optimistic outlook for the company's market performance.

Bottom Line

Investors should keep an eye on AIT shares as they approach the next earnings date on October 27, 2026. Mizuho's recent rating reflects a backward-looking assessment of performance as the stock trades below its new target price, suggesting potential for upward movement.