Applied Industrial Technologies

AIT · NYSE

$330.80−$3.02 (−0.90%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $333.82

AIT analyst rating

BuyConsensus of 6 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy6
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $398.41 (+20.4% upside)

Low: $337.55
Now: $330.80
High: $441.00

Upgrades and downgrades

The latest rating actions, newest first

AIT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Oct 15, 2026	Maintains	Outperform	$400.00 → $390.00	66%
B of A Securities	Aug 14, 2026	Maintains	Buy	$380.00 → $390.00	67%
Oppenheimer	Aug 14, 2026	Maintains	Outperform	$350.00 → $390.00	68%
DA Davidson	Aug 14, 2026	Maintains	Buy	$380.00 → $400.00	65%
Keybanc	Aug 14, 2026	Maintains	Overweight	$375.00 → $420.00	77%
Baird	Aug 14, 2026	Maintains	Outperform	$317.00 → $400.00	64%
Mizuho	Aug 14, 2026	Maintains	Outperform	$355.00 → $400.00	66%
Mizuho	Jul 21, 2026	Maintains	Outperform	$330.00 → $355.00	66%
Keybanc	Jul 13, 2026	Maintains	Overweight	$350.00 → $375.00	77%
DA Davidson	Jun 16, 2026	Initiates	Buy	$380.00	65%

The case for and against

Updated Oct 18, 2026

Bull case

Applied Industrial Techs is supported by a resilient, broadening demand backdrop, with FY4Q sales up 10.4% to $1,353M and organic growth of 9.7%, while orders rose double digits for a third consecutive quarter and 20 of its top 30 end markets expanded. Its outlook is strengthened by balanced momentum across Service Center and Engineered Solutions, where revenue grew 9.0% and 12.9% respectively, aided by automation, fluid power, technical MRO, and cross-selling gains that also lifted margins and EPS. Management’s FY27 guide calls for 4.0%-6.5% sales growth and $11.65-$12.15 adjusted EPS, and the company’s low leverage plus nearly $2B of dry powder support accretive M&A and further earnings upside.

Bear case

Applied Industrial Techs is exposed to cyclical North American industrial demand, so weaker industrial production, higher tariffs, and elevated fuel or input costs could compress sales and limit its ability to pass through inflation. Its majority-Service Center mix and reliance on the U.S. leave it vulnerable to competitive pricing pressure and any slowdown in maintenance, repair, and operations activity, while elevated interest rates could also restrain capital spending and the higher-margin Engineered Solutions business. Margin risk is already evident: LIFO expense rose to $6.4 million from $2.9 million in F4Q25, helping push gross margin down to 30.4%, down 20 bps y/y, and acquisition or integration missteps could further pressure earnings growth.

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