Applied Industrial (AIT) Reports Mixed Q2 Earnings, KeyBanc Maintains Overweight Rating

1 day ago 2

Sheryar Siddiq

Tue, February 3, 2026 astatine 4:48 AM CST 1 min read

Applied Industrial Technologies, Inc. (NYSE:AIT) ranks among the mid-cap stocks to bargain according to apical investors. KeyBanc reduced its terms people for Applied Industrial Technologies, Inc. (NYSE:AIT) to $300 from $310 connected January 28, keeping an Overweight standing connected the concern instrumentality distributor. The driblet came aft what KeyBanc indicated arsenic “mixed” fiscal second-quarter net and a little EBITDA borderline forecast from the company.

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The institution posted Q2 revenues of $1.16 billion, an 8.4% summation implicit the erstwhile year, with integrated maturation adding 2.2%, acquisitions contributing 6%, and currency effects delivering a 0.2% boost. Meanwhile, nett income totaled $95.3 million, with net per stock of $2.51.

KeyBanc noted higher LIFO (Last-In-First-Out) expenses during the 4th alongside volatile December request trends arsenic the cardinal issues driving marketplace absorption towards the net announcement. The steadfast highlighted that buy-side expectations were apt precocious up of the quarterly results.

Applied Industrial Technologies, Inc. (NYSE:AIT) is simply a value-added distributor and method solutions supplier of concern motion, fluid power, travel control, automation technologies, and related attraction supplies.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.