These Analysts Revise Their Forecasts On Applied Industrial Technologies Following Q4 Earnings

Core Insights - Applied Industrial Technologies, Inc. reported better-than-expected earnings for Q4, with earnings per share (EPS) of $2.80, surpassing the analyst consensus estimate of $2.65 [1] - The company achieved quarterly sales of $1.225 billion, exceeding the analyst consensus estimate of $1.183 billion [1] Financial Outlook - For FY2026, the company projects GAAP EPS in the range of $10.00 to $10.75, compared to market estimates of $9.96 [2] - Sales expectations for FY2026 are set between $4.747 billion and $4.883 billion, exceeding projections of $4.522 billion [2] Management Commentary - The President & CEO of Applied Industrial Technologies noted that Q4 sales and EPS exceeded expectations, with positive organic growth driven by strong performance in the Engineered Solutions segment [3] - The company capitalized on recent order strength and improving demand across various verticals [3] Market Reaction - Following the earnings announcement, Applied Industrial shares fell by 5.4%, trading at $258.00 [3] Analyst Ratings and Price Targets - Baird analyst David Manthey maintained an Outperform rating and raised the price target from $265 to $300 [6] - Oppenheimer analyst Christopher Glynn also maintained an Outperform rating, increasing the price target from $290 to $300 [6] - Raymond James analyst Sam Darkatsh downgraded the stock from Outperform to Market Perform [6]