Baird Increases Applied Industrial Techs (AIT) Price Target to $300, Maintains "Outperform" Rating.

Baird analyst David Manthey has raised Applied Industrial Techs (AIT) price target to $300 from $265, reflecting a 13.21% increase. AIT is a distributor of industrial products and provides engineering and design services. Analysts maintain an "Outperform" rating with an average target price of $291.61 and an upside of 8.29% from the current price.

Baird analyst David Manthey has updated the price target for Applied Industrial Technologies, Inc. (AIT) to $300 from the previous $265, reflecting a 13.21% increase. This adjustment comes after the company reported strong fourth-quarter and full-year 2025 financial results, which exceeded analysts' expectations.

AIT, a distributor of industrial products and provider of engineering and design services, has seen consistent "Outperform" ratings from multiple analysts. The company's stock has been supported by robust demand and strategic acquisitions, which contributed to its financial performance.

The latest earnings report revealed that AIT's fourth-quarter net sales reached $1.2 billion, a 5.5% year-over-year (YoY) increase, beating analysts' estimates. Net income for the quarter was $107.8 million, or $2.80 per share, surpassing the analyst estimate of $2.65 per share [2]. For the full fiscal year 2025, AIT's net sales totaled $4.6 billion, representing a 1.9% YoY increase. The company's net income for the year was $393.0 million, or $10.12 per share, up 3.8% YoY from the previous year's $10.12 per share [2].

Analysts remain optimistic about AIT's prospects, with an average target price of $291.61 and an implied upside of 8.29% from the current price of $269.30 [1]. The consensus brokerage recommendation is "Outperform," indicating a strong confidence in the company's future performance.

References:
[1] https://www.gurufocus.com/news/3064799/baird-updates-applied-industrial-techs-ait-price-target-to-300-ait-stock-news
[2] https://www.theglobeandmail.com/investing/markets/stocks/TECK/pressreleases/34158766/applied-industrial-q4-earnings-revenues-beat-estimates-increase-yy/