HRT Financial bought $33.7M in AIT stock, company beat earnings, raised guidance, and pays $0.46 dividend.

HRT Financial LP acquired $33.71 million in Applied Industrial Technologies (AIT) stock, adding 145,025 shares in Q2, while Curi Capital LLC increased its stake by 2,175 shares. AIT reported strong Q1 earnings of $2.63 per share, beating estimates by $0.16, with revenue up 9.2% to $1.20 billion. The company raised FY2026 earnings guidance to $10.10–$10.85 per share and maintains a quarterly dividend of $0.46, yielding 0.7%. Analysts rate the stock a "Moderate Buy" with a $287.50 target. The stock trades at $262.12, has a market cap of $9.89 billion, and institutional ownership is 93.52%.