Applied Industrial Technologies stock slips after quarterly growth

Applied Industrial Technologies stock traded at USD 320.39 on the NYSE on September 22, 2026, with a market capitalization of USD 11.78 billion. The price remained below the 52-week high of USD 374.80 and above the low of USD 238.34, giving the current valuation a clear historical reference.

Quarterly revenue reaches USD 1.35 billion

Applied Industrial Technologies reported revenue of USD 1.35 billion in the second quarter of fiscal 2026, up 10.4 percent year over year, according to StockStory on September 22, 2026.

The same report said revenue exceeded analyst expectations by 4.6 percent in that quarter. That comparison matters more than the absolute sales figure because it indicates that Applied Industrial delivered both year-over-year expansion and a measurable beat against estimates.

Valuation remains tied to execution

The September 22, 2026 market snapshot showed a price-to-earnings ratio of 29.39 and a dividend yield of 0.62 percent. The stock therefore trades at a substantial earnings multiple while its shares remain USD 54.41 below the reported 52-week high.

Applied Industrial distributes industrial products and provides related services across several end markets, including power transmission, fluid power and industrial automation. The quarterly revenue comparison places automation and industrial demand at the center of the current investment case, while the gap to the yearly high shows that the market has not fully restored the prior valuation level.

Applied Industrial Technologies stock stays below yearly high

Applied Industrial Technologies stock stood at USD 320.39 on the NYSE as of September 22, 2026. Its 52-week range was USD 238.34 to USD 374.80, and the company had a market capitalization of USD 11.78 billion.

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