Royce & Associates Reduces Stake in Applied Industrial Technologies

Investment firm decreases holdings in industrial products distributor by 4.7% in Q3

Mar. 3, 2026 at 5:55am

Got story updates? Submit your updates here. ›

Royce & Associates LP, an investment management firm, decreased its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 4.7% during the third quarter, according to a recent SEC filing. The firm now owns 65,327 shares of the industrial products company's stock, valued at $17.05 million.

Why it matters

Applied Industrial Technologies is a leading distributor of industrial products and services, serving diverse end markets. Tracking changes in major institutional investors' holdings in the company provides insight into market sentiment and potential future performance.

The details

According to the filing, Royce & Associates sold 3,190 shares of Applied Industrial Technologies during the third quarter, reducing its total stake to 65,327 shares. The firm's holdings in the company were valued at $17.05 million as of the end of the quarter.

  • Royce & Associates decreased its position in Q3 2026.

The players

Royce & Associates LP

An investment management firm that decreased its stake in Applied Industrial Technologies in the third quarter of 2026.

Applied Industrial Technologies, Inc.

A leading distributor of industrial products and services, serving diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Royce & Associates' position in Applied Industrial Technologies suggests a potential shift in market sentiment around the industrial products distributor, though the overall rationale behind the firm's decision is unclear from the available information.