SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 3.6% Passive Stake in Applied Industrial Technologies
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, have filed an amended Schedule 13G, reporting a passive beneficial ownership of 3.6% in Applied Industrial Technologies Inc.'s common stock as of March 31, 2025.
Summary
- FMR LLC, a parent holding company, and Abigail P. Johnson, an individual, jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in APPLIED INDUSTRIAL TECH INC.
- As of March 31, 2025, the aggregate amount of common stock beneficially owned by FMR LLC and Abigail P. Johnson is 1,399,851.20 shares.
- This ownership represents 3.6% of the total outstanding common stock of APPLIED INDUSTRIAL TECH INC.
- FMR LLC holds sole voting power over 1,394,231.00 shares and sole dispositive power over 1,399,851.20 shares.
- Abigail P. Johnson holds sole dispositive power over 1,399,851.20 shares, with no sole or shared voting power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities beneficially owning shares.
Sentiment
Score: 6
Explanation: The sentiment is mildly positive as a large, reputable institutional investor has disclosed a significant, albeit passive, stake, which can be seen as a vote of confidence. However, it's a routine compliance filing and not indicative of operational performance or strategic changes.
Positives
- The disclosure of a significant, albeit passive, stake by a major institutional investor like FMR LLC can be interpreted as a vote of confidence in Applied Industrial Technologies Inc.'s long-term prospects.
- The filing indicates that the shares are held in the ordinary course of business, suggesting a standard investment rather than an activist position, which can provide stability.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
This filing is a routine disclosure by a major asset management firm, FMR LLC (Fidelity), indicating its passive investment stake in a publicly traded company. Such filings provide transparency into institutional ownership, which is a standard practice in the financial industry for compliance with SEC regulations. The 3.6% stake is below the 5% threshold that would typically trigger a more active Schedule 13D filing, reinforcing its passive nature.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Disclosure | FMR LLC and Abigail P. Johnson, as a parent holding company and an individual respectively, have disclosed their beneficial ownership of 3.6% of Applied Industrial Technologies Inc. common stock, fulfilling SEC Schedule 13G requirements for passive investors. | 03/31/2025 | This disclosure enhances transparency regarding the company's ownership structure but does not indicate any intent to influence or change control of the issuer, as certified by the filers. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake, which may offer some reassurance regarding institutional interest in the company.
- Regulatory Bodies: Fulfills SEC disclosure requirements for beneficial ownership, ensuring market transparency.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 03/31/2025 | Date of event which requires filing of this statement (reporting date for beneficial ownership). |
| 05/09/2025 | Date of signing and filing of this Schedule 13G Amendment No. 1. |
Keywords
Applied Industrial Technologies, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Passive Investment
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