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NYSE:AIT

Applied Industrial Technologies (AIT) Stock Price, News & Analysis

Applied Industrial Technologies logo
$265.96 -0.31 (-0.12%)
(As of 11/20/2024 ET)

About Applied Industrial Technologies Stock (NYSE:AIT)

Key Stats

Today's Range
$262.92
$267.30
50-Day Range
$197.45
$275.26
52-Week Range
$155.47
$276.97
Volume
179,074 shs
Average Volume
285,541 shs
Market Capitalization
$10.23 billion
P/E Ratio
27.14
Dividend Yield
0.56%
Price Target
$267.86
Consensus Rating
Moderate Buy

Company Overview

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company provides technical support services; engages in the distribution of fluid power and industrial flow control products; advanced automation solutions, including machine vision, robotics, motion control, and smart technologies. It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.

Applied Industrial Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

AIT MarketRank™: 

Applied Industrial Technologies scored higher than 93% of companies evaluated by MarketBeat, and ranked 10th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Applied Industrial Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Applied Industrial Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Applied Industrial Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Applied Industrial Technologies are expected to grow by 8.40% in the coming year, from $9.76 to $10.58 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Applied Industrial Technologies is 27.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Applied Industrial Technologies is 27.14, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.30.

  • Price to Earnings Growth Ratio

    Applied Industrial Technologies has a PEG Ratio of 3.66. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Applied Industrial Technologies has a P/B Ratio of 6.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Applied Industrial Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    1.42% of the float of Applied Industrial Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Applied Industrial Technologies has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Applied Industrial Technologies has recently decreased by 5.56%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Applied Industrial Technologies has a dividend yield of 0.55%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Applied Industrial Technologies has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of Applied Industrial Technologies is 15.10%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Applied Industrial Technologies will have a dividend payout ratio of 13.99% next year. This indicates that Applied Industrial Technologies will be able to sustain or increase its dividend.

  • Read more about Applied Industrial Technologies' dividend.
  • Percentage of Shares Shorted

    1.42% of the float of Applied Industrial Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Applied Industrial Technologies has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Applied Industrial Technologies has recently decreased by 5.56%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Applied Industrial Technologies has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 22 news articles for Applied Industrial Technologies this week, compared to 6 articles on an average week.
  • Search Interest

    4 people have searched for AIT on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Applied Industrial Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Applied Industrial Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,690,221.00 in company stock.

  • Percentage Held by Insiders

    Only 1.67% of the stock of Applied Industrial Technologies is held by insiders.

  • Percentage Held by Institutions

    93.52% of the stock of Applied Industrial Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Applied Industrial Technologies' insider trading history.
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AIT Stock News Headlines

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AIT Stock Analysis - Frequently Asked Questions

Applied Industrial Technologies' stock was trading at $172.69 at the beginning of the year. Since then, AIT stock has increased by 54.0% and is now trading at $265.96.
View the best growth stocks for 2024 here
.

Applied Industrial Technologies, Inc. (NYSE:AIT) posted its earnings results on Thursday, October, 24th. The industrial products company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.25 by $0.11. The business's quarterly revenue was up .3% compared to the same quarter last year.

Top institutional investors of Applied Industrial Technologies include FMR LLC (5.06%), State Street Corp (3.75%), Geode Capital Management LLC (2.71%) and Boston Trust Walden Corp (1.49%). Insiders that own company stock include Neil A Schrimsher, Warren E Hoffner III, Peter C Wallace, Jason W Vasquez, Kurt W Loring, Vincent K Petrella, Mary Dean Hall and Peter A Dorsman.
View institutional ownership trends
.

Shares of AIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Applied Industrial Technologies investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

Ex-Dividend for 8/30 Dividend
8/15/2024
Dividend Payable
8/30/2024
Last Earnings
10/24/2024
Ex-Dividend for 11/29 Dividend
11/15/2024
Today
11/20/2024
Dividend Payable
11/29/2024
Next Earnings (Estimated)
1/23/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Machinery, equipment, & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
03820C10
Employees
6,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$267.86
High Stock Price Target
$305.00
Low Stock Price Target
$240.00
Potential Upside/Downside
+0.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$385.76 million
Pretax Margin
11.05%

Debt

Sales & Book Value

Annual Sales
$4.48 billion
Cash Flow
$11.33 per share
Book Value
$43.75 per share

Miscellaneous

Free Float
37,805,000
Market Cap
$10.23 billion
Optionable
Optionable
Beta
1.03

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This page (NYSE:AIT) was last updated on 11/21/2024 by MarketBeat.com Staff
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