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NYSE:AIT

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

$215.01
+5.35 (+2.55%)
(As of 07/26/2024 ET)
Today's Range
$211.45
$216.32
50-Day Range
$183.80
$215.01
52-Week Range
$138.38
$216.32
Volume
259,426 shs
Average Volume
307,027 shs
Market Capitalization
$8.30 billion
P/E Ratio
22.54
Dividend Yield
0.69%
Price Target
$201.00

Applied Industrial Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
6.5% Downside
$201.00 Price Target
Short Interest
Healthy
2.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.06
Upright™ Environmental Score
News Sentiment
1.49mentions of Applied Industrial Technologies in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$127,862 Sold Last Quarter
Proj. Earnings Growth
5.51%
From $9.62 to $10.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.79 out of 5 stars

Industrial Products Sector

66th out of 172 stocks

Machinery, Equipment, & Supplies Industry

3rd out of 6 stocks

AIT stock logo

About Applied Industrial Technologies Stock (NYSE:AIT)

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.

AIT Stock Price History

AIT Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 5/31 Dividend
5/14/2024
Dividend Payable
5/31/2024
Today
7/26/2024
Next Earnings (Estimated)
8/08/2024
Ex-Dividend for 8/30 Dividend
8/15/2024
Dividend Payable
8/30/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Machinery, equipment, & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
03820C10
Employees
6,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$201.00
High Stock Price Target
$235.00
Low Stock Price Target
$174.00
Potential Upside/Downside
-6.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$346.74 million
Pretax Margin
10.72%

Debt

Sales & Book Value

Annual Sales
$4.41 billion
Cash Flow
$10.80 per share
Book Value
$37.73 per share

Miscellaneous

Free Float
37,754,000
Market Cap
$8.27 billion
Optionable
Optionable
Beta
1.06
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Key Executives


AIT Stock Analysis - Frequently Asked Questions

How have AIT shares performed this year?

Applied Industrial Technologies' stock was trading at $172.69 at the start of the year. Since then, AIT shares have increased by 24.5% and is now trading at $215.01.
View the best growth stocks for 2024 here
.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies, Inc. (NYSE:AIT) issued its earnings results on Thursday, April, 25th. The industrial products company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.40 by $0.08. The company's revenue for the quarter was down 2.8% on a year-over-year basis.

What is Neil A. Schrimsher's approval rating as Applied Industrial Technologies' CEO?

86 employees have rated Applied Industrial Technologies Chief Executive Officer Neil A. Schrimsher on Glassdoor.com. Neil A. Schrimsher has an approval rating of 58% among the company's employees. This puts Neil A. Schrimsher in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 58.0% of employees surveyed would recommend working at Applied Industrial Technologies to a friend.

Who are Applied Industrial Technologies' major shareholders?

Top institutional shareholders of Applied Industrial Technologies include Boston Trust Walden Corp (1.63%), Allspring Global Investments Holdings LLC (1.20%), Bank of New York Mellon Corp (1.09%) and Assenagon Asset Management S.A. (0.62%). 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, Peter A Dorsman and Fred D Bauer.
View institutional ownership trends
.

How do I buy shares of Applied Industrial Technologies?

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.

What other stocks do shareholders of Applied Industrial Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Applied Industrial Technologies investors own include AbbVie (ABBV), QUALCOMM (QCOM), AT&T (T), Chevron (CVX), Danaher (DHR), Gilead Sciences (GILD) and Intel (INTC).

This page (NYSE:AIT) was last updated on 7/26/2024 by MarketBeat.com Staff

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