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NYSE:AIT

Applied Industrial Technologies Stock Forecast, Price & News

$96.52
-5.02 (-4.94 %)
(As of 10/27/2021 04:00 PM ET)
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Compare
Today's Range
$95.83
$101.44
50-Day Range
$82.73
$97.28
52-Week Range
$58.61
$107.07
Volume
209,740 shs
Average Volume
152,787 shs
Market Capitalization
$3.72 billion
P/E Ratio
26.23
Dividend Yield
1.30%
Beta
1.49
30 days | 90 days | 365 days | Advanced Chart
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Applied Industrial Technologies logo

About Applied Industrial Technologies

Applied Industrial Technologies, Inc. engages in the manufacture and distribution of industrial parts and products. It operates through the following segments: Service Center Based Distribution, and Fluid Power & Flow Control Business. The Service Center-Based Distribution segment provides customers with a wide range of industrial products through a network of service centers. The Fluid Power & Flow Control Businesses segment specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services. The company was founded by Joseph Bruening in January 1923 and is headquartered in Cleveland, OH.

Headlines

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$3.24 billion
Cash Flow
$8.48 per share
Book Value
$24.00 per share

Profitability

Net Income
$144.76 million
Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$3.72 billion
Next Earnings Date
10/27/2021 (Confirmed)
Fiscal Year End
N/A
Optionable
Optionable

MarketRank

Overall MarketRank

2.81 out of 5 stars

Industrial Products Sector

55th out of 244 stocks

Machinery, Equipment, & Supplies Industry

2nd out of 5 stocks

Analyst Opinion: 2.5Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -












Applied Industrial Technologies (NYSE:AIT) Frequently Asked Questions

Is Applied Industrial Technologies a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Applied Industrial Technologies stock.
View analyst ratings for Applied Industrial Technologies
or view top-rated stocks.

What stocks does MarketBeat like better than Applied Industrial Technologies?

Wall Street analysts have given Applied Industrial Technologies a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Applied Industrial Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Applied Industrial Technologies' next earnings date?

Applied Industrial Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Applied Industrial Technologies
.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies, Inc. (NYSE:AIT) announced its quarterly earnings results on Monday, August, 16th. The industrial products company reported $1.44 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.17 by $0.27. The industrial products company had revenue of $895.90 million for the quarter, compared to the consensus estimate of $843.61 million. Applied Industrial Technologies had a trailing twelve-month return on equity of 20.52% and a net margin of 4.47%. The business's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share.
View Applied Industrial Technologies' earnings history
.

How has Applied Industrial Technologies' stock been impacted by COVID-19 (Coronavirus)?

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AIT stock has increased by 102.8% and is now trading at $96.52.
View which stocks have been most impacted by COVID-19
.

How often does Applied Industrial Technologies pay dividends? What is the dividend yield for Applied Industrial Technologies?

Applied Industrial Technologies declared a quarterly dividend on Friday, June 25th. Investors of record on Monday, August 16th will be given a dividend of $0.33 per share on Tuesday, August 31st. This represents a $1.32 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, August 13th.
View Applied Industrial Technologies' dividend history
.

Is Applied Industrial Technologies a good dividend stock?

Applied Industrial Technologies pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.30%. Applied Industrial Technologies has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Applied Industrial Technologies is 27.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Applied Industrial Technologies will have a dividend payout ratio of 22.72% next year. This indicates that Applied Industrial Technologies will be able to sustain or increase its dividend.
View Applied Industrial Technologies' dividend history.

What guidance has Applied Industrial Technologies issued on next quarter's earnings?

Applied Industrial Technologies issued an update on its FY22 earnings guidance on Wednesday, October, 27th. The company provided earnings per share (EPS) guidance of $5.00-5.40 for the period, compared to the Thomson Reuters consensus estimate of $5.36. The company issued revenue guidance of +8-10% yr/yr to $3.49-3.56 billion, compared to the consensus revenue estimate of $3.55 billion.

What price target have analysts set for AIT?

4 equities research analysts have issued twelve-month target prices for Applied Industrial Technologies' shares. Their forecasts range from $105.00 to $111.00. On average, they anticipate Applied Industrial Technologies' stock price to reach $109.00 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts' price targets for Applied Industrial Technologies
or view top-rated stocks among Wall Street analysts.

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the following people:
  • Neil A. Schrimsher, President, Chief Executive Officer & Director
  • David K. Wells, Chief Financial Officer, Treasurer & VP
  • Lonny D. Lawrence, Vice President-Information Technology
  • Fred D. Bauer, Secretary, Vice President & General Counsel
  • Kurt W. Loring, Chief Human Resources Officer & Vice President

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

86 employees have rated Applied Industrial Technologies CEO Neil A. Schrimsher on Glassdoor.com. Neil A. Schrimsher has an approval rating of 58% among Applied Industrial Technologies' 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.

What other stocks do shareholders of Applied Industrial Technologies own?

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

What is Applied Industrial Technologies' stock symbol?

Applied Industrial Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIT."

Who are Applied Industrial Technologies' major shareholders?

Applied Industrial Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (1.70%), Frontier Capital Management Co. LLC (0.91%), Ziegler Capital Management LLC (0.34%), Strs Ohio (0.28%), Scout Investments Inc. (0.27%) and New York State Teachers Retirement System (0.21%). Company insiders that own Applied Industrial Technologies stock include Christopher Macey, Fred D Bauer, Neil A Schrimsher, Peter A Dorsman, Peter C Wallace and Vincent K Petrella.
View institutional ownership trends for Applied Industrial Technologies
.

Which institutional investors are selling Applied Industrial Technologies stock?

AIT stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Wedge Capital Management L L P NC, New York State Teachers Retirement System, First Midwest Bank Trust Division, and First Citizens Bank & Trust Co.. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Christopher Macey, Fred D Bauer, Neil A Schrimsher, Peter C Wallace, and Vincent K Petrella.
View insider buying and selling activity for Applied Industrial Technologies
or view top insider-selling stocks.

Which institutional investors are buying Applied Industrial Technologies stock?

AIT stock was bought by a variety of institutional investors in the last quarter, including Ziegler Capital Management LLC, Frontier Capital Management Co. LLC, State of New Jersey Common Pension Fund D, Boston Trust Walden Corp, Scout Investments Inc., Meritage Portfolio Management, State of Alaska Department of Revenue, and Louisiana State Employees Retirement System.
View insider buying and selling activity for Applied Industrial Technologies
or or view top insider-buying stocks.

How do I buy shares of Applied Industrial Technologies?

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

What is Applied Industrial Technologies' stock price today?

One share of AIT stock can currently be purchased for approximately $96.52.

How much money does Applied Industrial Technologies make?

Applied Industrial Technologies has a market capitalization of $3.72 billion and generates $3.24 billion in revenue each year. The industrial products company earns $144.76 million in net income (profit) each year or $4.74 on an earnings per share basis.

How many employees does Applied Industrial Technologies have?

Applied Industrial Technologies employs 6,200 workers across the globe.

What is Applied Industrial Technologies' official website?

The official website for Applied Industrial Technologies is www.applied.com.

Where are Applied Industrial Technologies' headquarters?

Applied Industrial Technologies is headquartered at ONE APPLIED PLAZA, CLEVELAND OH, 44115.

How can I contact Applied Industrial Technologies?

Applied Industrial Technologies' mailing address is ONE APPLIED PLAZA, CLEVELAND OH, 44115. The industrial products company can be reached via phone at (216) 426-4000 or via email at [email protected].


This page was last updated on 10/27/2021 by MarketBeat.com Staff

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