NYSE:AIT Applied Industrial Technologies (AIT) Stock Forecast, Price & News $128.09 +2.69 (+2.15%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$125.75▼$128.3750-Day Range$125.40▼$142.1652-Week Range$88.09▼$149.42Volume172,275 shsAverage Volume170,954 shsMarket Capitalization$4.95 billionP/E Ratio15.05Dividend Yield1.09%Price Target$164.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Applied Industrial Technologies MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside28.3% Upside$164.33 Price TargetShort InterestHealthy1.35% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.06Upright™ Environmental ScoreNews Sentiment0.25Based on 5 Articles This WeekInsider TradingSelling Shares$3.94 M Sold Last QuarterProj. Earnings Growth2.33%From $8.57 to $8.77 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.68 out of 5 starsIndustrial Products Sector14th out of 179 stocksMachinery, Equipment, & Supplies Industry2nd out of 6 stocks 3.5 Analyst's Opinion Consensus RatingApplied Industrial Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $164.33, Applied Industrial Technologies has a forecasted upside of 28.3% from its current price of $128.09.Amount of Analyst CoverageApplied Industrial Technologies has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.35% of the float of Applied Industrial Technologies has been sold short.Short Interest Ratio / Days to CoverApplied Industrial Technologies has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Applied Industrial Technologies has recently decreased by 4.58%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldApplied Industrial Technologies pays a meaningful dividend of 1.09%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthApplied Industrial Technologies has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Applied Industrial Technologies is 16.45%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Applied Industrial Technologies will have a dividend payout ratio of 15.96% next year. This indicates that Applied Industrial Technologies will be able to sustain or increase its dividend. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreApplied Industrial Technologies has received a -32.14% net impact score from Upright. The largest negative impact of Applied Industrial Technologies in category "GHG emissions" seems to be driven mostly by its "Wholesale of industrial lubricants", "Wholesale of adhesives and glues", "Wholesale of hydraulic motors", "Wholesale of cleaning supplies", and "Wholesale of industrial coatings" products. See details.Environmental SustainabilityThe Environmental Impact score for Applied Industrial Technologies is -2.06. Previous Next 1.8 News and Social Media Coverage News SentimentApplied Industrial Technologies has a news sentiment score of 0.25. 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 is a lower news sentiment than the 0.69 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Applied Industrial Technologies this week, compared to 4 articles on an average week.Search InterestOnly 2 people have searched for AIT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Applied Industrial Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $3,944,698.00 in company stock.Percentage Held by InsidersOnly 2.20% of the stock of Applied Industrial Technologies is held by insiders.Percentage Held by Institutions92.02% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Applied Industrial Technologies are expected to grow by 2.33% in the coming year, from $8.57 to $8.77 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Applied Industrial Technologies is 15.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Applied Industrial Technologies is 15.05, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 14.93.Price to Book Value per Share RatioApplied Industrial Technologies has a P/B Ratio of 3.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Applied Industrial Technologies (NYSE:AIT) StockApplied Industrial Technologies, Inc. engages in the manufacture and distribution of industrial parts and products. It operates through the Service Center Based Distribution, and Fluid Power & Flow Control Business segments. 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 specializes 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.Read More Receive AIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Applied Industrial Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address AIT Stock News HeadlinesMay 28, 2023 | fool.comApplied Industrial Technologies (NYSE: AIT)May 27, 2023 | americanbankingnews.comInsider Selling: Applied Industrial Technologies, Inc. (NYSE:AIT) CEO Sells $215,166.55 in StockMay 28, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 20, 2023 | americanbankingnews.comApplied Industrial Technologies (NYSE:AIT) Research Coverage Started at StockNews.comMay 16, 2023 | americanbankingnews.comFY2023 Earnings Estimate for Applied Industrial Technologies, Inc. (NYSE:AIT) Issued By Zacks ResearchMay 15, 2023 | americanbankingnews.comApplied Industrial Technologies, Inc. (NYSE:AIT) Sees Significant Growth in Short InterestMay 14, 2023 | finance.yahoo.comInvestors Shouldn't Overlook Applied Industrial Technologies' (NYSE:AIT) Impressive Returns On CapitalMay 10, 2023 | americanbankingnews.comApplied Industrial Technologies, Inc. (AIT) to Issue Quarterly Dividend of $0.35 on May 31stMay 28, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 8, 2023 | finance.yahoo.comApplied Industrial (AIT) Q3 Earnings and Sales Beat EstimatesMay 3, 2023 | msn.comApplied Industrial Technologies: Weak Near-Term But Solid Long-Term ProspectsMay 3, 2023 | msn.comApplied Industrial Technologies: M&A And IoT Imply UndervaluationMay 2, 2023 | americanbankingnews.comQ4 2023 EPS Estimates for Applied Industrial Technologies, Inc. Cut by KeyCorp (NYSE:AIT)May 1, 2023 | americanbankingnews.comRobert W. Baird Boosts Applied Industrial Technologies (NYSE:AIT) Price Target to $161.00April 28, 2023 | msn.comBaird Maintains Applied Industrial Technologies (AIT) Outperform RecommendationApril 27, 2023 | markets.businessinsider.comApplied Industrial Boosts FY23 Outlook As Q3 Results Top EstimatesApril 27, 2023 | finance.yahoo.comApplied Industrial Technologies (AIT) Q3 Earnings and Revenues Top EstimatesApril 27, 2023 | finance.yahoo.comApplied Industrial Technologies Reports Fiscal 2023 Third Quarter ResultsApril 26, 2023 | americanbankingnews.comApplied Industrial Technologies (AIT) Scheduled to Post Earnings on ThursdayApril 19, 2023 | finance.yahoo.comHere's Why We Think Applied Industrial Technologies (NYSE:AIT) Might Deserve Your Attention TodayApril 12, 2023 | americanbankingnews.comKeyCorp Weighs in on Applied Industrial Technologies, Inc.'s Q3 2023 Earnings (NYSE:AIT)April 5, 2023 | finance.yahoo.comApplied Industrial Technologies to Report Third Quarter Earnings and Conduct Investor Teleconference on April 27, 2023April 4, 2023 | finance.yahoo.comApplied Industrial Technologies Acquires Advanced Motion Systems Inc.April 4, 2023 | finance.yahoo.comApplied Industrial Bolsters Automation Platform Via Acquisition Of New York-Based Advanced Motion SystemsApril 4, 2023 | americanbankingnews.comApplied Industrial Technologies, Inc. (NYSE:AIT) Sees Large Growth in Short InterestApril 2, 2023 | finance.yahoo.comIs Applied Industrial Technologies, Inc. (NYSE:AIT) Potentially Undervalued?March 28, 2023 | finance.yahoo.comApplied Industrial Technologies Names New General Counsel & SecretarySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive AIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Applied Industrial Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address AIT Company Calendar Last Earnings1/26/2023Ex-Dividend for 2/28 Dividend2/14/2023Dividend Payable2/28/2023Ex-Dividend for 5/31 Dividend5/12/2023Today5/28/2023Dividend Payable5/31/2023Fiscal Year End6/30/2023Next Earnings (Estimated)8/10/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Machinery, equipment, & supplies Sub-IndustryTrading Companies & Distributors SectorIndustrial Products Current SymbolNYSE:AIT CUSIP03820C10 CIK109563 Webwww.applied.com Phone(216) 426-4000Fax216-426-4845Employees6,100Year FoundedN/APrice Target and Rating Average Stock Price Forecast$164.33 High Stock Price Forecast$170.00 Low Stock Price Forecast$161.00 Forecasted Upside/Downside+28.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$8.51 Trailing P/E Ratio15.05 Forward P/E Ratio14.95 P/E GrowthN/ANet Income$257.41 million Net Margins7.73% Pretax Margin9.92% Return on Equity26.15% Return on Assets13.12% Debt Debt-to-Equity Ratio0.43 Current Ratio3.14 Quick Ratio2.04 Sales & Book Value Annual Sales$3.81 billion Price / Sales1.30 Cash Flow$8.17 per share Price / Cash Flow15.67 Book Value$35.72 per share Price / Book3.59Miscellaneous Outstanding Shares38,650,000Free Float37,804,000Market Cap$4.95 billion OptionableOptionable Beta1.19 Key ExecutivesNeil A. SchrimsherPresident, Chief Executive Officer & DirectorDavid K. WellsChief Financial Officer, Treasurer & VPLonny D. LawrenceVice President-Information TechnologyKurt W. LoringChief Human Resources Officer & Vice PresidentJon S. PloetzSecretary, Vice President & General CounselKey CompetitorsCasella Waste SystemsNASDAQ:CWSTChart IndustriesNYSE:GTLSAtkoreNYSE:ATKRMSC Industrial DirectNYSE:MSMSilganNYSE:SLGNView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 5,047 shares on 5/26/2023Ownership: 0.182%Ameriprise Financial Inc.Bought 38,863 shares on 5/22/2023Ownership: 1.434%Neil A SchrimsherSold 1,655 sharesTotal: $215,166.55 ($130.01/share)Putnam Investments LLCBought 4,784 shares on 5/22/2023Ownership: 0.326%JPMorgan Chase & Co.Sold 170,381 shares on 5/18/2023Ownership: 4.402%View All Insider TransactionsView All Institutional Transactions AIT Stock - Frequently Asked Questions Should I buy or sell Applied Industrial Technologies stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AIT shares. View AIT analyst ratings or view top-rated stocks. What is Applied Industrial Technologies' stock price forecast for 2023? 3 Wall Street research analysts have issued 12-month target prices for Applied Industrial Technologies' shares. Their AIT share price forecasts range from $161.00 to $170.00. On average, they predict the company's share price to reach $164.33 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price. View analysts price targets for AIT or view top-rated stocks among Wall Street analysts. How have AIT shares performed in 2023? Applied Industrial Technologies' stock was trading at $126.03 on January 1st, 2023. Since then, AIT stock has increased by 1.6% and is now trading at $128.09. View the best growth stocks for 2023 here. Are investors shorting Applied Industrial Technologies? Applied Industrial Technologies saw a increase in short interest in April. As of April 30th, there was short interest totaling 536,900 shares, an increase of 19.7% from the April 15th total of 448,700 shares. Based on an average daily volume of 213,800 shares, the short-interest ratio is currently 2.5 days. Approximately 1.4% of the company's stock are short sold. View Applied Industrial Technologies' Short Interest. When is Applied Industrial Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023. View our AIT earnings forecast. How were Applied Industrial Technologies' earnings last quarter? Applied Industrial Technologies, Inc. (NYSE:AIT) posted its quarterly earnings results on Thursday, January, 26th. The industrial products company reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.34. The industrial products company earned $1.06 billion during the quarter, compared to analysts' expectations of $996.44 million. Applied Industrial Technologies had a trailing twelve-month return on equity of 26.15% and a net margin of 7.73%. Applied Industrial Technologies's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 EPS. How often does Applied Industrial Technologies pay dividends? What is the dividend yield for Applied Industrial Technologies? Applied Industrial Technologies announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Monday, May 15th will be paid a dividend of $0.35 per share on Wednesday, May 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, May 12th. Read our dividend analysis for AIT. What ETFs hold Applied Industrial Technologies' stock? ETFs with the largest weight of Applied Industrial Technologies (NYSE:AIT) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Momentum ETF (XSMO), ProShares S&P Kensho Smart Factories ETF (MAKX), Invesco S&P SmallCap Quality ETF (XSHQ), Dividend Performers ETF (IPDP), Invesco DWA Industrials Momentum ETF (PRN), Nuveen Small Cap Select ETF (NSCS) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG). Is Applied Industrial Technologies a good dividend stock? Applied Industrial Technologies (NYSE:AIT) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.09%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIT will have a dividend payout ratio of 15.96% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AIT. What guidance has Applied Industrial Technologies issued on next quarter's earnings? Applied Industrial Technologies issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $8.47-$8.60 for the period, compared to the consensus earnings per share estimate of $8.32. The company issued revenue guidance of $4.34 billion-$4.38 billion, compared to the consensus revenue estimate of $4.35 billion. 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. 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 investors include BlackRock Inc. (16.20%), JPMorgan Chase & Co. (4.40%), State Street Corp (3.51%), FMR LLC (3.32%), Dimensional Fund Advisors LP (2.38%) and Wellington Management Group LLP (2.26%). Insiders that own company stock include Christopher Macey, Fred D Bauer, Fred D Bauer, Kurt W Loring, Neil A Schrimsher, Peter A Dorsman, Peter C Wallace and Vincent K Petrella. 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 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 $128.09. How much money does Applied Industrial Technologies make? Applied Industrial Technologies (NYSE:AIT) has a market capitalization of $4.95 billion and generates $3.81 billion in revenue each year. The industrial products company earns $257.41 million in net income (profit) each year or $8.51 on an earnings per share basis. How many employees does Applied Industrial Technologies have? The company employs 6,100 workers across the globe. How can I contact Applied Industrial Technologies? Applied Industrial Technologies' mailing address is ONE APPLIED PLAZA, CLEVELAND OH, 44115. The official website for the company is www.applied.com. The industrial products company can be reached via phone at (216) 426-4000, via email at ir@applied.com, or via fax at 216-426-4845. This page (NYSE:AIT) was last updated on 5/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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