NYSE:AITApplied Industrial Technologies Stock Price, Forecast & News

$66.95

+2.93 (+4.58 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$66.02

Now: $66.95▼

$68.29

50-Day Range

$45.44

MA: $52.24▼

$64.02

52-Week Range

$30.66

Now: $66.95▼

$70.62

Volume266,777 shs

Average Volume199,217 shs

Market Capitalization$2.59 billion

P/E Ratio78.77

Dividend Yield2.00%

Beta1.38

Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in two segments, Service Center Based Distribution, and Fluid Power and Flow Control. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and hydraulic, pneumatic, lubrication, filtration, and flow control components and systems. It also operates fabricated rubber shops that modify and repair conveyor belts, as well as provide hose assemblies; and rubber service field crews to install and repair conveyor belts and rubber lining at customer locations. In addition, the company rebuilds or assembles speed reducers, pumps, valves, cylinders, and electric and hydraulic motors, as well as custom machining products; and offers flow control and technical support services. It offers 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, mining, oil and gas, primary metals, transportation, and utilities, as well as to government entities. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.

Beat the Market (BTM) Rank^™

1.4 Analyst's Opinion

Consensus Rating
Applied Industrial Technologies has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $73.00, Applied Industrial Technologies has a potential upside of 9.0% from its current price of $66.95.
Amount of Analyst Coverage
Applied Industrial Technologies has only been the subject of 2 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Applied Industrial Technologies has received 206 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Applied Industrial Technologies has received 316 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Applied Industrial Technologies has received 60.54% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Applied Industrial Technologies and other stocks. Vote “Outperform” if you believe AIT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AIT will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Applied Industrial Technologies is a leading dividend payer. It pays a dividend yield of 2.00%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Applied Industrial Technologies has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of Applied Industrial Technologies is 29.02 %. 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 39.38 % next year. This indicates that Applied Industrial Technologies will be able to sustain or increase its dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Applied Industrial Technologies insiders have bought 26.16% more of their company's stock than they have sold. Specifically, they have bought $200,802.00 in company stock and sold $159,163.00 in company stock.
Percentage Held by Insiders
Only 2.70% of the stock of Applied Industrial Technologies is held by insiders.
Percentage Held by Institutions
91.81% 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.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Applied Industrial Technologies are expected to decrease by -11.92% in the coming year, from $3.69 to $3.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Applied Industrial Technologies is 78.77, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Applied Industrial Technologies is 78.77, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.11.
Price to Book Value per Share Ratio
Applied Industrial Technologies has a P/B Ratio of 2.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.28 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Machinery, equipment, & supplies

Sub-IndustryTrading Companies & Distributors

SectorIndustrial Products

Current SymbolNYSE:AIT

Previous Symbol

CUSIP03820C10

CIK109563

Webwww.applied.com

Phone216-426-4753

Debt

Debt-to-Equity Ratio1.04

Current Ratio2.60

Quick Ratio1.66

Price-To-Earnings

Trailing P/E Ratio78.77

Forward P/E Ratio18.14

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.47 billion

Price / Sales0.75

Cash Flow$7.29 per share

Price / Cash Flow9.19

Book Value$23.24 per share

Price / Book2.88

Profitability

EPS (Most Recent Fiscal Year)$4.41

Net Income$143.99 million

Net Margins0.99%

Return on Equity17.40%

Return on Assets6.65%

Miscellaneous

Employees6,650

Outstanding Shares38,710,000

Market Cap$2.59 billion

Next Earnings Date8/12/2020 (Estimated)

OptionableOptionable

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Applied Industrial Technologies (NYSE:AIT) Frequently Asked Questions

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 reached pandemic status according to the World Health Organization (WHO). Since then, AIT stock has increased by 40.7% and is now trading at $66.95. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Applied Industrial Technologies?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Applied Industrial Technologies.

When is Applied Industrial Technologies' next earnings date?

Applied Industrial Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for Applied Industrial Technologies.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) posted its quarterly earnings data on Thursday, April, 30th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.01. The industrial products company had revenue of $830.80 million for the quarter, compared to analyst estimates of $858.94 million. Applied Industrial Technologies had a net margin of 0.99% and a return on equity of 17.40%. The company's quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. View Applied Industrial Technologies' earnings history.

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 30th. Stockholders of record on Friday, May 15th will be given a dividend of $0.32 per share on Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, May 14th. View Applied Industrial Technologies' dividend history.

What price target have analysts set for AIT?

4 brokerages have issued 1-year price targets for Applied Industrial Technologies' stock. Their forecasts range from $60.00 to $81.00. On average, they anticipate Applied Industrial Technologies' share price to reach $73.00 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. View analysts' price targets for Applied Industrial Technologies.

Has Applied Industrial Technologies been receiving favorable news coverage?

News stories about AIT stock have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Applied Industrial Technologies earned a coverage optimism score of -4.4 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the near term. View the latest news aboutApplied Industrial Technologies.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 605,500 shares, a drop of 13.4% from the April 30th total of 699,400 shares. Based on an average daily trading volume, of 273,800 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.6% of the company's shares are short sold. View Applied Industrial Technologies' Current Options Chain.

Who are some of Applied Industrial Technologies' key competitors?

Some companies that are related to Applied Industrial Technologies include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Air Lease (AL), GATX (GATX), Beacon Roofing Supply (BECN), WESCO International (WCC), Rush Enterprises (RUSHA), Kaman (KAMN), H&E Equipment Services (HEES), MRC Global (MRC), Textainer Group (TGH) and DXP Enterprises (DXPE). View all competitors.

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), Danaher (DHR), Intel (INTC), International Paper (IP), LyondellBasell Industries (LYB), Mastercard (MA), Altria Group (MO), Marathon Petroleum (MPC), Netflix (NFLX) and PepsiCo (PEP).

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the following people:

Mr. Neil A. Schrimsher, Pres, CEO & Director (Age 55)
Mr. David K. Wells, VP, CFO & Treasurer (Age 57)
Mr. Fred D. Bauer, VP, Gen. Counsel & Sec. (Age 53)
Mr. Kurt W. Loring, VP & Chief Human Resource Officer (Age 50)
Mr. Christopher Macey, Corp. Controller & Principal Accounting Officer (Age 46)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.28%), JPMorgan Chase & Co. (6.63%), Victory Capital Management Inc. (4.30%), Victory Capital Management Inc. (4.30%), Fuller & Thaler Asset Management Inc. (3.78%) and State Street Corp (3.17%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, L Thomas Hiltz, Neil A Schrimsher and Peter C Wallace. View institutional ownership trends for Applied Industrial Technologies.

Which major investors are selling Applied Industrial Technologies stock?

AIT stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Wellington Management Group LLP, Deutsche Bank AG, BlackRock Inc., Morgan Stanley, Morgan Stanley, Mutual of America Capital Management LLC, and JPMorgan Chase & Co.. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Jerry Sue Thornton, and Peter C Wallace. View insider buying and selling activity for Applied Industrial Technologies.

Which major investors are buying Applied Industrial Technologies stock?

AIT stock was acquired by a variety of institutional investors in the last quarter, including Fiduciary Management Inc. WI, Cramer Rosenthal Mcglynn LLC, Invesco Ltd., Frontier Capital Management Co. LLC, Boston Trust Walden Corp, Victory Capital Management Inc., Victory Capital Management Inc., and Boston Trust Walden Corp. View insider buying and selling activity for Applied Industrial Technologies.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Applied Industrial Technologies' stock price today?

One share of AIT stock can currently be purchased for approximately $66.95.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.59 billion and generates $3.47 billion in revenue each year. The industrial products company earns $143.99 million in net income (profit) each year or $4.41 on an earnings per share basis. Applied Industrial Technologies employs 6,650 workers across the globe.

What is Applied Industrial Technologies' official website?

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

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 216-426-4753 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff