Applied Industrial Technologies Stock Forecast, Price & News

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AIT stock has increased by 29.2% and is now trading at $61.48.
View which stocks have been most impacted by COVID-19.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Applied Industrial Technologies.

Applied Industrial Technologies is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Applied Industrial Technologies.

Applied Industrial Technologies, Inc. (NYSE:AIT) released its quarterly earnings results on Saturday, October, 31st. The industrial products company reported $0.89 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.25. Applied Industrial Technologies had a return on equity of 16.69% and a net margin of 0.74%.
View Applied Industrial Technologies' earnings history.

Applied Industrial Technologies announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 16th will be given a dividend of $0.32 per share on Monday, November 30th. This represents a $1.28 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, November 13th.
View Applied Industrial Technologies' dividend history.

5 equities research analysts have issued twelve-month target prices for Applied Industrial Technologies' stock. Their forecasts range from $75.00 to $81.00. On average, they anticipate Applied Industrial Technologies' share price to reach $76.80 in the next year. This suggests a possible upside of 24.9% from the stock's current price.
View analysts' price targets for Applied Industrial Technologies.

Applied Industrial Technologies saw a increase in short interest in October. As of October 15th, there was short interest totaling 506,600 shares, an increase of 18.2% from the September 30th total of 428,600 shares. Based on an average trading volume of 185,900 shares, the short-interest ratio is currently 2.7 days. Approximately 1.3% of the shares of the company are sold short.
View Applied Industrial Technologies' Short Interest.

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), Textainer Group (TGH), H&E Equipment Services (HEES), Titan Machinery (TITN) and MRC Global (MRC).
View all competitors.

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).

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

Applied Industrial Technologies' stock is owned by a number of retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (1.58%), Grace & White Inc. NY (0.50%), Scout Investments Inc. (0.25%), Assenagon Asset Management S.A. (0.22%), State of Alaska Department of Revenue (0.09%) and Guyasuta Investment Advisors Inc. (0.09%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, Neil A Schrimsher, Peter A Dorsman and Peter C Wallace.
View institutional ownership trends for Applied Industrial Technologies.

AIT stock was sold by a variety of institutional investors in the last quarter, including Dupont Capital Management Corp, MAI Capital Management, Scout Investments Inc., Guyasuta Investment Advisors Inc., Grace & White Inc. NY, Envestnet Asset Management Inc., First Midwest Bank Trust Division, and State of Alaska Department of Revenue. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Peter A Dorsman, and Peter C Wallace.
View insider buying and selling activity for Applied Industrial Technologies.

AIT stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Boston Trust Walden Corp, Campbell & CO Investment Adviser LLC, Louisiana State Employees Retirement System, Bowling Portfolio Management LLC, Nisa Investment Advisors LLC, Wedge Capital Management L L P NC, and Pinnacle Associates Ltd..
View insider buying and selling activity for 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.

One share of AIT stock can currently be purchased for approximately $61.48.

Applied Industrial Technologies has a market capitalization of $2.38 billion and generates $3.25 billion in revenue each year. The industrial products company earns $24.04 million in net income (profit) each year or $3.81 on an earnings per share basis. Applied Industrial Technologies employs 6,200 workers across the globe.

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

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]