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NYSE:AIT

Applied Industrial Technologies Stock Forecast, Price & News

$61.48
+1.24 (+2.06 %)
(As of 10/29/2020 04:15 PM ET)
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Compare
Today's Range
$59.30
Now: $61.48
$61.88
50-Day Range
$52.76
MA: $58.11
$62.86
52-Week Range
$30.66
Now: $61.48
$70.62
Volume187,903 shs
Average Volume220,997 shs
Market Capitalization$2.38 billion
P/E Ratio102.47
Dividend Yield2.12%
Beta1.39
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 & Flow Control. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, machinery and robotics automation products, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and offers motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, 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 offers equipment repair 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.
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Applied Industrial Technologies logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.85 out of 5 stars

Industry, Sector and Symbol

Industry Machinery, equipment, & supplies
Sub-IndustryTrading Companies & Distributors
CUSIP03820C10
Phone216-426-4753
Employees6,200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.25 billion
Cash Flow$8.86 per share
Book Value$21.79 per share

Profitability

Net Income$24.04 million

Miscellaneous

Market Cap$2.38 billion
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$61.48
+1.24 (+2.06 %)
(As of 10/29/2020 04:15 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Applied Industrial Technologies (NYSE:AIT) Frequently Asked Questions

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

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
.

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

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
.

When is Applied Industrial Technologies' next earnings date?

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
.

How were Applied Industrial Technologies' earnings last quarter?

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
.

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 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
.

What price target have analysts set for AIT?

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
.

Are investors shorting 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
.

Who are some of Applied Industrial Technologies' key 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), QUALCOMM (QCOM), AT&T (T), Chevron (CVX), Danaher (DHR), Gilead Sciences (GILD), Intel (INTC), Mastercard (MA), Oracle (ORCL) and Pfizer (PFE).

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the following people:
  • Mr. Neil A. Schrimsher, Pres, CEO & Director (Age 56, Pay $1.97M)
  • Mr. David K. Wells, VP, CFO & Treasurer (Age 58, Pay $757.29k)
  • Mr. Fred D. Bauer, VP, Gen. Counsel & Sec. (Age 54, Pay $687.86k)
  • Mr. Kurt W. Loring, VP & Chief Human Resource Officer (Age 51, Pay $586.04k)
  • Mr. Warren E. Hoffner III, VP and GM of Fluid Power & Flow Control (Age 60, Pay $642.99k)

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 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
.

Which institutional investors are selling Applied Industrial Technologies stock?

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
.

Which institutional investors are buying Applied Industrial Technologies stock?

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
.

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 $61.48.

How big of a company is Applied Industrial Technologies?

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.

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 10/29/2020 by MarketBeat.com Staff

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