NYSE:AIT

Applied Industrial Technologies Stock Forecast, Price & News

$54.72

-0.18 (-0.33 %)

(As of 09/29/2020 12:00 AM ET)

Add

Compare

Today's Range

$53.87

Now: $54.72▼

$55.20

50-Day Range

$52.76

MA: $59.69▼

$69.05

52-Week Range

$30.66

Now: $54.72▼

$70.62

Volume160,558 shs

Average Volume223,304 shs

Market Capitalization$2.12 billion

P/E Ratio91.20

Dividend Yield2.33%

Beta1.4

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^™

3.5 Analyst's Opinion

Consensus Rating
Applied Industrial Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $76.80, Applied Industrial Technologies has a forecasted upside of 40.4% from its current price of $54.72.
Amount of Analyst Coverage
Applied Industrial Technologies has only been the subject of 3 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Applied Industrial Technologies has received 211 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Applied Industrial Technologies has received 320 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Applied Industrial Technologies has received 60.26% “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.

2.5 Dividend Strength

Dividend Yield
Applied Industrial Technologies pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Applied Industrial Technologies has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Applied Industrial Technologies is 33.60%. 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 34.69% next year. This indicates that Applied Industrial Technologies will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In 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 $616,563.00 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
90.88% 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.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Applied Industrial Technologies are expected to grow by 23.00% in the coming year, from $3.00 to $3.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Applied Industrial Technologies is 91.20, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Applied Industrial Technologies is 91.20, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 28.25.
Price to Book Value per Share Ratio
Applied Industrial Technologies has a P/B Ratio of 2.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.05 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 Ratio1.01

Current Ratio2.72

Quick Ratio1.81

Price-To-Earnings

Trailing P/E Ratio91.20

Forward P/E Ratio18.24

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.25 billion

Price / Sales0.65

Cash Flow$9.10 per share

Price / Cash Flow6.01

Book Value$21.79 per share

Price / Book2.51

Profitability

EPS (Most Recent Fiscal Year)$3.81

Net Income$24.04 million

Net Margins0.74%

Return on Equity16.69%

Return on Assets6.31%

Miscellaneous

Employees6,200

Outstanding Shares38,759,000

Market Cap$2.12 billion

Next Earnings Date11/4/2020 (Estimated)

OptionableOptionable

$54.72

-0.18 (-0.33 %)

(As of 09/29/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive AIT News and Ratings via Email

Sign-up to receive the latest news and ratings for AIT and its competitors with MarketBeat's FREE daily newsletter.

Applied Industrial Technologies (NYSE:AIT) Frequently Asked Questions

How has Applied Industrial Technologies' stock 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 15.0% and is now trading at $54.72.
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 Wednesday, November 4th 2020.
View our earnings forecast for Applied Industrial Technologies.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) released its earnings results on Wednesday, August, 12th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.12. The industrial products company earned $725.08 million during the quarter, compared to analyst estimates of $751.25 million. Applied Industrial Technologies had a net margin of 0.74% and a return on equity of 16.69%.
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 declared a quarterly dividend on Monday, June 29th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.32 per share on Monday, August 31st. This represents a $1.28 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, August 13th.
View Applied Industrial Technologies' dividend history.

What price target have analysts set for AIT?

5 equities research analysts have issued 12-month price targets for Applied Industrial Technologies' stock. Their forecasts range from $75.00 to $81.00. On average, they anticipate Applied Industrial Technologies' stock price to reach $76.80 in the next year. This suggests a possible upside of 40.4% from the stock's current price.
View analysts' price targets for Applied Industrial Technologies.

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), WESCO International (WCC), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), MRC Global (MRC) 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), 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 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."

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 $54.72.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.12 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 9/30/2020 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Get Started with MarketBeat

	Read Your Daily Newsletter
	Check Out My MarketBeat
	Watch Our Tutorial Videos
	Add a Stock to Your Watchlist
	Set Up an Instant Alert
	View a Company's Profile Page
	View Our Financial Calendars
	View Today's Analyst Ratings