NYSE:AIT Applied Industrial Technologies - AIT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Applied Industrial Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $132.89 +0.71 (+0.54%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$129.44▼$133.1950-Day Range$120.59▼$146.6952-Week Range$88.09▼$149.42Volume105,595 shsAverage Volume271,532 shsMarket Capitalization$5.13 billionP/E Ratio17.06Dividend Yield1.05%Price Target$164.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Applied Industrial Technologies MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside23.4% Upside$164.00 Price TargetShort InterestHealthy1.29% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.06Upright™ Environmental ScoreNews Sentiment0.81Based on 4 Articles This WeekInsider TradingSelling Shares$3.73 M Sold Last QuarterProj. Earnings Growth4.20%From $8.34 to $8.69 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.2.37 out of 5 starsIndustrial Products Sector63rd out of 177 stocksMachinery, Equipment, & Supplies Industry2nd out of 5 stocks 2.5 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 $164.00, Applied Industrial Technologies has a forecasted upside of 23.4% from its current price of $132.89.Amount of Analyst CoverageApplied Industrial Technologies has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.29% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Applied Industrial Technologies has recently increased by 2.22%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend YieldApplied Industrial Technologies pays a meaningful dividend of 1.05%, 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 17.97%. 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 16.11% 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 2.7 News and Social Media Coverage News SentimentApplied Industrial Technologies has a news sentiment score of 0.81. 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 higher news sentiment than the 0.63 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Applied Industrial Technologies this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for AIT on MarketBeat in the last 30 days. This is a decrease of -97% 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 -78% 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 $3,729,532.00 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 4.20% in the coming year, from $8.34 to $8.69 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Applied Industrial Technologies is 17.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Applied Industrial Technologies is 17.06, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.04.Price to Book Value per Share RatioApplied Industrial Technologies has a P/B Ratio of 4.44. 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 HeadlinesMarch 20, 2023 | americanbankingnews.comApplied Industrial Technologies (NYSE:AIT) Upgraded at Robert W. BairdMarch 17, 2023 | markets.businessinsider.comWhere Applied Industrial Stands With AnalystsMarch 25, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 17, 2023 | seekingalpha.comApplied Industrial Technologies upgraded to Outperform at BairdMarch 17, 2023 | americanbankingnews.comApplied Industrial Technologies (NYSE:AIT) Now Covered by Analysts at StockNews.comMarch 5, 2023 | finance.yahoo.comIs Applied Industrial Technologies, Inc.'s (NYSE:AIT) Latest Stock Performance A Reflection Of Its Financial Health?February 24, 2023 | finance.yahoo.comHere's Why You Should Hold Applied Industrial (AIT) StockFebruary 17, 2023 | msn.comIf You Invested $1000 in Applied Industrial Technologies a Decade Ago, This is How Much It'd Be Worth NowMarch 25, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.February 13, 2023 | msn.comApplied Industrial Technologies (AIT) Upgraded to Buy: What Does It Mean for the Stock?February 8, 2023 | finance.yahoo.comCarlisle (CSL) Q4 Earnings & Sales Top Estimates, Rise Y/YFebruary 7, 2023 | finance.yahoo.comZacks.com featured highlights Applied Industrial Technologies, Kyndryl Holdings and NewtekOneFebruary 1, 2023 | seekingalpha.comApplied Industrial Technologies Riding Automation To New HeightsFebruary 1, 2023 | finance.yahoo.comHere's How Much a $1000 Investment in Applied Industrial Technologies Made 10 Years Ago Would Be Worth TodayJanuary 31, 2023 | finance.yahoo.comApplied Industrial Technologies Releases Fifth Edition Maintenance Supplies & Solutions Master Product CatalogJanuary 30, 2023 | finance.yahoo.comApplied Industrial Technologies, Inc. (NYSE:AIT) Q2 2023 Earnings Call TranscriptJanuary 29, 2023 | finance.yahoo.comApplied Industrial Technologies (NYSE:AIT) Is Increasing Its Dividend To $0.35January 27, 2023 | finance.yahoo.comApplied Industrial (AIT) Up on Q2 Earnings Beat, Improved ViewJanuary 27, 2023 | finance.yahoo.comApplied Industrial Technologies Second Quarter 2023 Earnings: Beats ExpectationsJanuary 26, 2023 | seekingalpha.comApplied Industrial Technologies, Inc. (AIT) Q2 2023 Earnings Call TranscriptJanuary 26, 2023 | markets.businessinsider.comApplied Industrial Technologies Q2 Profit Beats Estimates, Lifts FY23 EPS Above RangeJanuary 26, 2023 | finance.yahoo.comApplied Industrial Technologies (AIT) Surpasses Q2 Earnings and Revenue EstimatesJanuary 26, 2023 | msn.comApplied Industrial Technologies GAAP EPS of $2.05 beats by $0.41, revenue of $1.06B beats by $63.56MJanuary 26, 2023 | finance.yahoo.comApplied Industrial Technologies Reports Fiscal 2023 Second Quarter ResultsJanuary 24, 2023 | seekingalpha.comApplied Industrial Technologies: Still A BuyJanuary 18, 2023 | finance.yahoo.comInvesting in Applied Industrial Technologies (NYSE:AIT) three years ago would have delivered you a 97% gainJanuary 12, 2023 | finance.yahoo.comApplied Industrial Technologies to Report Second Quarter Earnings and Conduct Investor Teleconference on January 26, 2023See 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 Payable2/28/2023Today3/25/2023Next Earnings (Estimated)4/27/2023Fiscal Year End6/30/2023Get 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$164.00 High Stock Price Forecast$170.00 Low Stock Price Forecast$160.00 Forecasted Upside/Downside+23.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$7.79 Trailing P/E Ratio17.06 Forward P/E Ratio15.93 P/E GrowthN/ANet Income$257.41 million Net Margins7.32% Pretax Margin9.49% Return on Equity25.58% Return on Assets12.40% Debt Debt-to-Equity Ratio0.48 Current Ratio3.18 Quick Ratio2.01 Sales & Book Value Annual Sales$3.81 billion Price / Sales1.35 Cash Flow$7.92 per share Price / Cash Flow16.77 Book Value$29.90 per share Price / Book4.44Miscellaneous Outstanding Shares38,600,000Free Float37,751,000Market Cap$5.13 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 PresidentRyan CieslakDirector-Investor Relations & TreasuryKey CompetitorsChart IndustriesNYSE:GTLSMSA SafetyNYSE:MSAAtkoreNYSE:ATKRTimkenNYSE:TKRSilganNYSE:SLGNView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 312 shares on 3/23/2023Ownership: 0.052%Neil A SchrimsherSold 21,526 sharesTotal: $3.12 M ($145.06/share)Neil A SchrimsherSold 4,186 sharesTotal: $606,970.00 ($145.00/share)Voya Investment Management LLCSold 2,714 shares on 2/28/2023Ownership: 0.077%Teachers Retirement System of The State of KentuckySold 6,110 shares on 2/22/2023Ownership: 0.092%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 brokers have issued 12 month target prices for Applied Industrial Technologies' shares. Their AIT share price forecasts range from $160.00 to $170.00. On average, they anticipate the company's stock price to reach $164.00 in the next year. This suggests a possible upside of 23.4% 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 at the beginning of the year. Since then, AIT shares have increased by 5.4% and is now trading at $132.89. View the best growth stocks for 2023 here. Are investors shorting Applied Industrial Technologies? Applied Industrial Technologies saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 477,600 shares, an increase of 8.5% from the January 31st total of 440,200 shares. Based on an average daily volume of 203,700 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.3% of the shares of the company 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, April 27th 2023. View our AIT earnings forecast. How were Applied Industrial Technologies' earnings last quarter? Applied Industrial Technologies, Inc. (NYSE:AIT) announced its earnings results on Thursday, January, 26th. The industrial products company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.34. The industrial products company earned $1.06 billion during the quarter, compared to the consensus estimate of $996.44 million. Applied Industrial Technologies had a trailing twelve-month return on equity of 25.58% and a net margin of 7.32%. The company's quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $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, January 26th. Investors of record on Wednesday, February 15th will be paid a dividend of $0.35 per share on Tuesday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, February 14th. This is a boost from the stock's previous quarterly dividend of $0.34. 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), ProShares S&P Kensho Smart Factories ETF (MAKX), Invesco S&P SmallCap Momentum ETF (XSMO), Dividend Performers ETF (IPDP), Invesco S&P SmallCap Quality ETF (XSHQ), Nuveen Small Cap Select ETF (NSCS), iShares S&P Small-Cap 600 Growth ETF (IJT) and SPDR S&P 600 Small Cap Growth ETF (SLYG). 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 1.05%. 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 17.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIT will have a dividend payout ratio of 16.11% 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 updated its FY 2023 earnings guidance on Thursday, January, 26th. The company provided earnings per share guidance of $8.10-$8.50 for the period, compared to the consensus EPS estimate of $7.29. The company issued revenue guidance of $4.31 billion-$4.38 billion, compared to the consensus revenue estimate of $4.11 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 shareholders include JPMorgan Chase & Co. (4.85%), Fuller & Thaler Asset Management Inc. (3.33%), Victory Capital Management Inc. (2.96%), Victory Capital Management Inc. (2.96%), Macquarie Group Ltd. (2.45%) and Dimensional Fund Advisors LP (2.37%). 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 $132.89. How much money does Applied Industrial Technologies make? Applied Industrial Technologies (NYSE:AIT) has a market capitalization of $5.13 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 $7.79 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 3/25/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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 from 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 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.