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NYSE:AIT

Applied Industrial Technologies Stock Forecast, Price & News

$91.91
+5.65 (+6.55 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$86.66
Now: $91.91
$91.96
50-Day Range
$70.39
MA: $81.37
$88.69
52-Week Range
$30.66
Now: $91.91
$91.96
Volume162,497 shs
Average Volume173,542 shs
Market Capitalization$3.57 billion
P/E Ratio187.58
Dividend Yield1.51%
Beta1.47
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.
Applied Industrial Technologies logo

Headlines

Ex-Dividend Date Insight: Applied Industrial
February 11, 2021 |  finance.yahoo.com
150,907
January 29, 2021 |  businesswire.com
Is Applied Industrial (AIT) a Good Value Investor Stock?
January 8, 2021 |  finance.yahoo.com
Here's Why it is Worth Buying Applied Industrial Stock Now
November 19, 2020 |  finance.yahoo.com
Understanding Applied Industrial's Ex-Dividend Date
November 12, 2020 |  finance.yahoo.com
Flowserve (FLS) Displays Solid Prospects Amid Pandemic Scare
November 11, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Machinery, equipment, & supplies
Sub-IndustryTrading Companies & Distributors
CUSIP03820C10
Phone216-426-4753
Employees6,054
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.25 billion
Cash Flow$9.94 per share
Book Value$21.79 per share

Profitability

Net Income$24.04 million

Miscellaneous

Market Cap$3.57 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.74 out of 5 stars

Industrial Products Sector

85th out of 398 stocks

Machinery, Equipment, & Supplies Industry

3rd out of 6 stocks

Analyst Opinion: 1.5Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$91.91
+5.65 (+6.55 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Applied Industrial Technologies (NYSE:AIT) Frequently Asked Questions

Is Applied Industrial Technologies a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Applied Industrial Technologies stock.
View analyst ratings for Applied Industrial Technologies
or view top-rated stocks.

What stocks does MarketBeat like better than Applied Industrial Technologies?

Wall Street analysts have given Applied Industrial Technologies a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Applied Industrial Technologies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Applied Industrial Technologies' next earnings date?

Applied Industrial Technologies is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 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 data on Wednesday, January, 27th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.22. The industrial products company had revenue of $751.80 million for the quarter, compared to the consensus estimate of $736.68 million. Applied Industrial Technologies had a trailing twelve-month return on equity of 16.31% and a net margin of 0.64%. The business's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share.
View Applied Industrial Technologies' earnings history
.

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 shares have increased by 93.1% and is now trading at $91.91.
View which stocks have been most impacted by COVID-19
.

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 28th. Investors of record on Tuesday, February 16th will be given a dividend of $0.33 per share on Friday, February 26th. This represents a $1.32 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, February 12th. This is a positive change from Applied Industrial Technologies's previous quarterly dividend of $0.32.
View Applied Industrial Technologies' dividend history
.

Is Applied Industrial Technologies a good dividend stock?

Applied Industrial Technologies pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.51%. Applied Industrial Technologies does not yet have a strock track record of dividend growth. The dividend payout ratio of Applied Industrial Technologies is 34.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Applied Industrial Technologies will have a dividend payout ratio of 33.08% next year. This indicates that Applied Industrial Technologies will be able to sustain or increase its dividend.
View Applied Industrial Technologies' dividend history.

What price target have analysts set for AIT?

4 analysts have issued 1-year price objectives for Applied Industrial Technologies' stock. Their forecasts range from $75.00 to $90.00. On average, they expect Applied Industrial Technologies' stock price to reach $79.50 in the next twelve months. This suggests that the stock has a possible downside of 13.5%.
View analysts' price targets for Applied Industrial Technologies
or view top-rated stocks among Wall Street analysts.

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the following people:
  • Mr. Neil A. Schrimsher, Pres, CEO & Director (Age 57, Pay $1.97M)
  • Mr. David K. Wells, VP, CFO & Treasurer (Age 59, Pay $757.29k)
  • Mr. Fred D. Bauer, VP, Gen. Counsel & Sec. (Age 55, Pay $687.86k)
  • Mr. Kurt W. Loring, VP & Chief Human Resource Officer (Age 52, Pay $586.04k)
  • Mr. Warren E. Hoffner III, VP and GM of Fluid Power & Flow Control (Age 61, Pay $642.99k)
  • Mr. Ryan Dale Cieslak, Director of Investor Relations & Assistant Treasurer
  • Ms. Julie A. Kho, Mang. of Corp. Communications & Media Relations
  • Joe Mangiapane, Managing Director of Australia & New Zealand
  • Mr. Christopher Macey, Corp. Controller (Age 48)
  • Mike R. Allen, Pres of Applied Industrial Technologies, LP - Canada

What is Neil A. Schrimsher's approval rating as Applied Industrial Technologies' CEO?

86 employees have rated Applied Industrial Technologies CEO Neil A. Schrimsher on Glassdoor.com. Neil A. Schrimsher has an approval rating of 58% among Applied Industrial Technologies' 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.

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).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.54%), JPMorgan Chase & Co. (7.31%), Victory Capital Management Inc. (4.01%), Fuller & Thaler Asset Management Inc. (3.75%), Dimensional Fund Advisors LP (3.04%) and Palisade Capital Management LLC NJ (1.83%). Company insiders that own Applied Industrial Technologies stock include Jerry Sue Thornton, Neil A Schrimsher, Peter A Dorsman, Peter C Wallace and Vincent K Petrella.
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 Victory Capital Management Inc., Dimensional Fund Advisors LP, Healthcare of Ontario Pension Plan Trust Fund, Healthcare of Ontario Pension Plan Trust Fund, Bahl & Gaynor Inc., Kingsview Wealth Management LLC, Eaton Vance Management, and Eaton Vance Management. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Peter A Dorsman, Peter C Wallace, and Vincent K Petrella.
View insider buying and selling activity for Applied Industrial Technologies
or view top insider-selling stocks.

Which major investors are buying Applied Industrial Technologies stock?

AIT stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, JPMorgan Chase & Co., BlackRock Inc., Kennedy Capital Management Inc., Nuveen Asset Management LLC, Morgan Stanley, First Trust Advisors LP, and Aviva PLC.
View insider buying and selling activity for Applied Industrial Technologies
or or view top insider-buying stocks.

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 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 $91.91.

How much money does Applied Industrial Technologies make?

Applied Industrial Technologies has a market capitalization of $3.57 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.

How many employees does Applied Industrial Technologies have?

Applied Industrial Technologies employs 6,054 workers across the globe.

What is Applied Industrial Technologies' official website?

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

Where are Applied Industrial Technologies' headquarters?

Applied Industrial Technologies is headquartered at ONE APPLIED PLAZA, CLEVELAND OH, 44115.

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 3/5/2021 by MarketBeat.com Staff

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