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NYSE:AIT

Applied Industrial Technologies - AIT Stock Forecast, Price & News

$136.57
+3.68 (+2.77%)
(As of 03/27/2023 03:03 PM ET)
Add
Compare
Today's Range
$134.21
$136.71
50-Day Range
$120.59
$146.69
52-Week Range
$88.09
$149.42
Volume
75,898 shs
Average Volume
238,887 shs
Market Capitalization
$5.27 billion
P/E Ratio
17.53
Dividend Yield
1.03%
Price Target
$164.00

Applied Industrial Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.5% Upside
$164.00 Price Target
Short Interest
Healthy
1.38% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.06
Upright™ Environmental Score
News Sentiment
0.94mentions of Applied Industrial Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$3.73 M Sold Last Quarter
Proj. Earnings Growth
4.20%
From $8.34 to $8.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Industrial Products Sector

57th out of 179 stocks

Machinery, Equipment, & Supplies Industry

2nd out of 5 stocks


AIT stock logo

About Applied Industrial Technologies (NYSE:AIT) Stock

Applied 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.

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AIT Stock News Headlines

Where Applied Industrial Stands With Analysts
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Here's Why You Should Hold Applied Industrial (AIT) Stock
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Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Applied Industrial Technologies: Still A Buy
See More Headlines
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AIT Company Calendar

Last Earnings
1/26/2023
Ex-Dividend for 2/28 Dividend
2/14/2023
Dividend Payable
2/28/2023
Today
3/27/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Machinery, equipment, & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
03820C10
Employees
6,100
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$257.41 million
Pretax Margin
9.49%

Debt

Sales & Book Value

Annual Sales
$3.81 billion
Cash Flow
$8.17 per share
Book Value
$29.90 per share

Miscellaneous

Free Float
37,751,000
Market Cap
$5.13 billion
Optionable
Optionable
Beta
1.19

Key Executives

  • Neil A. SchrimsherNeil A. Schrimsher
    President, Chief Executive Officer & Director
  • David K. Wells
    Chief Financial Officer, Treasurer & VP
  • Lonny D. Lawrence
    Vice President-Information Technology
  • Kurt W. Loring
    Chief Human Resources Officer & Vice President
  • Ryan Cieslak
    Director-Investor Relations & Treasury













AIT Stock - Frequently Asked Questions

Should I buy or sell Applied Industrial Technologies stock right now?

3 Wall Street equities research 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 equities research 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 price objectives for Applied Industrial Technologies' shares. Their AIT share price forecasts range from $160.00 to $170.00. On average, they expect the company's share price to reach $164.00 in the next twelve months. This suggests a possible upside of 21.5% 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 2023. Since then, AIT stock has increased by 7.1% and is now trading at $135.02.
View the best growth stocks for 2023 here
.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 522,400 shares, an increase of 7.0% from the February 28th total of 488,200 shares. Based on an average daily volume of 225,500 shares, the short-interest ratio is currently 2.3 days. Approximately 1.4% 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, beating analysts' consensus estimates of $1.71 by $0.34. The industrial products company earned $1.06 billion during the quarter, compared to analyst estimates 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 business's quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 EPS.

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 Thursday, January 26th. Stockholders 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 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, February 14th. This is a positive change from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for AIT
.

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 1.06%. 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 issued an update on 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 earnings per share 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 $135.02.

How much money does Applied Industrial Technologies make?

Applied Industrial Technologies (NYSE:AIT) has a market capitalization of $5.21 billion and generates $4.16 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 3/27/2023 by MarketBeat.com Staff