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NYSE:AIT

Applied Industrial Technologies Stock Forecast, Price & News

$53.66
+0.32 (+0.60 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$52.84
Now: $53.66▼
$53.87
50-Day Range
$52.76
MA: $60.71▼
$69.05
52-Week Range
$30.66
Now: $53.66▼
$70.62
Volume146,541 shs
Average Volume223,972 shs
Market Capitalization$2.08 billion
P/E Ratio89.43
Dividend Yield2.40%
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.
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Applied Industrial Technologies logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

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 Ratio89.43
Forward P/E Ratio17.89
P/E GrowthN/A

Sales & Book Value

Annual Sales$3.25 billion
Price / Sales0.64
Cash Flow$8.84 per share
Price / Cash Flow6.07
Book Value$21.79 per share
Price / Book2.46

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$2.08 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$53.66
+0.32 (+0.60 %)
(As of 09/25/2020 12:00 AM 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 been impacted by COVID-19 (Coronavirus)?

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AIT stock has increased by 12.8% and is now trading at $53.66.
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) issued its quarterly earnings results on Wednesday, August, 12th. The industrial products company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.12. The industrial products company had revenue of $725.08 million for the quarter, compared to the consensus estimate 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 announced a quarterly dividend on Monday, June 29th. Stockholders of record on Friday, August 14th will be given a dividend of $0.32 per share on Monday, August 31st. This represents a $1.28 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, August 13th.
View Applied Industrial Technologies' dividend history.

What price target have analysts set for AIT?

5 brokers have issued 12 month price targets for Applied Industrial Technologies' stock. Their forecasts range from $75.00 to $81.00. On average, they expect Applied Industrial Technologies' share price to reach $76.80 in the next twelve months. This suggests a possible upside of 43.1% 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 Titan Machinery (TITN).
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."

Who are Applied Industrial Technologies' major shareholders?

Applied Industrial Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.13%), Victory Capital Management Inc. (4.32%), Macquarie Group Ltd. (3.08%), Neuberger Berman Group LLC (1.94%), FMR LLC (1.78%) and Palisade Capital Management LLC NJ (1.76%). 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 FMR LLC, Tygh Capital Management Inc., Goldman Sachs Group Inc., PDT Partners LLC, Mutual of America Capital Management LLC, Charles Schwab Investment Management Inc., Boston Trust Walden Corp, and Principal Financial Group Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., ProShare Advisors LLC, Neuberger Berman Group LLC, Macquarie Group Ltd., Frontier Capital Management Co. LLC, Teacher Retirement System of Texas, Nuveen Asset Management LLC, and Strs Ohio.
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 $53.66.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.08 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 9/26/2020 by MarketBeat.com Staff
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