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. $145.11 -0.80 (-0.55%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$144.90▼$148.5950-Day Range$117.28▼$145.9152-Week Range$88.09▼$149.42Volume460,962 shsAverage Volume210,536 shsMarket Capitalization$5.60 billionP/E Ratio18.63Dividend Yield0.94%Price Target$164.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Applied Industrial Technologies MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside13.0% Upside$164.00 Price TargetShort InterestHealthy1.28% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.06Upright™ Environmental ScoreNews Sentiment0.82Based on 19 Articles This WeekInsider TradingN/AProj. 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.2.39 out of 5 starsIndustrial Products Sector59th out of 174 stocksMachinery, Equipment, & Supplies Industry3rd out of 5 stocks 2.3 Analyst's Opinion Consensus RatingApplied Industrial Technologies has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $164.00, Applied Industrial Technologies has a forecasted upside of 13.0% from its current price of $145.11.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 Shorted1.28% 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 2.7, 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 5.35%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend YieldApplied Industrial Technologies has a dividend yield of 0.94%, which is in 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 17.46%. 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 15.65% 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 3.8 News and Social Media Coverage News SentimentApplied Industrial Technologies has a news sentiment score of 0.82. 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 0.57 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Applied Industrial Technologies this week, compared to 3 articles on an average week.Search Interest5 people have searched for AIT on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat Follows12 people have added Applied Industrial Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Applied Industrial Technologies insiders have not sold or bought any 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 1.9 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 18.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.55.Price to Earnings Ratio vs. SectorThe P/E ratio of Applied Industrial Technologies is 18.63, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.13.Price to Book Value per Share RatioApplied Industrial Technologies has a P/B Ratio of 4.32. 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 HeadlinesFebruary 3, 2023 | americanbankingnews.comStockNews.com Lowers Applied Industrial Technologies (NYSE:AIT) to BuyFebruary 1, 2023 | seekingalpha.comApplied Industrial Technologies Riding Automation To New HeightsFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 1, 2023 | finance.yahoo.comHere's How Much a $1000 Investment in Applied Industrial Technologies Made 10 Years Ago Would Be Worth TodayFebruary 1, 2023 | americanbankingnews.comResearch Analysts Issue Forecasts for Applied Industrial Technologies, Inc.'s Q1 2024 Earnings (NYSE:AIT)January 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 30, 2023 | americanbankingnews.comLoop Capital Raises Applied Industrial Technologies (NYSE:AIT) Price Target to $170.00February 5, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 29, 2023 | finance.yahoo.comApplied Industrial Technologies (NYSE:AIT) Is Increasing Its Dividend To $0.35January 28, 2023 | americanbankingnews.comApplied Industrial Technologies (NYSE:AIT) Hits New 12-Month High on Better-Than-Expected EarningsJanuary 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 27, 2023 | americanbankingnews.comApplied Industrial Technologies (NYSE:AIT) Price Target Raised to $162.00January 27, 2023 | americanbankingnews.comRobert W. Baird Raises Applied Industrial Technologies (NYSE:AIT) Price Target to $138.00January 27, 2023 | americanbankingnews.comApplied Industrial Technologies (NYSE:AIT) Rating Increased to Strong-Buy at StockNews.comJanuary 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 26, 2023 | americanbankingnews.comApplied Industrial Technologies (NYSE:AIT) Stock Rating Upgraded by StockNews.comJanuary 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, 2023January 11, 2023 | finance.yahoo.comApplied Industrial Technologies Commemorates 100-Year AnniversaryJanuary 5, 2023 | finance.yahoo.comApplied Industrial Technologies (AIT) Stock Sinks As Market Gains: What You Should KnowSee 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 Ex-Dividend for 11/30 Dividend11/14/2022Dividend Payable11/30/2022Last Earnings1/26/2023Today2/05/2023Ex-Dividend for 2/28 Dividend2/14/2023Dividend Payable2/28/2023Next 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+13.0%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$7.79 Trailing P/E Ratio18.63 Forward P/E Ratio17.40 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 / Sales1.47 Cash Flow$8.18 per share Price / Cash Flow17.75 Book Value$33.57 per share Price / Book4.32Miscellaneous Outstanding Shares38,600,000Free Float37,751,000Market Cap$5.60 billion OptionableOptionable Beta1.20 Key ExecutivesNeil A. SchrimsherPresident, Chief Executive Officer & DirectorDavid K. WellsChief Financial Officer, Treasurer & VPLonny D. LawrenceVice President-Information TechnologyFred D. BauerSecretary, Vice President & General CounselKurt W. LoringChief Human Resources Officer & Vice PresidentKey CompetitorsMSA SafetyNYSE:MSAAtkoreNYSE:ATKRSilganNYSE:SLGNSonoco ProductsNYSE:SONTimkenNYSE:TKRView All CompetitorsInsiders & InstitutionsHomestead Advisers CorpSold 15,581 shares on 2/3/2023Ownership: 0.202%Hancock Whitney CorpSold 166 shares on 2/3/2023Ownership: 0.017%Ellevest Inc.Bought 236 shares on 2/3/2023Ownership: 0.002%Grace & White Inc. NYSold 3,000 shares on 2/2/2023Ownership: 0.424%Profund Advisors LLCSold 523 shares on 2/2/2023Ownership: 0.007%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 research analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year 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 twelve months. This suggests a possible upside of 13.0% 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 stock has increased by 15.1% and is now trading at $145.11. View the best growth stocks for 2023 here. Are investors shorting Applied Industrial Technologies? Applied Industrial Technologies saw a increase in short interest in January. As of January 15th, there was short interest totaling 484,300 shares, an increase of 5.4% from the December 31st total of 459,700 shares. Based on an average daily trading volume, of 181,100 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the shares of the company are sold short. 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) posted its quarterly earnings data 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 analyst estimates of $996.44 million. Applied Industrial Technologies had a net margin of 7.32% and a trailing twelve-month return on equity of 25.58%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $1.46 earnings per share. 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. Shareholders 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 yield of 0.96%. 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. Is Applied Industrial Technologies a good dividend stock? Applied Industrial Technologies (NYSE:AIT) pays an annual dividend of $1.36 per share and currently has a dividend yield of 0.94%. 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 17.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIT will have a dividend payout ratio of 15.65% 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 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 many different institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (1.72%), New York State Common Retirement Fund (0.48%), Allspring Global Investments Holdings LLC (0.44%), Grace & White Inc. NY (0.42%), Ziegler Capital Management LLC (0.35%) and Scout Investments Inc. (0.26%). 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 $145.11. How much money does Applied Industrial Technologies make? Applied Industrial Technologies (NYSE:AIT) has a market capitalization of $5.60 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 2/5/2023 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. 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