Applied Industrial Technologies Stock Forecast, Price & News

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AIT stock has increased by 17.4% and is now trading at $55.85.
View which stocks have been most impacted by COVID-19.

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.

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.

Applied Industrial Technologies (NYSE:AIT) announced its quarterly earnings results on Wednesday, August, 12th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.68 by $0.12. The industrial products company had revenue of $725.08 million for the quarter, compared to analysts' expectations of $751.25 million. Applied Industrial Technologies had a return on equity of 16.69% and a net margin of 0.74%.
View Applied Industrial Technologies' earnings history.

Applied Industrial Technologies declared a quarterly dividend on Monday, June 29th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.32 per share on Monday, August 31st. This represents a $1.28 annualized dividend and a yield of 2.29%. The ex-dividend date is Thursday, August 13th.
View Applied Industrial Technologies' dividend history.

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' stock price to reach $76.80 in the next year. This suggests a possible upside of 37.5% from the stock's current price.
View analysts' price targets for Applied Industrial Technologies.

Applied Industrial Technologies saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 516,100 shares, an increase of 8.6% from the July 30th total of 475,300 shares. Based on an average trading volume of 197,300 shares, the short-interest ratio is presently 2.6 days. Currently, 1.4% of the company's shares are short sold.
View Applied Industrial Technologies' Short Interest.

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 DXP Enterprises (DXPE).
View all competitors.

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).

Applied Industrial Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIT."

Applied Industrial Technologies' stock is owned by many different retail and institutional investors. Top institutional investors 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.

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.

AIT stock was bought 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.

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.

One share of AIT stock can currently be purchased for approximately $55.85.

Applied Industrial Technologies has a market capitalization of $2.16 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.

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

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]