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NYSE:AITApplied Industrial Technologies Stock Price, Forecast & News

$66.09
+0.88 (+1.35 %)
(As of 08/7/2020 11:39 AM ET)
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Compare
Today's Range
$65.39
Now: $66.09▼
$66.15
50-Day Range
$58.27
MA: $62.09▼
$65.98
52-Week Range
$30.66
Now: $66.09▼
$70.62
Volume1,418 shs
Average Volume154,880 shs
Market Capitalization$2.56 billion
P/E Ratio77.75
Dividend Yield1.94%
Beta1.35
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: 2.4Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.91 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
Phone216-426-4000

Debt

Debt-to-Equity Ratio1.04
Current Ratio2.60
Quick Ratio1.66

Price-To-Earnings

Trailing P/E Ratio77.75
Forward P/E Ratio17.91
P/E GrowthN/A

Sales & Book Value

Annual Sales$3.47 billion
Price / Sales0.74
Cash Flow$6.97 per share
Price / Cash Flow9.48
Book Value$23.24 per share
Price / Book2.84

Profitability

EPS (Most Recent Fiscal Year)$4.41
Net Income$143.99 million
Net Margins0.99%
Return on Equity17.40%
Return on Assets6.65%

Miscellaneous

Employees6,650
Outstanding Shares38,710,000
Market Cap$2.56 billion
Next Earnings Date8/12/2020 (Confirmed)
OptionableOptionable
$66.09
+0.88 (+1.35 %)
(As of 08/7/2020 11:39 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 shares have increased by 38.2% and is now trading at $65.75.
View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Applied Industrial Technologies?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last year. There are currently 1 hold rating and 3 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, August 12th 2020.
View our earnings forecast for Applied Industrial Technologies.

How can I listen to Applied Industrial Technologies' earnings call?

Applied Industrial Technologies will be holding an earnings conference call on Wednesday, August 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) posted its quarterly earnings data on Thursday, April, 30th. The industrial products company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.01 by $0.01. The industrial products company earned $830.80 million during the quarter, compared to analyst estimates of $858.94 million. Applied Industrial Technologies had a net margin of 0.99% and a return on equity of 17.40%. The firm's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS.
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. Investors 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 dividend yield of 1.95%. 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?

4 equities research analysts have issued 1 year price targets for Applied Industrial Technologies' shares. Their forecasts range from $70.00 to $81.00. On average, they expect Applied Industrial Technologies' stock price to reach $74.25 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts' price targets for Applied Industrial Technologies.

Has Applied Industrial Technologies been receiving favorable news coverage?

Headlines about AIT stock have been trending positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Applied Industrial Technologies earned a news impact score of 2.1 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about 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), Beacon Roofing Supply (BECN), WESCO International (WCC), Rush Enterprises (RUSHA), Kaman (KAMN), H&E Equipment Services (HEES), Textainer Group (TGH), MRC Global (MRC) and DXP Enterprises (DXPE).
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), Danaher (DHR), Intel (INTC), International Paper (IP), LyondellBasell Industries (LYB), Mastercard (MA), Altria Group (MO), Marathon Petroleum (MPC), Netflix (NFLX) and PepsiCo (PEP).

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 Palisade Capital Management LLC NJ (1.76%), Boston Trust Walden Corp (1.53%), Principal Financial Group Inc. (0.79%), Frontier Capital Management Co. LLC (0.77%), New York State Common Retirement Fund (0.38%) and ProShare Advisors LLC (0.31%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, L Thomas Hiltz, Neil A Schrimsher 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 Tygh Capital Management Inc., Mutual of America Capital Management LLC, Boston Trust Walden Corp, Principal Financial Group Inc., UBS Group AG, SG Americas Securities LLC, First Trust Advisors LP, and Seizert Capital Partners LLC. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Jerry Sue Thornton, 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 purchased by a variety of institutional investors in the last quarter, including ProShare Advisors LLC, Frontier Capital Management Co. LLC, Strs Ohio, Wesbanco Bank Inc., Swiss National Bank, Chartwell Investment Partners LLC, Pacer Advisors Inc., and First Citizens Bank & Trust Co..
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 $65.75.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.55 billion and generates $3.47 billion in revenue each year. The industrial products company earns $143.99 million in net income (profit) each year or $4.41 on an earnings per share basis. Applied Industrial Technologies employs 6,650 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 216-426-4000 or via email at [email protected]

This page was last updated on 8/7/2020 by MarketBeat.com Staff
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