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NYSE:AIT

Applied Industrial Technologies - AIT Stock Forecast, Price & News

$147.93
+2.21 (+1.52%)
(As of 02/2/2023 12:48 PM ET)
Add
Compare
Today's Range
$147.23
$149.42
50-Day Range
$117.28
$145.72
52-Week Range
$88.09
$149.42
Volume
105,561 shs
Average Volume
215,626 shs
Market Capitalization
$5.71 billion
P/E Ratio
18.99
Dividend Yield
0.95%
Price Target
$164.00

Applied Industrial Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.3% Upside
$164.00 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.06
Upright™ Environmental Score
News Sentiment
0.60mentions of Applied Industrial Technologies in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.47%
From $8.49 to $8.70 Per Share

Overall MarketRank

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

2.14 out of 5 stars

Industrial Products Sector

58th out of 178 stocks

Machinery, Equipment, & Supplies Industry

4th 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

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This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
Applied Industrial Technologies: Still A Buy
See More Headlines
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AIT Company Calendar

Ex-Dividend for 11/30 Dividend
11/14/2022
Dividend Payable
11/30/2022
Last Earnings
1/26/2023
Today
2/02/2023
Ex-Dividend for 2/28 Dividend
2/14/2023
Dividend Payable
2/28/2023
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
+10.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
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
$8.44 per share
Book Value
$33.57 per share

Miscellaneous

Free Float
37,751,000
Market Cap
$5.71 billion
Optionable
Optionable
Beta
1.20

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
  • Fred D. BauerFred D. Bauer
    Secretary, Vice President & General Counsel
  • Kurt W. Loring
    Chief Human Resources Officer & Vice President













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 brokerages have issued 12-month price objectives for Applied Industrial Technologies' stock. Their AIT share price forecasts range from $160.00 to $170.00. On average, they predict the company's stock price to reach $164.00 in the next twelve months. This suggests a possible upside of 10.5% 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 on January 1st, 2023. Since then, AIT stock has increased by 17.8% and is now trading at $148.47.
View the best growth stocks for 2023 here
.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a increase in short interest during the month of 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 currently 2.7 days. Approximately 1.3% of the company's shares 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) released its earnings results on Thursday, January, 26th. The industrial products company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.34. The industrial products company had revenue of $1.06 billion for the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS.

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. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.35 per share on Tuesday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, February 14th. This is an increase 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 0.95%. 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 15.63% 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 EPS 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 variety of retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (1.72%), New York State Common Retirement Fund (0.48%), Allspring Global Investments Holdings LLC (0.44%), Ziegler Capital Management LLC (0.35%), Scout Investments Inc. (0.26%) and Handelsinvest Investeringsforvaltning (0.24%). 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 $148.47.

How much money does Applied Industrial Technologies make?

Applied Industrial Technologies (NYSE:AIT) has a market capitalization of $5.73 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 2/2/2023 by MarketBeat.com Staff