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NYSE:AIT

Applied Industrial Technologies Stock Forecast, Price & News

$98.53
+0.22 (+0.22%)
(As of 12/3/2021 11:12 AM ET)
Add
Compare
Today's Range
$98.44
$99.88
50-Day Range
$82.73
$106.41
52-Week Range
$70.08
$109.87
Volume
1,041 shs
Average Volume
150,175 shs
Market Capitalization
$3.79 billion
P/E Ratio
23.74
Dividend Yield
1.41%
Beta
1.47
30 days | 90 days | 365 days | Advanced Chart
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Applied Industrial Technologies logo

About Applied Industrial Technologies

Applied Industrial Technologies, Inc. engages in the manufacture and distribution of industrial parts and products. It operates through the following segments: Service Center Based Distribution, and Fluid Power & Flow Control Business. 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 specialize 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.

Headlines

Industrial Production Rebounds in October: 4 Stocks to Buy
November 18, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Machinery, equipment, & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
03820C10
Employees
5,900
Year Founded
N/A

Sales & Book Value

Annual Sales
$3.24 billion
Cash Flow
$7.41 per share
Book Value
$24.00 per share

Profitability

Net Income
$144.76 million
Pretax Margin
5.91%

Debt

Price-To-Earnings

Miscellaneous

Free Float
37,534,000
Market Cap
$3.79 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/26/2021
Ex-Dividend
11/12/2021
Dividend Payable
11/30/2021
Today
12/03/2021
Next Earnings (Estimated)
1/27/2022
Fiscal Year End
6/30/2022

MarketRank

Overall MarketRank

2.98 out of 5 stars

Industrial Products Sector

23rd out of 246 stocks

Machinery, Equipment, & Supplies Industry

1st out of 5 stocks

Analyst Opinion: 2.5Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Applied Industrial Technologies (NYSE:AIT) Frequently Asked Questions

Is Applied Industrial Technologies a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Applied Industrial Technologies stock.
View analyst ratings for Applied Industrial Technologies
or view top-rated stocks.

How has Applied Industrial Technologies' stock been impacted by Coronavirus (COVID-19)?

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AIT shares have increased by 107.0% and is now trading at $98.53.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 503,100 shares, an increase of 19.8% from the October 31st total of 420,000 shares. Based on an average daily volume of 133,100 shares, the short-interest ratio is currently 3.8 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?

Applied Industrial Technologies is scheduled to release its next quarterly earnings announcement on Thursday, January 27th 2022.
View our earnings forecast for Applied Industrial Technologies
.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies, Inc. (NYSE:AIT) announced its earnings results on Tuesday, October, 26th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.26 by $0.17. The industrial products company had revenue of $891.70 million for the quarter, compared to the consensus estimate of $877.01 million. Applied Industrial Technologies had a trailing twelve-month return on equity of 21.98% and a net margin of 4.82%. The company's quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share.
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 declared a quarterly dividend on Wednesday, October 27th. Stockholders of record on Monday, November 15th will be paid a dividend of $0.33 per share on Tuesday, November 30th. This represents a $1.32 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 12th.
View Applied Industrial Technologies' dividend history
.

Is Applied Industrial Technologies a good dividend stock?

Applied Industrial Technologies pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.41%. Applied Industrial Technologies has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Applied Industrial Technologies is 31.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Applied Industrial Technologies will have a dividend payout ratio of 22.22% next year. This indicates that Applied Industrial Technologies will be able to sustain or increase its dividend.
View Applied Industrial Technologies' dividend history.

What guidance has Applied Industrial Technologies issued on next quarter's earnings?

Applied Industrial Technologies issued an update on its FY 2022 earnings guidance on Wednesday, November, 3rd. The company provided EPS guidance of $5.000-$5.400 for the period, compared to the Thomson Reuters consensus estimate of $5.360. The company issued revenue guidance of $3.50 billion-$3.56 billion, compared to the consensus revenue estimate of $3.54 billion.

What price target have analysts set for AIT?

4 equities research analysts have issued 12-month price targets for Applied Industrial Technologies' stock. Their forecasts range from $105.00 to $111.00. On average, they anticipate Applied Industrial Technologies' stock price to reach $109.00 in the next year. This suggests a possible upside of 10.6% from the stock's current price.
View analysts' price targets for Applied Industrial Technologies
or view top-rated stocks among Wall Street analysts.

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the following people:
  • Neil A. Schrimsher, President, Chief Executive Officer & Director
  • David K. Wells, Chief Financial Officer, Treasurer & VP
  • Lonny D. Lawrence, Vice President-Information Technology
  • Fred D. Bauer, Secretary, Vice President & General Counsel (LinkedIn Profile)
  • Kurt W. Loring, Chief Human Resources Officer & Vice President

What is Neil A. Schrimsher's approval rating as Applied Industrial Technologies' CEO?

86 employees have rated Applied Industrial Technologies CEO Neil A. Schrimsher on Glassdoor.com. Neil A. Schrimsher has an approval rating of 58% among Applied Industrial Technologies' 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 BlackRock Inc. (16.69%), Fuller & Thaler Asset Management Inc. (3.97%), Victory Capital Management Inc. (3.88%), Wellington Management Group LLP (3.54%), Dimensional Fund Advisors LP (2.75%) and Macquarie Group Ltd. (2.12%). Company insiders that own Applied Industrial Technologies stock include Christopher Macey, Fred D Bauer, Fred D Bauer, Neil A Schrimsher, Peter A Dorsman, Peter C Wallace and Vincent K Petrella.
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 Cramer Rosenthal Mcglynn LLC, BlackRock Inc., The Manufacturers Life Insurance Company , Morgan Stanley, Goldman Sachs Group Inc., Arrowstreet Capital Limited Partnership, Fuller & Thaler Asset Management Inc., and AlphaCrest Capital Management LLC. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Christopher Macey, Fred D Bauer, and Neil A Schrimsher.
View insider buying and selling activity for Applied Industrial Technologies
or view top insider-selling stocks.

Which institutional investors are buying Applied Industrial Technologies stock?

AIT stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Millennium Management LLC, Victory Capital Management Inc., Alliancebernstein L.P., Ziegler Capital Management LLC, Synergy Asset Management LLC, New York State Common Retirement Fund, and Moors & Cabot Inc..
View insider buying and selling activity for Applied Industrial Technologies
or or view top insider-buying stocks.

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 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 $98.53.

How much money does Applied Industrial Technologies make?

Applied Industrial Technologies has a market capitalization of $3.79 billion and generates $3.24 billion in revenue each year. The industrial products company earns $144.76 million in net income (profit) each year or $4.15 on an earnings per share basis.

How many employees does Applied Industrial Technologies have?

Applied Industrial Technologies employs 5,900 workers across the globe.

What is Applied Industrial Technologies' official website?

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

Where are Applied Industrial Technologies' headquarters?

Applied Industrial Technologies is headquartered at ONE APPLIED PLAZA, CLEVELAND OH, 44115.

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, via email at [email protected], or via fax at 216-426-4845.


This page was last updated on 12/3/2021 by MarketBeat.com Staff

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