Applied Industrial Technologies, Inc. (AIT)

Market Cap	9.25B
Revenue (ttm)	4.48B
Net Income (ttm)	384.00M
Shares Out	38.45M
EPS (ttm)	9.80
PE Ratio	24.55
Forward PE	24.20
Dividend	$1.48 (0.62%)
Ex-Dividend Date	Nov 15, 2024

Volume	524,576
Open	240.93
Previous Close	243.45
Day's Range	239.47 - 244.94
52-Week Range	163.50 - 282.98
Beta	1.05
Analysts	Strong Buy
Price Target	284.38 (+18.21%)
Earnings Date	Jan 23, 2025

About AIT

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, ...

• Industry: Industrial Distribution
• Sector: Industrials
• Founded: 1923
• Employees: 6,500
• Stock Exchange: NYSE
• Ticker Symbol: AIT
• Website: https://www.applied.com

Financial Performance

In 2024, Applied Industrial Technologies's revenue was $4.48 billion, an increase of 1.51% compared to the previous year's $4.41 billion. Earnings were $385.76 million, an increase of 11.25%.

Analyst Forecast

According to 8 analysts, the average rating for AIT stock is "Strong Buy." The 12-month stock price forecast is $284.38, which is an increase of 18.21% from the latest price.

Price Target

$284.38

(18.21% upside)

Analyst Consensus: Strong Buy