Applied Industrial Technologies, Inc. (AIT)
| Market Cap | 3.20B |
| Revenue (ttm) | 3.24B |
| Net Income (ttm) | 144.76M |
| Shares Out | 38.86M |
| EPS (ttm) | 3.68 |
| PE Ratio | 23.70 |
| Forward PE | n/a |
| Dividend | $1.30 (1.49%) |
| Ex-Dividend Date | Aug 13, 2021 |
| Volume | 110,354 |
| Open | 85.65 |
| Previous Close | 85.28 |
| Day's Range | 85.58 - 87.39 |
| 52-Week Range | 51.54 - 106.33 |
| Beta | 1.48 |
| Analysts | Strong Buy |
| Price Target | 110.25 (+26.4%) |
| Est. Earnings Date | Oct 27, 2021 |
About AIT
Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. 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, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and ...
Financial Performance
In 2021, AIT's revenue was $3.24 billion, a decrease of -0.30% compared to the previous year's $3.25 billion. Earnings were $144.76 million, an increase of 502.10%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for AIT stock is "Strong Buy." The 12-month stock price forecast is 110.25, which is an increase of 26.42% from the latest price.
News
Applied Industrial Technologies Receives 2021 NorthCoast 99 Platinum Award
CLEVELAND--(BUSINESS WIRE)-- #NC99--Applied Industrial Technologies (NYSE: AIT) has received the NorthCoast 99 Platinum Award for 2021. The prestigious Platinum Award is given to those companies that ha...
Applied Industrial Technologies (AIT) Down 1.6% Since Last Earnings Report: Can It Rebound?
Applied Industrial Technologies (AIT) reported earnings 30 days ago. What's next for the stock?
5 Must-Buy Stocks as Industrial Production Continues to Expand
People are spending more on goods than services during the pandemic, driving industrial output, and helping stocks like Deere & Company (DE), Altra Industrial Motion (AIMC) and Dover Corporation (DOV).
5 Stocks to Buy as Manufacturing Activity Continues to Expand
People have been spending more on goods than services during the pandemic, boosting manufacturing activity and stocks like Applied Industrial Technologies (AIT), Deere & Company (DE) and Dover Corporati...
Why Applied Industrial (AIT) Stock Might be a Great Pick
Applied Industrial (AIT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Here's Why it is Worth Investing in Applied Industrial (AIT) Now
Applied Industrial (AIT) stands to benefit from solid demand for its products and solutions, acquired assets and shareholder-friendly policies.
Applied Industrial (AIT) Buys R.R. Floody, Expands Presence
Applied Industrial's (AIT) R.R. Floody buyout enhances its product offerings in the automation technology space, and market position across the Midwest market in the United States.
Applied Industrial Technologies Acquires R.R. Floody Company For Undisclosed Sum
Applied Industrial Technologies Inc (NYSE: AIT) has acquired R.R. Floody Company, Inc (Floody) for undisclosed financial terms.
Applied Industrial Technologies Acquires R.R. Floody Company
CLEVELAND--(BUSINESS WIRE)-- #automation--Applied Industrial Technologies (NYSE: AIT) today announced it has acquired R.R. Floody Company, Inc. (“Floody”), a provider of automation products, services, a...
5 Stocks to Buy as Industrial Production Continues to Expand
People are spending more on goods than services during the pandemic, driving industrial output and helping stocks like Kadant (KAI), Altra Industrial Motion (AIMC) and Dover Corporation (DOV).
Applied Industrial (AIT) Q4 Earnings Beat, Sales View Solid
Applied Industrial's (AIT) Q4 earnings expand y/y on the back of strengthening businesses in segments and growth in margins. It predicts y/y growth in total revenues and organic sales for fiscal 2022.
Applied Industrial Technologies (AIT) Beats Q4 Earnings and Revenue Estimates
Applied Industrial Technologies (AIT) delivered earnings and revenue surprises of 27.97% and 6.63%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the st...
Recap: Applied Industrial Q4 Earnings
Shares of Applied Industrial (NYSE:AIT) moved higher by 1.7% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 88.75% over the past year to $1.5...
Applied Industrial Technologies Reports Fiscal 2021 Fourth Quarter and Full-Year Results
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation te...
Applied Industrial Technologies (AIT) Earnings Expected to Grow: Should You Buy?
Applied Industrial Technologies (AIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
5 Stocks Set to Gain as Factory Orders Continue to Rise
Manufacturing activity has been on the rise ever since the economy reopened which is helping stocks like DOV, AIMC, AZZ, SCHN and AIT
Durable Goods Orders Increase in June: 4 Stocks to Buy
Orders for long-lasting durable goods has increased in 13 of the past 14 months thus helping stocks like Applied Industrial Technologies (AIT) and Deere & Company (DE).
Applied Industrial Technologies Announces Date Change for Fiscal Fourth Quarter and Full-Year Earnings Release
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced that it has changed the date of its previously announced earnings release and conference call due to a scheduling ...
Applied Industrial Technologies to Report Fiscal Fourth Quarter and Full-Year Results on August 11, 2021
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2021 fourth quarter and full-year financial results on Wednesday, August 11, 2021, befo...
Applied Industrial Technologies Unveils New 2021-2022 Industrial Products Catalog Featuring More Than 30,000 Products
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE:AIT) has announced the release of its annual Product Catalog for 2021/2022. More than 30,000 specially selected industrial products are ...
Applied Industrial Technologies' (AIT) Shares March Higher, Can It Continue?
As of late, it has definitely been a great time to be an investor in Applied Industrial Technologies, Inc. (AIT).
U.S. Durable Goods Orders Jump in May: 4 Stocks to Buy
Orders for long-lasting durable goods increased at the fastest pace since January thus helping stocks like Applied Industrial Technologies (AIT) and Deere & Company (DE).
Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting Date
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) Board of Directors has declared a quarterly cash dividend of $0.33 per common share, payable on August 31, 2021, to shareholders o...
New Strong Buy Stocks for June 24th
New Strong Buy Stocks for June 24th
5 Stocks to Buy on Record-High Growth in US Business Activity
With business activity in the United States climbing to a record-high in May, investing in some solid stocks like Caterpillar (CAT), Deere (DE) & TrueBlue (TBI) seems prudent.