Applied Industrial Technologies, Inc. (AIT)

Market Cap	6.99B
Revenue (ttm)	4.46B
Net Income (ttm)	374.46M
Shares Out	38.67M
EPS (ttm)	9.53
PE Ratio	18.98
Forward PE	18.44
Dividend	$1.48 (0.82%)
Ex-Dividend Date	May 14, 2024

Volume	388,381
Open	178.93
Previous Close	178.94
Day's Range	177.77 - 181.02
52-Week Range	122.24 - 201.76
Beta	1.09
Analysts	Strong Buy
Price Target	201.00 (+11.12%)
Earnings Date	Apr 25, 2024

About AIT

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. 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, tools, safety products, oilfield...

• Industry: Industrial Distribution
• Sector: Industrials
• Founded: 1923
• Employees: 6,200
• Stock Exchange: NYSE
• Ticker Symbol: AIT

Financial Performance

In 2023, AIT's revenue was $4.41 billion, an increase of 15.80% compared to the previous year's $3.81 billion. Earnings were $346.74 million, an increase of 34.70%.

Analyst Forecast

According to 4 analysts, the average rating for AIT stock is "Strong Buy." The 12-month stock price forecast is $201.0, which is an increase of 11.12% from the latest price.

Price Target

$201.0

(11.12% upside)

Analyst Consensus: Strong Buy