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Applied Industrial Technologies, Inc. (AIT)

Stock Price: $63.29 USD -0.86 (-1.34%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 2.45B
Revenue (ttm) 3.25B
Net Income (ttm) 24.04M
Shares Out 38.71M
EPS (ttm) 0.62
PE Ratio 102.08
Forward PE n/a
Dividend $1.28
Dividend Yield 2.02%

Stock Quote

Trading Day Aug 14, 2020
Last Price $63.29
Previous Close $64.15
Change ($) -0.86
Change (%) -1.34%
Day's Open 63.98
Day's Range 62.73 - 63.98
Day's Volume 167,680
52-Week Range 30.66 - 70.62

More Stats

Market Cap 2.45B
Enterprise Value 3.12B
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date Aug 13, 2020
Shares Outstanding 38.71M
Float 38.22M
EPS (basic) 0.62
EPS (diluted) 0.62
FCF / Share 7.20
Dividend $1.28
Dividend Yield 2.02%
Earnings Yield 0.98%
FCF Yield 11.37%
Payout Ratio n/a
Shares Short 516,084
Short Ratio 2.98
Short % of Float 1.85%
Beta 1.36
PE Ratio 102.08
Forward PE n/a
P/FCF Ratio 8.79
PS Ratio 0.75
PB Ratio 3.04
Revenue 3.25B
Operating Income 88.99M
Net Income 24.04M
Free Cash Flow 278.55M
Net Cash -665.24M
Net Cash / Share -17.19
Gross Margin 28.89%
Operating Margin 2.74%
Profit Margin 0.70%
FCF Margin 8.58%
ROA 6.20%
ROE 2.76%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (5)

Buy 3
Overweight 1
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$74.80*
(18.19% upside)
Low
74.0
Current: $63.29
High
75.0
Target: 74.80
*Average 12-month price target from 5 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue3,4733,0732,5942,5192,7522,4602,4622,3752,2131,893
Revenue Growth13%18.49%2.95%-8.44%11.86%-0.09%3.65%7.35%16.88%-
Gross Profit1,008884738707770687683654613516
Operating Income23422617589.78185164176168151110
Net Income14414213429.5811511311810996.7665.90
Shares Outstanding38.5938.7039.0339.0340.1641.7742.1442.2042.3742.34
Earnings Per Share3.683.613.400.752.802.672.782.542.241.54
EPS Growth1.94%6.18%353.33%-73.21%4.87%-3.96%9.45%13.39%45.45%-
Dividend Per Share1.221.181.141.101.040.960.880.800.700.60
Dividend Growth3.39%3.51%3.64%5.77%8.33%9.09%10%14.29%16.67%-
Operating Cash Flow18114716516215711011190.4276.84184
Capital Expenditures-17.97-22.25-14.12-12.53-13.00-19.31-11.24-24.76-19.11-6.68
Free Cash Flow16312515014914490.8010065.6657.74178
Cash & Equivalents10854.1510559.8669.4771.1973.1678.4491.09176
Total Debt958964292328321171---75.00
Net Cash / Debt-850-910-187-268-252-99.5273.1678.4491.09101
Assets2,3322,2861,3881,3121,4331,3341,059962915892
Liabilities1,4351,471642654691534299290281336
Book Value897815745658741800760672634555
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Applied Industrial Technologies, Inc.
Country United States
Employees 6,471
CEO Neil A. Schrimsher

Stock Information

Ticker Symbol AIT
Stock Exchange New York Stock Exchange
Sector Industrials
Industry Industrial Distribution
Unique Identifier NYSE: AIT

Description

Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in 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, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and designs and assembles hydraulic and electro-hydraulic power units and control systems, electronic control systems, pneumatic and electro-pneumatic panels and sub-assemblies, fabricated aluminum assemblies, lubrication systems, hydraulic manifolds, and pump assemblies, as well as provides equipment repair services. It also operates fabricated rubber shops that modify and repair conveyor belts, as well as offer hose assemblies; and rubber service field crews to install and repair conveyor belts and rubber lining at customer locations. In addition, the company rebuilds or assembles speed reducers, pumps, valves, cylinders, and electric and hydraulic motors, as well as custom machining products; and offers technical support services. It offers industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, mining, oil and gas, primary metals, transportation, and utilities, as well as to government entities. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.