Applied Industrial Technologies, Inc. (AIT)

Market Cap	6.53B
Revenue (ttm)	4.45B
Net Income (ttm)	363.69M
Shares Out	38.76M
EPS (ttm)	9.26
PE Ratio	17.98
Forward PE	17.34
Dividend	$1.40 (0.85%)
Ex-Dividend Date	Nov 14, 2023

Volume	25,810
Open	168.08
Previous Close	168.38
Day's Range	164.11 - 168.08
52-Week Range	116.94 - 168.60
Beta	1.11
Analysts	Strong Buy
Price Target	180.33 (+9.82%)
Earnings Date	Jan 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 3 analysts, the average rating for AIT stock is "Strong Buy." The 12-month stock price forecast is $180.33, which is an increase of 9.82% from the latest price.

Price Target

$180.33

(9.82% upside)

Analyst Consensus: Strong Buy