Applied Industrial Technologies, Inc. (AIT)

NYSE: AIT · IEX Real-Time Price · USD
127.53
-0.55 (-0.43%)
Dec 9, 2022 4:00 PM EST - Market closed
-0.43%
Market Cap 4.85B
Revenue (ttm) 3.98B
Net Income (ttm) 281.33M
Shares Out 38.53M
EPS (ttm) 7.19
PE Ratio 17.74
Forward PE n/a
Dividend $1.36 (1.07%)
Ex-Dividend Date Nov 14, 2022
Volume 125,641
Open 127.51
Previous Close 128.08
Day's Range 127.23 - 128.32
52-Week Range 88.09 - 133.74
Beta 1.19
Analysts Buy
Price Target 144.50 (+13.3%)
Earnings Date Jan 26, 2023

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 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, automation solutions, tools, safety product... [Read more]

Industry Trading Companies & Distributors
Founded 1923
CEO Neil Schrimsher
Employees 6,067
Stock Exchange NYSE
Ticker Symbol AIT
Full Company Profile

Financial Performance

In 2022, AIT's revenue was $3.81 billion, an increase of 17.76% compared to the previous year's $3.24 billion. Earnings were $257.41 million, an increase of 77.82%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for AIT stock is "Buy." The 12-month stock price forecast is 144.5, which is an increase of 13.31% from the latest price.

Price Target
$144.5
(13.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

5 Stocks Trading Near 52-Week High That Can Scale Higher

Investors target stocks that have been on a bullish run lately. Stocks like PCAR, CBOE, MRC, AIT and RPM that are seeing price strength have a high chance of carrying the momentum forward.

Other symbols: CBOEMRCPCARRPM
2 days ago - Zacks Investment Research

4 Solid Stocks to Buy on Continued Rise in Factory Orders

Continued demand for durable goods is driving orders, which is helping stocks Hubbell Incorporated (HUBB), EnerSys (ENS), Applied Industrial Technologies, Inc. (AIT) and IDEX Corporation (IEX).

Other symbols: ENSHUBBIEX
2 days ago - Zacks Investment Research

Are Industrial Products Stocks Lagging Applied Industrial Technologies (AIT) This Year?

Here is how Applied Industrial Technologies (AIT) and Fuel Tech, Inc. (FTEK) have performed compared to their sector so far this year.

4 days ago - Zacks Investment Research

New Strong Buy Stocks for November 29th

CBRL, UOVEY, BRDCY, AIT and DAVA have been added to the Zacks Rank #1 (Strong Buy) List on November 29, 2022.

Other symbols: CBRLDAVA
1 week ago - Zacks Investment Research

Best Value Stocks to Buy for November 29th

CBRL, AIT and UOVEY made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 29, 2022.

Other symbols: CBRL
1 week ago - Zacks Investment Research

Best Income Stocks to Buy for November 29th

CBRL, UOVEY and AIT made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 29, 2022.

Other symbols: CBRL
1 week ago - Zacks Investment Research

4 Solid Stocks to Buy as Durable Goods Orders Continue to Rise

Continued demand for durable goods is driving orders, helping stocks like Hubbell Incorporated (HUBB), Applied Industrial Technologies (AIT), IDEX Corporation (IEX) and Manitex International (MNTX).

Other symbols: HUBBIEXMNTX
2 weeks ago - Zacks Investment Research

Best Income Stocks to Buy for November 23rd

MITSY, PCAR and AIT made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 23, 2022.

Other symbols: MITSYPCAR
2 weeks ago - Zacks Investment Research

Wall Street Tends to Rise in Thanksgiving Week: 5 Growth Picks

Thanksgiving week should be bullish for the stock market. Hence, invest in growth players like e.l.f.

Other symbols: ADMCALMCECOELF
2 weeks ago - Zacks Investment Research

Best Income Stocks to Buy for November 21st

AMRK and AIT made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 21, 2022.

Other symbols: AMRK
2 weeks ago - Zacks Investment Research

3 Reasons Growth Investors Will Love Applied Industrial Technologies (AIT)

Applied Industrial Technologies (AIT) possesses solid growth attributes, which could help it handily outperform the market.

3 weeks ago - Zacks Investment Research

Is Applied Industrial Technologies (AIT) Stock Outpacing Its Industrial Products Peers This Year?

Here is how Applied Industrial Technologies (AIT) and Enerpac (EPAC) have performed compared to their sector so far this year.

3 weeks ago - Zacks Investment Research

4 Solid Stocks to Buy on Rise in September Factory Orders

Continued demand for goods is driving orders at U.S. factories, helping stocks like Applied Industrial Technologies (AIT), Standex International (SXI), Hubbell (HUBB) and Twin Disc (TWIN).

Other symbols: HUBBSXITWIN
1 month ago - Zacks Investment Research

Applied Industrial (AIT) Gains 2% Since Q1 Earnings Release

Applied Industrial's (AIT) Q1 results benefit from 19.4% growth in organic sales and 0.2% gain from acquisitions. The company improves its outlook for fiscal 2023.

1 month ago - Zacks Investment Research

Here is Why Growth Investors Should Buy Applied Industrial Technologies (AIT) Now

Applied Industrial Technologies (AIT) is well positioned to outperform the market, as it exhibits above-average growth in financials.

1 month ago - Zacks Investment Research

Applied Industrial Technologies Acquires Automation, Inc.

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of Automation, Inc., a provider of automation products, services, and engineered solutions focused...

1 month ago - Business Wire

Is Applied Industrial Technologies (AIT) Outperforming Other Industrial Products Stocks This Year?

Here is how Applied Industrial Technologies (AIT) and Enerpac (EPAC) have performed compared to their sector so far this year.

1 month ago - Zacks Investment Research

5 Great Relative Price Strength Stocks for Your Portfolio

Halliburton (HAL), Flex Ltd. (FLEX), United States Cellular (USM), Applied Industrial Technologies (AIT) and Monarch Casino & Resort (MCRI) are five stocks with explosive relative price strength.

Other symbols: FLEXHALMCRIUSM
1 month ago - Zacks Investment Research

Best Value Stocks to Buy for November 1st

AX, AIT and FFNW made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 1, 2022.

Other symbols: AXFFNW
1 month ago - Zacks Investment Research

7 Safe Stocks to Buy for Your Retirement

Safe stocks for retirement are those that are less inclined to suffer in times of turmoil or represent a sector that is more recession-proof than others. That's not to say that a safe stock will never s...

Other symbols: AMRARLPBSMGLPGPCMNRL
1 month ago - InvestorPlace

Applied Industrial Technologies (AIT) Q1 Earnings and Revenues Surpass Estimates

Applied Industrial Technologies (AIT) delivered earnings and revenue surprises of 20.12% and 7.64%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for t...

1 month ago - Zacks Investment Research

Applied Industrial Technologies Reports Fiscal 2023 First Quarter 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...

1 month ago - Business Wire

What's in Store for Applied Industrial (AIT) in Q1 Earnings?

While strength in technology, metals, refining, chemicals and mining end-markets are likely to have aided Applied Industrial's (AIT) Q1 earnings, raw material cost-inflation might have hurt the same.

1 month ago - Zacks Investment Research

Applied Industrial Technologies (AIT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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.

1 month ago - Zacks Investment Research

Has Applied Industrial Technologies (AIT) Outpaced Other Industrial Products Stocks This Year?

Here is how Applied Industrial Technologies (AIT) and Tenaris S.A. (TS) have performed compared to their sector so far this year.

1 month ago - Zacks Investment Research