Applied Industrial Technologies, Inc. (AIT)
| 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]
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 StatementsAnalyst 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.
News
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Are Industrial Products Stocks Lagging Applied Industrial Technologies (AIT) This Year?
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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.
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.
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).
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.
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.
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...
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.
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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...
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...
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.
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.
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.