Applied Industrial Technologies, Inc. (AIT)

NYSE: AIT · IEX Real-Time Price · USD
101.46 0.59 (0.58%)
Jan 14, 2022 4:00 PM EST - Market closed
Market Cap3.90B
Revenue (ttm)3.38B
Net Income (ttm)162.94M
Shares Out38.46M
EPS (ttm)4.15
PE Ratio24.47
Forward PEn/a
Dividend$1.32 (1.30%)
Ex-Dividend DateNov 12, 2021
Volume83,880
Open99.63
Previous Close100.87
Day's Range98.42 - 101.54
52-Week Range70.08 - 109.87
Beta1.45
AnalystsStrong Buy
Price Target112.00 (+10.4%)
Earnings DateOct 27, 2021

About AIT

Applied Industrial Technologies, Inc. distributes industrial products 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, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and ...

IndustryTrading Companies & Distributors
Founded1923
CEONeil Schrimsher
Employees5,998
Stock ExchangeNYSE
Ticker SymbolAIT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for AIT stock is "Strong Buy." The 12-month stock price forecast is 112.00, which is an increase of 10.39% from the latest price.

Price Target
$112.00
(10.39% upside)
Analyst Consensus: Strong Buy

News

Applied Industrial (AIT) Exhibits Bright Prospects, Risks Persist

Applied Industrial (AIT) is poised to benefit from solid demand for its products, acquired assets and shareholder-friendly policies. Rising costs & expenses and high debt levels remain concerns.

2 days ago - Zacks Investment Research

Applied Industrial Technologies to Report Second Quarter Earnings and Conduct Investor Teleconference on January 27, ...

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2022 second quarter financial results on Thursday, January 27, 2022, before the market ...

1 week ago - Business Wire

The 12 Best Industrial Stocks to Buy for 2022

The pros love several value-oriented sectors for 2022, including industrials. Read on as we highlight 12 top industrial stocks for the year to come.

2 weeks ago - Kiplinger

4 Top Stocks to Ride the Momentum in Manufacturing Activity

With the Industrial Products sector on a roll for 18 straight months, we suggest betting on these four stocks - EMR, BERY, RS and AIT that are poised to gain on this momentum.

Other symbols:BERYEMRRS
1 month ago - Zacks Investment Research

4 Stocks to Buy as Manufacturing Activity Continues to Expand

Manufacturing activity is getting a boost from higher demand and consumption, helping stocks like Welbilt (WBT), A. O. Smith (AOS), Helios Technologies (HLIO) and Applied Industrial Technologies (AIT).

Other symbols:AOSHLIOWBT
1 month ago - Zacks Investment Research

Here's Why it is Worth Investing in Applied Industrial (AIT)

Applied Industrial (AIT) stands to benefit from strength across its end markets, acquired assets and shareholder-friendly policies.

1 month ago - Zacks Investment Research

Applied Industrial Technologies (AIT) Soars to 52-Week High, Time to Cash Out?

Applied Industrial Technologies (AIT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

1 month ago - Zacks Investment Research

Here's Why "Trend" Investors Would Love Betting on Applied Industrial Technologies (AIT)

Applied Industrial Technologies (AIT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

1 month ago - Zacks Investment Research

Industrial Production Rebounds in October: 4 Stocks to Buy

People are spending more on goods than services, driving industrial output and helping stocks like Welbilt (WBT), Helios Technologies (HLIO), Ferguson (FERG) and Applied Industrial Technologies (AIT).

Other symbols:FERGHLIOWBT
1 month ago - Zacks Investment Research

Applied Industrial (AIT) Rises 17% in 3 Months: Here's Why

Applied Industrial (AIT) benefits from healthy demand in industrial end markets, buyout gains, growth investments and impressive shareholder-friendly policies.

2 months ago - Zacks Investment Research

Applied Industrial (AIT) Q1 Earnings & Revenues Beat Estimates

Applied Industrial's (AIT) fiscal Q1 earnings rise year over year on the back of strengthening businesses in segments. Fiscal 2022 total revenues and organic sales are likely to grow year over year.

2 months ago - Zacks Investment Research

Applied Industrial Technologies (AIT) Surpasses Q1 Earnings and Revenue Estimates

Applied Industrial Technologies (AIT) delivered earnings and revenue surprises of 14.29% and 4.56%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for t...

2 months ago - Zacks Investment Research

Applied Industrial Technologies Reports Fiscal 2022 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...

2 months ago - Business Wire

Applied Industrial Technologies (AIT) Earnings Expected to Grow: Should You Buy?

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.

2 months ago - Zacks Investment Research

6 Top Ranked Stocks to Pick With Solid Net Profit Margins

Let's take a look at the six top-ranked stocks with stellar net profit margins for a winning portfolio.

Other symbols:CTRNEVCFNFJBLTITN
2 months ago - Zacks Investment Research

Manufacturing Activity Continues to Expand: 5 Stocks to Buy

People have been spending more on goods than services during the pandemic, giving a boost to manufacturing activity and stocks like Applied Industrial Technologies (AIT), Helios Technologies (HLIO) and ...

Other symbols:DXPEHLIOKAINDSN
3 months ago - Zacks Investment Research

Applied Industrial Technologies to Report First Quarter Earnings and Conduct Investor Teleconference on October 27, 2021

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2022 first quarter financial results on Wednesday, October 27, 2021, before the market ...

3 months ago - Business Wire

Here's Why You Should Consider Investing in Applied Industrial (AIT)

Applied Industrial (AIT) is poised to benefit from solid demand for its products, growth investments, acquired assets, and shareholder-friendly policies.

3 months ago - Zacks Investment Research

Durable Goods Orders Rise in August: 5 Solid Stocks to Buy

Increasing orders for durable goods is aiding the manufacturing sector which is helping stocks like Emerson Electric (EMR), Eaton Corporation, (ETN) and Applied Industrial Technologies (AIT).

Other symbols:DXPEEMRETNHLIO
3 months ago - Zacks Investment Research

Applied Industrial Technologies Receives 2021 NorthCoast 99 Platinum Award

CLEVELAND--(BUSINESS WIRE)-- #NC99--Applied Industrial Technologies (NYSE: AIT) has received the NorthCoast 99 Platinum Award for 2021. The prestigious Platinum Award is given to those companies that ha...

3 months ago - Business Wire

Applied Industrial Technologies (AIT) Down 1.6% Since Last Earnings Report: Can It Rebound?

Applied Industrial Technologies (AIT) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

5 Must-Buy Stocks as Industrial Production Continues to Expand

People are spending more on goods than services during the pandemic, driving industrial output, and helping stocks like Deere & Company (DE), Altra Industrial Motion (AIMC) and Dover Corporation (DOV).

Other symbols:DEDOVDXPE
4 months ago - Zacks Investment Research

5 Stocks to Buy as Manufacturing Activity Continues to Expand

People have been spending more on goods than services during the pandemic, boosting manufacturing activity and stocks like Applied Industrial Technologies (AIT), Deere & Company (DE) and Dover Corporati...

Other symbols:DEDOVHLIOKAI
4 months ago - Zacks Investment Research

Why Applied Industrial (AIT) Stock Might be a Great Pick

Applied Industrial (AIT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

4 months ago - Zacks Investment Research

Here's Why it is Worth Investing in Applied Industrial (AIT) Now

Applied Industrial (AIT) stands to benefit from solid demand for its products and solutions, acquired assets and shareholder-friendly policies.

4 months ago - Zacks Investment Research