Applied Industrial TechnologiesAIT
Market Cap: 8.3B
About: Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.
Employees: 6,350
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
100% more call options, than puts
Call options by funds: $13.5M | Put options by funds: $6.76M
63% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 41
12% more capital invested
Capital invested by funds: $6.27B [Q4 2023] → $7.02B (+$750M) [Q1 2024]
7% more funds holding
Funds holding: 384 [Q4 2023] → 410 (+26) [Q1 2024]
9% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 144
1.73% less ownership
Funds ownership: 93.64% [Q4 2023] → 91.91% (-1.73%) [Q1 2024]
14% less funds holding in top 10
Funds holding in top 10: 7 [Q4 2023] → 6 (-1) [Q1 2024]
Research analyst outlook
2 Wall Street Analysts provided 1 year price forecasts over the past 6 months
2 analyst ratings
Keybanc Ken Newman | 2%downside $210 | Overweight Maintained | 11 Apr 2024 |
Oppenheimer Christopher Glynn | 9%upside $235 | Outperform Initiated | 2 Apr 2024 |
Financial journalist opinion
Based on 5 articles about AIT published over the past 30 days