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Applied Industrial Technologies
AIT

$184.09
3.35%
 

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

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 3 analysts
0
News positive %
of 8 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

66% more call options, than puts

Call options by funds: $10.8M | Put options by funds: $6.48M

56% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 43

12% more capital invested

Capital invested by funds: $6.27B [Q4 2023] → $7.01B (+$741M) [Q1 2024]

6% more funds holding

Funds holding: 384 [Q4 2023] → 408 (+24) [Q1 2024]

9% less repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 143

1.86% less ownership

Funds ownership: 93.64% [Q4 2023] → 91.79% (-1.86%) [Q1 2024]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 6 (-1) [Q1 2024]

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$195
6%
upside
Avg. target
$213
16%
upside
High target
$235
28%
upside

3 analyst ratings

positive
100%
neutral
0%
negative
0%
Keybanc
Ken Newman
14%upside
$210
Overweight
Maintained
11 Apr 2024
Oppenheimer
Christopher Glynn
28%upside
$235
Outperform
Initiated
2 Apr 2024
Keybanc
Ken Newman
6%upside
$195
Overweight
Maintained
26 Jan 2024

Financial journalist opinion

Based on 8 articles about AIT published over the past 30 days