AIT icon

Applied Industrial Technologies

244.80 USD
+0.00
0.00%
At close Jan 10, 4:00 PM EST
After hours
244.80
+0.00
0.00%
1 day
0.00%
5 days
-0.55%
1 month
-9.50%
3 months
11.25%
6 months
31.69%
Year to date
2.59%
1 year
46.68%
5 years
276.62%
10 years
490.59%
 

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. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.

Employees: 6,549

0
Funds holding %
of 6,814 funds
0
Analysts bullish %
of 8 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

45% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 47

12% more capital invested

Capital invested by funds: $7.29B [Q2] → $8.17B (+$882M) [Q3]

5% more funds holding

Funds holding: 424 [Q2] → 444 (+20) [Q3]

1.73% less ownership

Funds ownership: 97.23% [Q2] → 95.5% (-1.73%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 144 | Existing positions reduced: 170

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]

22% less call options, than puts

Call options by funds: $17.9M | Put options by funds: $22.8M

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$250
2%
upside
Avg. target
$284
16%
upside
High target
$325
33%
upside

8 analyst ratings

positive
100%
neutral
0%
negative
0%
Keybanc
Ken Newman
47% 1-year accuracy
8 / 17 met price target
33%upside
$325
Overweight
Maintained
3 Dec 2024
B of A Securities
Sabrina Abrams
33% 1-year accuracy
1 / 3 met price target
29%upside
$315
Buy
Upgraded
26 Nov 2024
Oppenheimer
Christopher Glynn
56% 1-year accuracy
15 / 27 met price target
25%upside
$305
Outperform
Maintained
14 Nov 2024
Loop Capital
Chris Dankert
62% 1-year accuracy
8 / 13 met price target
10%upside
$270
Buy
Maintained
28 Oct 2024
Raymond James
Sam Darkatsh
80% 1-year accuracy
4 / 5 met price target
2%upside
$250
Outperform
Maintained
25 Oct 2024

Financial journalist opinion

Based on 9 articles about AIT published over the past 30 days

Neutral
Business Wire
3 days ago
Applied Industrial Technologies to Report Fiscal Second Quarter Earnings and Conduct Conference Call on January 29, 2025
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2025 second quarter results on Wednesday, January 29, 2025, before the market opens. The Company's fiscal 2025 second quarter ended December 31, 2024. The Company will host a conference call at 10 a.m. ET that day to discuss the quarter's results and outlook. A live audio webcast and supplemental presentation can be accessed on our Investor Relations site at https://ir.applied.com.
Applied Industrial Technologies to Report Fiscal Second Quarter Earnings and Conduct Conference Call on January 29, 2025
Positive
Zacks Investment Research
5 days ago
4 Industrial Manufacturing Stocks to Buy Despite Industry Headwinds
Persistent weakness in the manufacturing sector weighs on the Zacks Manufacturing - General Industrial industry's near-term prospects. DOV, AIT, GNRC and DXPE are a few stocks investors may consider buying.
4 Industrial Manufacturing Stocks to Buy Despite Industry Headwinds
Positive
Seeking Alpha
6 days ago
Applied Industrial Technologies: A Disciplined Growth Story
Applied Industrial Technologies leverages M&A for growth, focusing on high-margin segments like flow control and engineered solutions to drive long-term profitability. AIT benefits from reshoring trends and increasing investment into production automation, with 88% of revenue generated in the U.S., positioning it well for future growth. Strong financial performance in FY2023, with 15.8% YoY revenue growth and a 34.3% increase in EPS, highlights effective strategic acquisitions and robust demand.
Applied Industrial Technologies: A Disciplined Growth Story
Positive
Zacks Investment Research
1 week ago
AIT Boosts Product Portfolio With the Acquisition of Hydradyne
Applied Industrial's acquisition of Hydradyne is set to expand its footprint in the strategic Southeast U.S. region.
AIT Boosts Product Portfolio With the Acquisition of Hydradyne
Neutral
Business Wire
1 week ago
Applied Industrial Technologies Completes Acquisition of Hydradyne, LLC
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it completed the acquisition of Hydradyne, LLC on December 31, 2024. Based in Dallas, Texas with locations across the Southeastern U.S., Hydradyne is a premier provider of fluid power solutions with advanced service capabilities and product offerings in hydraulics, pneumatics, electromechanical, instrumentation, filtration, and fluid conveyance. Neil A. Schrimsher, President & Chief Executive Officer for.
Applied Industrial Technologies Completes Acquisition of Hydradyne, LLC
Positive
Zacks Investment Research
3 weeks ago
Is Applied Industrial Technologies (AIT) Outperforming Other Industrial Products Stocks This Year?
Here is how Applied Industrial Technologies (AIT) and Mueller Water Products (MWA) have performed compared to their sector so far this year.
Is Applied Industrial Technologies (AIT) Outperforming Other Industrial Products Stocks This Year?
Neutral
Zacks Investment Research
3 weeks ago
Forget Middleby, Buy These 4 Rising Industrial Stocks for 2025
Middleby faces weakness in the Residential Kitchen Equipment Group and Commercial Foodservice Equipment Group segments. We present four industrial stocks that should offer good returns.
Forget Middleby, Buy These 4 Rising Industrial Stocks for 2025
Positive
Zacks Investment Research
3 weeks ago
4 Industrial Stocks Poised to Continue Their Winning Streak in 2025
Despite weakness in the manufacturing sector, recovery in the demand environment, with an improvement in the supply chain, augurs well for the industrial sector heading into 2025. ZBRA, RBC, AIT and POWL are likely to continue their momentum.
4 Industrial Stocks Poised to Continue Their Winning Streak in 2025
Positive
Zacks Investment Research
3 weeks ago
5 Stocks With Upgraded Broker Ratings to Buy for Solid Returns in 2025
Brokers have deeper insights into stocks and the macroeconomic backdrop. One must follow broker rating upgrades to pick stocks like GAP, CAH, AIT, JLL and UAL.
5 Stocks With Upgraded Broker Ratings to Buy for Solid Returns in 2025
Negative
Zacks Investment Research
1 month ago
Applied Industrial Stock Exhibits Strong Prospects Despite Headwinds
AIT is set to benefit from strong momentum in the Service Center Based Distribution segment. However, weakness in the Engineered Solutions segment remains concerning.
Applied Industrial Stock Exhibits Strong Prospects Despite Headwinds
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