Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in 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, machinery and robotics automation products, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and offers motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, as well as other related supplies for general operational needs of customers' machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company offers equipment repair and technical support services. It offers industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, mining, oil and gas, primary metals, transportation, and utilities, as well as to government entities. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.
IPO Year:
Exchange: NYSE
Website: applied.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/26/2024 | $285.00 → $315.00 | Neutral → Buy | BofA Securities |
| 10/22/2024 | $285.00 | Outperform | Mizuho |
| 10/7/2024 | $232.00 | Neutral | BofA Securities |
| 9/4/2024 | $225.00 | Outperform | Raymond James |
| 7/1/2024 | Neutral | Northcoast | |
| 4/3/2024 | $235.00 | Outperform | Oppenheimer |
| 3/17/2023 | $160.00 | Neutral → Outperform | Robert W. Baird |
| 8/12/2022 | $115.00 → $129.00 | Outperform → Neutral | Robert W. Baird |
| 8/18/2021 | $104.00 → $111.00 | Outperform | Baird |
| 8/3/2021 | $110.00 | Buy | Loop Capital |
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BofA Securities upgraded Applied Industrial from Neutral to Buy and set a new price target of $315.00 from $285.00 previously
Mizuho initiated coverage of Applied Industrial with a rating of Outperform and set a new price target of $285.00
BofA Securities initiated coverage of Applied Industrial with a rating of Neutral and set a new price target of $232.00
Raymond James initiated coverage of Applied Industrial with a rating of Outperform and set a new price target of $225.00
Northcoast initiated coverage of Applied Industrial with a rating of Neutral
Oppenheimer initiated coverage of Applied Industrial with a rating of Outperform and set a new price target of $235.00
Robert W. Baird upgraded Applied Industrial from Neutral to Outperform and set a new price target of $160.00
Robert W. Baird downgraded Applied Industrial from Outperform to Neutral and set a new price target of $129.00 from $115.00 previously
Baird reiterated coverage of Applied Industrial with a rating of Outperform and set a new price target of $111.00 from $104.00 previously
Loop Capital initiated coverage of Applied Industrial with a rating of Buy and set a new price target of $110.00
Applied Industrial Technologies (NYSE:AIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.46 per common share. The dividend is payable on August 29, 2025, to shareholders of record on August 15, 2025. About Applied® Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO (maintenance, repair, and operations) and OEM (original equipment manufacturing), and new system install applications in virtually all industrial markets
Net Sales of $1.2 Billion Up 1.8% YoY; Down 3.1% on an Organic Daily Basis Net Income of $99.8 Million, or $2.57 Per Share Up 3.7% YoY EBITDA of $144.9 Million Up 6.8% YoY Operating Cash Flow of $122.5 Million; Free Cash Flow of $114.9 Million Up 50% YoY Updating Fiscal 2025 Guidance Announcing Agreement to Acquire IRIS Factory Automation Announcing New 1.5 Million Share Repurchase Authorization Applied Industrial Technologies (NYSE:AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2025 third quarter ended Mar
Applied Industrial Technologies (NYSE:AIT) today announced it will release its fiscal 2025 third quarter results on Thursday, May 1, 2025, before the market opens. The Company's fiscal 2025 third quarter ended March 31, 2025. 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. To join by telephone, dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 7270709. Replays of the call will be available via webcast, as well as by telephone for one week by dialing 800-770-2030 (toll free) using conference
Net Sales of $1.1 Billion Down 0.4% YoY; Down 3.4% on an Organic Daily Basis Net Income of $93.3 Million, or $2.39 Per Share Up 6.7% vs. Prior-Year Adjusted EPS EBITDA of $135.1 Million Up 3.3% YoY Operating Cash Flow of $95.1 Million; Free Cash Flow of $89.9 Million Quarterly Dividend Increased 24% to $0.46 Per Share Raising FY25 Guidance to Reflect F2Q25 Performance and the Recent Hydradyne Acquisition Applied Industrial Technologies (NYSE:AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2025 second qua
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. To join by telephone, dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 2139950. Replays of the call will be available via webcast, as well as by telephone for one week by dialing 800-770-2030 (toll free) usi
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, commented, "We are excited to announce the completion of this acquisition and officially welcome Hydradyne to the Applied team. This transaction will enhance our leading fluid power distribution position in the U.S. by le
Strategic Fluid Power Acquisition Within Applied's Engineered Solutions Segment Applied Industrial Technologies (NYSE:AIT) announced today it has signed a definitive agreement to acquire Hydradyne, LLC (Hydradyne), a premier provider of fluid power solutions and value-added services. Based in Dallas, Texas, Hydradyne is one of the largest U.S. distributors focused on fluid power and motion control systems with advanced service capabilities and product offerings in hydraulics, pneumatics, electromechanical, instrumentation, filtration, and fluid conveyance. The company's team of nearly 500 associates operate out of 33 locations across the Southeastern U.S. with specialization in fluid po
Net Sales of $1.1 Billion Up 0.3% YoY; Down 3.0% on an Organic Daily Basis Net Income of $92.1 Million, or $2.36 Per Share Down 1.0% YoY EBITDA of $129.0 Million Down 3.3% YoY Operating Cash Flow of $127.7 Million; Free Cash Flow of $122.2 Million Increasing FY25 EPS Guidance to $9.25 to $10.00 Reiterate FY25 Sales and EBITDA Margin Guidance Applied Industrial Technologies (NYSE:AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2025 first quarter ended September 30, 2024. Net sales for the quarter of $1.1 billi
Applied Industrial Technologies (NYSE:AIT) today announced it will release its fiscal 2025 first quarter results on Thursday, October 24, 2024, before the market opens. The Company's fiscal 2025 first quarter ended September 30, 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. To join by telephone, dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 3459273. Replays of the call will be available via webcast, as well as by telephone for one week by dialing 800-770-2030 (toll free) using c
Applied Industrial Technologies (NYSE:AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today announced the release of its 2024 Environmental, Social, and Governance (ESG) Report. The Report highlights the Company's progress and continued commitment to sustainability and socially responsible business practices in fiscal year 2024. Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented, "I am pleased to share Applied's 2024 ESG Report and the ongoing effort our team is making to create a more sustainable and effective industrial economy.
Applied Industrial Technologies (NYSE:AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today announced that Richard J. Simoncic has been elected to its Board of Directors. "We are very pleased to welcome Rich to the Applied Board," said Peter C. Wallace, the Company's Chairman. "His experience in global operations, distribution, supply chain management, and manufacturing adds significant knowledge and experience to the Board." Neil A. Schrimsher, President & Chief Executive Officer, added, "We look forward to leveraging Rich's perspectives and expertise as
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Applied Industrial Technologies (NYSE:AIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.46 per common share. The dividend is payable on August 29, 2025, to shareholders of record on August 15, 2025. About Applied® Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO (maintenance, repair, and operations) and OEM (original equipment manufacturing), and new system install applications in virtually all industrial markets
Net Sales of $1.2 Billion Up 1.8% YoY; Down 3.1% on an Organic Daily Basis Net Income of $99.8 Million, or $2.57 Per Share Up 3.7% YoY EBITDA of $144.9 Million Up 6.8% YoY Operating Cash Flow of $122.5 Million; Free Cash Flow of $114.9 Million Up 50% YoY Updating Fiscal 2025 Guidance Announcing Agreement to Acquire IRIS Factory Automation Announcing New 1.5 Million Share Repurchase Authorization Applied Industrial Technologies (NYSE:AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2025 third quarter ended Mar
Applied Industrial Technologies (NYSE:AIT) today announced it will release its fiscal 2025 third quarter results on Thursday, May 1, 2025, before the market opens. The Company's fiscal 2025 third quarter ended March 31, 2025. 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. To join by telephone, dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 7270709. Replays of the call will be available via webcast, as well as by telephone for one week by dialing 800-770-2030 (toll free) using conference
Net Sales of $1.1 Billion Down 0.4% YoY; Down 3.4% on an Organic Daily Basis Net Income of $93.3 Million, or $2.39 Per Share Up 6.7% vs. Prior-Year Adjusted EPS EBITDA of $135.1 Million Up 3.3% YoY Operating Cash Flow of $95.1 Million; Free Cash Flow of $89.9 Million Quarterly Dividend Increased 24% to $0.46 Per Share Raising FY25 Guidance to Reflect F2Q25 Performance and the Recent Hydradyne Acquisition Applied Industrial Technologies (NYSE:AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2025 second qua
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. To join by telephone, dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 2139950. Replays of the call will be available via webcast, as well as by telephone for one week by dialing 800-770-2030 (toll free) usi
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, commented, "We are excited to announce the completion of this acquisition and officially welcome Hydradyne to the Applied team. This transaction will enhance our leading fluid power distribution position in the U.S. by le
Net Sales of $1.1 Billion Up 0.3% YoY; Down 3.0% on an Organic Daily Basis Net Income of $92.1 Million, or $2.36 Per Share Down 1.0% YoY EBITDA of $129.0 Million Down 3.3% YoY Operating Cash Flow of $127.7 Million; Free Cash Flow of $122.2 Million Increasing FY25 EPS Guidance to $9.25 to $10.00 Reiterate FY25 Sales and EBITDA Margin Guidance Applied Industrial Technologies (NYSE:AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2025 first quarter ended September 30, 2024. Net sales for the quarter of $1.1 billi
Applied Industrial Technologies (NYSE:AIT) today announced it will release its fiscal 2025 first quarter results on Thursday, October 24, 2024, before the market opens. The Company's fiscal 2025 first quarter ended September 30, 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. To join by telephone, dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 3459273. Replays of the call will be available via webcast, as well as by telephone for one week by dialing 800-770-2030 (toll free) using c
Fourth Quarter Net Sales of $1.2 Billion Up 0.2% YoY; Down 2.0% on an Organic Daily Basis Fourth Quarter Net Income of $103.5 Million, or $2.64 Per Share Up 12.6% YoY Fourth Quarter EBITDA of $153.5 Million Up 9.6% YoY Full-Year Net Sales of $4.5 Billion Up 1.5% YoY; Up 0.4% on an Organic Daily Basis Full-Year Net Income of $385.8 Million, or $9.83 Per Share Full-Year Adjusted Net Income of $382.7 Million, or $9.75 Per Share Up 11.4% YoY Full-Year EBITDA of $553.3 Million Up 5.5% YoY Establishes Fiscal 2025 Guidance Including Total Sales -2.5% to +2.5%, EPS of $9.20 to $9.95 Announces Two Bolt-On Acquisitions in Service Center and Fluid Power Operations Applied I
Applied Industrial Technologies (NYSE:AIT) today announced it will release its fiscal 2024 fourth quarter results on Thursday, August 15, 2024, before the market opens. The Company's fiscal 2024 fourth quarter ended June 30, 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. To join by telephone, dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 1462541. Replays of the call will be available via webcast, as well as by telephone for one week by dialing 800-770-2030 (toll free) or 609-80
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