Applied Industrial upgraded by BofA Securities with a new price target
$AIT
Industrial Specialties
Consumer Discretionary
BofA Securities upgraded Applied Industrial from Neutral to Buy and set a new price target of $315.00 from $285.00 previously
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| 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 |
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
SC 13G/A - APPLIED INDUSTRIAL TECHNOLOGIES INC (0000109563) (Subject)
SC 13G - APPLIED INDUSTRIAL TECHNOLOGIES INC (0000109563) (Subject)
SC 13G - APPLIED INDUSTRIAL TECHNOLOGIES INC (0000109563) (Subject)
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8-K - APPLIED INDUSTRIAL TECHNOLOGIES INC (0000109563) (Filer)
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 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
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
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