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 |
|---|---|---|---|
| 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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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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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
Applied Industrial Technologies (NYSE:AIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.37 per common share. The dividend will be payable on August 30, 2024, to shareholders of record on August 15, 2024. The Company also announced that its Annual Meeting of Shareholders will be held at 9:00 a.m. EDT, Tuesday, October 22, 2024, at its Corporate Headquarters, 1 Applied Plaza (E. 36th & Euclid Avenue), Cleveland, Ohio. August 26, 2024, is the record date for determining shareholders entitled to notice of and to vote at the Annual Meeting. About Applied® Applied Industrial Technologies is a leading value-added distributor and technical solutions provi
Net Sales of $1.1 Billion Up 1.3% YoY; Up 0.7% on an Organic Daily Basis Net Income of $97.2 Million, or $2.48 Per Share; EBITDA of $135.7 Million Operating Cash Flow of $84.2 Million; Free Cash Flow of $76.7 Million Signed Definitive Agreement to Acquire Grupo Kopar, Expanding Automation Platform Updating Fiscal 2024 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 2024 third quarter ended March 31, 2024. Net sales for the quarter of $1.1 billion increased 1.
Applied Industrial Technologies (NYSE:AIT) today announced it will release its fiscal 2024 third quarter results on Thursday, April 25, 2024, before the market opens. The Company's fiscal 2024 third quarter ended March 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 888-660-6573 (toll free) or 929-203-0881 using conference ID 6868675. 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 647-362-
Net Sales of $1.1 Billion Up 1.6% YoY; Down 0.1% on an Organic Basis Net Income of $91.2 Million, or $2.32 Per Share Adjusted Net Income of $88.2 Million, or $2.24 Per Share Up 9.3% YoY EBITDA of $130.8 Million Up 4.2% YoY Operating Cash Flow of $101.8 Million; Free Cash Flow of $96.2 Million Quarterly Dividend Increased 6% to $0.37 Per Share Updating Fiscal 2024 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 2024 second quarter ended December 31, 2023.
Applied Industrial Technologies (NYSE:AIT) today announced it will release its fiscal 2024 second quarter results on Thursday, January 25, 2024, before the market opens. The Company's fiscal 2024 second quarter ended December 31, 2023. A quarterly conference call will begin at 10 a.m. ET that day to discuss the Company's financial performance and outlook. A supplemental presentation detailing latest quarter results will be available on the Investor Relations portion of the Company's website at www.applied.com. To join the call by telephone, dial 888-660-6573 (toll free) or 929-203-0881 using conference ID 6868675. A live audio webcast can be accessed online through the investor relation
Net Sales of $1.1 Billion Up 3.1% YoY; Up 3.4% on an Organic Daily Basis Net Income of $93.8 Million, or $2.39 Per Share Up 21.3% YoY EBITDA of $133.4 Million Up 12.3% YoY Operating Cash Flow of $66.2 Million; Free Cash Flow of $61.9 Million Raising Fiscal 2024 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 2024 first quarter ended September 30, 2023. Net sales for the quarter of $1.1 billion increased 3.1% over the prior year. The change includes a 1.1% inc
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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
Wells Fargo reiterated coverage of Applied Industrial with a rating of Overweight and set a new price target of $105.00 from $90.00 previously
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.
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), 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
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
Applied Industrial Technologies (NYSE:AIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.37 per common share. The dividend will be payable on August 30, 2024, to shareholders of record on August 15, 2024. The Company also announced that its Annual Meeting of Shareholders will be held at 9:00 a.m. EDT, Tuesday, October 22, 2024, at its Corporate Headquarters, 1 Applied Plaza (E. 36th & Euclid Avenue), Cleveland, Ohio. August 26, 2024, is the record date for determining shareholders entitled to notice of and to vote at the Annual Meeting. About Applied® Applied Industrial Technologies is a leading value-added distributor and technical solutions provi
Applied Industrial Technologies (NYSE:AIT) today announced the closing of its acquisition of Grupo Kopar (Kopar), a provider of emerging automation technologies and engineered solutions. Kopar is based in Monterrey, Mexico. The acquisition closed on May 1st and terms of the transaction were not disclosed. Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented, "We are pleased to officially welcome Kopar to Applied. This acquisition represents a key strategic step in the expansion of our automation platform with the extension of our footprint into Mexico. Kopar is a leader in the markets they serve and has strong alignment with our strategy focused on high-value rob
Net Sales of $1.1 Billion Up 1.3% YoY; Up 0.7% on an Organic Daily Basis Net Income of $97.2 Million, or $2.48 Per Share; EBITDA of $135.7 Million Operating Cash Flow of $84.2 Million; Free Cash Flow of $76.7 Million Signed Definitive Agreement to Acquire Grupo Kopar, Expanding Automation Platform Updating Fiscal 2024 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 2024 third quarter ended March 31, 2024. Net sales for the quarter of $1.1 billion increased 1.
Applied Industrial Technologies (NYSE:AIT) today announced it will release its fiscal 2024 third quarter results on Thursday, April 25, 2024, before the market opens. The Company's fiscal 2024 third quarter ended March 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 888-660-6573 (toll free) or 929-203-0881 using conference ID 6868675. 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 647-362-
Applied Industrial Techs (NYSE:AIT) has outperformed the market over the past 5 years by 15.08% on an annualized basis producing an average annual return of 28.33%. Currently, Applied Industrial Techs has a market capitalization of $8.13 billion. Buying $100 In AIT: If an investor had bought $100 of AIT stock 5 years ago, it would be worth $359.60 today based on a price of $210.71 for AIT at the time of writing. Applied Industrial Techs's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benz
FTAI Aviation Ltd. (NYSE:FTAI) and Applied Industrial Technologies, Inc. (NYSE:AIT) were among small-cap stocks moving higher on Tuesday as the Russell 2000 Index had a fifth straight day of gains. The iShares Russell 2000 ETF (NYSE:IWM) gained 3.41% on Tuesday, ushering the index to a cumulative gain of over 9% across the last five sessions. This remarkable streak represents the Russell 2000's best five-day performance since June 2020. FTAI Aviation, a provider of aircraft operations and engine maintenance, rose 5.63% to close at $107.42 on Tuesday, while Applied Industrial gained 4.63% to $210.59. Also Read: Russell 2000 Rallies To 16-Month Highs: Best Performing Small-Cap Stocks
Applied Industrial Techs (NYSE:AIT) has outperformed the market over the past 10 years by 3.31% on an annualized basis producing an average annual return of 14.14%. Currently, Applied Industrial Techs has a market capitalization of $7.39 billion. Buying $1000 In AIT: If an investor had bought $1000 of AIT stock 10 years ago, it would be worth $3,747.55 today based on a price of $191.35 for AIT at the time of writing. Applied Industrial Techs's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated b
Applied Industrial Techs (NYSE:AIT) has outperformed the market over the past 10 years by 3.24% on an annualized basis producing an average annual return of 14.03%. Currently, Applied Industrial Techs has a market capitalization of $7.24 billion. Buying $1000 In AIT: If an investor had bought $1000 of AIT stock 10 years ago, it would be worth $3,734.08 today based on a price of $187.53 for AIT at the time of writing. Applied Industrial Techs's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated b
Applied Industrial Techs's (NYSE:AIT) short percent of float has risen 8.7% since its last report. The company recently reported that it has 788 thousand shares sold short, which is 3.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.36 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i
Applied Industrial Techs (NYSE:AIT) has outperformed the market over the past 20 years by 6.47% on an annualized basis producing an average annual return of 14.52%. Currently, Applied Industrial Techs has a market capitalization of $7.19 billion. Buying $100 In AIT: If an investor had bought $100 of AIT stock 20 years ago, it would be worth $1,504.43 today based on a price of $186.33 for AIT at the time of writing. Applied Industrial Techs's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by
Applied Industrial Techs's (NYSE:AIT) short percent of float has risen 3.91% since its last report. The company recently reported that it has 840 thousand shares sold short, which is 3.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.61 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Applied Industrial Techs (NYSE:AIT) has outperformed the market over the past 15 years by 3.86% on an annualized basis producing an average annual return of 16.46%. Currently, Applied Industrial Techs has a market capitalization of $7.56 billion. Buying $1000 In AIT: If an investor had bought $1000 of AIT stock 15 years ago, it would be worth $9,851.24 today based on a price of $195.72 for AIT at the time of writing. Applied Industrial Techs's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated b
Applied Industrial Techs (NYSE:AIT) has outperformed the market over the past 5 years by 13.85% on an annualized basis producing an average annual return of 25.55%. Currently, Applied Industrial Techs has a market capitalization of $7.07 billion. Buying $1000 In AIT: If an investor had bought $1000 of AIT stock 5 years ago, it would be worth $3,029.55 today based on a price of $183.25 for AIT at the time of writing. Applied Industrial Techs's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by