Applied Industrial Technologies, Inc. (AIT)
| Market Cap | 6.69B |
| Revenue (ttm) | 4.45B |
| Net Income (ttm) | 363.69M |
| Shares Out | 38.76M |
| EPS (ttm) | 9.26 |
| PE Ratio | 18.65 |
| Forward PE | 17.98 |
| Dividend | $1.40 (0.81%) |
| Ex-Dividend Date | Nov 14, 2023 |
| Volume | 132,338 |
| Open | 173.55 |
| Previous Close | 174.16 |
| Day's Range | 172.43 - 174.37 |
| 52-Week Range | 116.94 - 176.44 |
| Beta | 1.11 |
| Analysts | Strong Buy |
| Price Target | 180.33 (+4.42%) |
| Earnings Date | Jan 25, 2024 |
About AIT
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield... [Read more]
Financial Performance
In 2023, AIT's revenue was $4.41 billion, an increase of 15.80% compared to the previous year's $3.81 billion. Earnings were $346.74 million, an increase of 34.70%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for AIT stock is "Strong Buy." The 12-month stock price forecast is $180.33, which is an increase of 4.42% from the latest price.
News
Applied Industrial Technologies Reports Fiscal 2024 First Quarter Results
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation ...
Applied Industrial Technologies to Report First Quarter Earnings and Conduct Investor Teleconference on October 26, 2023
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2024 first quarter results on Thursday, October 26, 2023, before the market opens. Th...
Applied Industrial Technologies Releases 2023 Environmental, Social & Governance (ESG) Report
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced the release of its Environmental, Social & Governance (ESG) Report for 2023. The Report details the Company's pr...
Applied Industrial Technologies Acquires Bearing Distributors and Cangro Industries
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of both Bearing Distributors, Inc. (Bearing Distributors) and Cangro Industries, Inc. (Cangro), ...
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Applied Industrial Technologies Reports Fiscal 2023 Fourth Quarter and Full-Year Results
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation ...
Applied Industrial Technologies to Report Fiscal Fourth Quarter and Full-Year Results on August 10, 2023
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2023 fourth quarter and full-year financial results on Thursday, August 10, 2023, bef...
2023 / 2024 Applied Industrial Technologies Product Catalog Now Available
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) has introduced its new 2023 / 2024 Applied® Product Catalog. This latest edition – which celebrates the company's 100 years of s...
Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting Date
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) Board of Directors has declared a quarterly cash dividend of $0.35 per common share, payable on August 31, 2023, to shareholders...
Applied Industrial Technologies Ringing NYSE Closing Bell to Celebrate its 100-Year Anniversary
CLEVELAND--(BUSINESS WIRE)--As part of the Company's 100-year anniversary being celebrated throughout 2023, representatives of Applied Industrial Technologies (NYSE: AIT) will ring The Closing Bell® a...
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Applied Industrial Technologies Reports Fiscal 2023 Third Quarter Results
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation ...
Applied Industrial Technologies to Report Third Quarter Earnings and Conduct Investor Teleconference on April 27, 2023
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2023 third quarter financial results on Thursday, April 27, 2023, before the market o...
Applied Industrial Technologies Acquires Advanced Motion Systems Inc.
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of Advanced Motion Systems Inc. (AMS), a provider of automation products, services, and engineer...
Applied Industrial Technologies Names New General Counsel & Secretary
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced that Jon S. Ploetz has joined the Company as Vice President – General Counsel & Secretary. In this role, Ploetz ...
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Applied Industrial Technologies Releases Fifth Edition Maintenance Supplies & Solutions Master Product Catalog
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) has announced the availability of its fifth edition Applied Maintenance Supplies & Solutions® (Applied MSSSM) Master Product C...
Applied Industrial Technologies Reports Fiscal 2023 Second Quarter Results
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automatio...
Applied Industrial Technologies to Report Second Quarter Earnings and Conduct Investor Teleconference on January 26, 2023
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2023 second quarter financial results on Thursday, January 26, 2023, before the mar...
Applied Industrial Technologies Commemorates 100-Year Anniversary
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced the celebration of its 100-year anniversary. On this day in 1923, Joseph M. Bruening founded the business that...
Applied Industrial Technologies Acquires Automation, Inc.
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of Automation, Inc., a provider of automation products, services, and engineered solutions focus...
Applied Industrial Technologies Reports Fiscal 2023 First Quarter Results
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation ...
Applied Industrial Technologies to Report First Quarter Earnings and Conduct Investor Teleconference on October 27, 2022
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2023 first quarter financial results on Thursday, October 27, 2022, before the market...
Applied Industrial Technologies Named 2022 NorthCoast 99 Award Recipient
CLEVELAND--(BUSINESS WIRE)-- #NC99--Applied Industrial Technologies (NYSE: AIT) has been named a 2022 NorthCoast 99 award winner. Since 1999, the Employers Resource Council (ERC) has honored 99 Northe...
Applied Industrial Technologies Elects New Board Member
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced that Shelly M. Chadwick, Vice President, Finance and Chief Financial Officer of Materion Corporation (NYSE: MTRN...