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AIT

AIT - Applied Industrial Technologies Inc Stock Price, Fair Value and News

199.78USD+4.06 (+2.07%)Market Closed

Market Summary

AIT
USD199.78+4.06
Market Closed
2.07%

AIT Stock Price

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AIT RSI Chart

AIT Valuation

Market Cap

7.7B

Price/Earnings (Trailing)

20.59

Price/Sales (Trailing)

1.72

EV/EBITDA

14.45

Price/Free Cashflow

17.85

AIT Price/Sales (Trailing)

AIT Profitability

EBT Margin

10.72%

Return on Equity

22.44%

Return on Assets

13.12%

Free Cashflow Yield

5.6%

AIT Fundamentals

AIT Revenue

Revenue (TTM)

4.5B

Rev. Growth (Yr)

1.27%

Rev. Growth (Qtr)

6.43%

AIT Earnings

Earnings (TTM)

374.5M

Earnings Growth (Yr)

0.03%

Earnings Growth (Qtr)

6.56%

Breaking Down AIT Revenue

Last 7 days

3.0%

Last 30 days

5.5%

Last 90 days

5.7%

Trailing 12 Months

56.8%

How does AIT drawdown profile look like?

AIT Financial Health

Current Ratio

3.77

Debt/Equity

0.34

Debt/Cashflow

0.76

AIT Investor Care

Dividend Yield

0.71%

Dividend/Share (TTM)

1.42

Buy Backs (1Y)

0.13%

Diluted EPS (TTM)

9.54

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20244.5B000
20234.3B4.4B4.4B4.5B
20223.6B3.8B4.0B4.2B
20213.1B3.2B3.4B3.5B
20203.4B3.2B3.1B3.1B
20193.5B3.5B3.5B3.5B
20182.9B3.1B3.3B3.4B
20172.5B2.6B2.6B2.7B
20162.6B2.5B2.5B2.5B
20152.7B2.8B2.7B2.6B
20142.4B2.5B2.6B2.7B
20132.4B2.5B2.5B2.4B
20122.3B2.4B2.4B2.4B
20112.1B2.2B2.3B2.3B
20101.9B1.9B2.0B2.1B
200901.9B1.9B1.9B
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Tracking the Latest Insider Buys and Sells of Applied Industrial Technologies Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 31, 2024
wallace peter c
acquired
2,334
189
12.294
-
Feb 02, 2024
hoffner warren e iii
sold
-364,680
182
-2,000
vp, general mgr-fluid power
Feb 01, 2024
hoffner warren e iii
sold (taxes)
-227,443
182
-1,249
vp, general mgr-fluid power
Feb 01, 2024
hoffner warren e iii
acquired
150,943
88.79
1,700
vp, general mgr-fluid power
Jan 23, 2024
wallace peter c
acquired
-
-
1,035
-
Jan 23, 2024
petrella vincent k
acquired
-
-
850
-
Jan 23, 2024
pagano robert j jr
acquired
-
-
850
-
Jan 23, 2024
komnenovich dan
acquired
-
-
850
-
Jan 23, 2024
andrews madhuri a
acquired
-
-
850
-
Jan 23, 2024
hall mary dean
acquired
-
-
850
-

1–10 of 50

Which funds bought or sold AIT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 15, 2024
Alyeska Investment Group, L.P.
new
-
63,733,000
63,733,000
0.39%
May 15, 2024
Brevan Howard Capital Management LP
added
312
780,747
990,911
0.01%
May 15, 2024
CAPTRUST FINANCIAL ADVISORS
sold off
-100
-920,956
-
-%
May 15, 2024
Horizon Investments, LLC
added
66.67
469
986
-%
May 15, 2024
Man Group plc
added
77.94
654,845
1,287,240
-%
May 15, 2024
JANUS HENDERSON GROUP PLC
reduced
-1.14
713,962
6,168,610
-%
May 15, 2024
SG Capital Management LLC
new
-
4,774,780
4,774,780
1.56%
May 15, 2024
PALISADE CAPITAL MANAGEMENT, LP
reduced
-1.23
9,700,870
84,400,900
2.23%
May 15, 2024
ArrowMark Colorado Holdings LLC
reduced
-31.00
-13,509,300
50,608,600
0.57%
May 15, 2024
Paloma Partners Management Co
new
-
1,982,810
1,982,810
0.10%

1–10 of 48

Are Funds Buying or Selling AIT?

Are funds buying AIT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AIT
No. of Funds

Unveiling Applied Industrial Technologies Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
13.09%
5,072,162
SC 13G/A
Jan 22, 2024
blackrock inc.
16.1%
6,247,721
SC 13G/A
Feb 09, 2023
vanguard group inc
12.88%
4,968,963
SC 13G/A
Jan 26, 2023
blackrock inc.
17.4%
6,701,557
SC 13G/A
Jan 20, 2023
blackrock inc.
17.4%
6,701,557
SC 13G/A
Jan 05, 2023
jpmorgan chase & co
4.8%
1,879,343
SC 13G/A
Feb 09, 2022
vanguard group inc
11.95%
4,595,024
SC 13G/A
Jan 27, 2022
blackrock inc.
17.0%
6,541,984
SC 13G/A
Jan 25, 2022
blackrock inc.
17.0%
6,541,984
SC 13G/A
Jan 07, 2022
jpmorgan chase & co
7.0%
2,711,578
SC 13G/A

Recent SEC filings of Applied Industrial Technologies Inc

View All Filings
Date Filed Form Type Document
Apr 26, 2024
10-Q
Quarterly Report
Apr 25, 2024
8-K
Current Report
Apr 03, 2024
4
Insider Trading
Feb 13, 2024
SC 13G/A
Major Ownership Report

Peers (Alternatives to Applied Industrial Technologies Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
63.8B
87.5B
-2.79% 17.19%
14.52
0.73
-5.51% 46.89%
47.0B
16.6B
0.26% 44.21%
25.7
2.83
6.06% 9.62%
38.4B
7.4B
-3.44% 24.91%
33.14
5.2
3.46% 4.06%
17.3B
12.5B
-9.53% -2.09%
26.27
1.38
-13.82% -28.77%
16.6B
8.9B
0.96% 5.85%
23.91
1.87
-40.57% -43.75%
MID-CAP
9.8B
17.4B
20.82% -14.89%
32.21
0.56
-22.65% -61.39%
8.1B
7.3B
-1.60% -9.40%
73.2
1.1
1.23% -83.48%
7.7B
4.5B
5.51% 56.78%
20.59
1.72
3.72% 12.24%
6.4B
9.3B
3.87% 60.21%
15.29
0.68
9.73% -2.71%
2.8B
4.4B
-21.49% 39.33%
22.66
0.63
-10.46% -59.38%
SMALL-CAP
926.9M
3.1B
-7.64% 31.78%
19.22
0.3
-22.33% -73.30%
692.1M
225.0M
-17.39% -27.90%
-6.02
3.08
-9.19% -264.75%
611.8M
1.1B
3.66% 23.58%
14.37
0.55
-6.43% -58.73%
391.3M
1.6B
-0.12% 0.61%
-22.11
0.25
-11.50% -135.26%
66.9M
220.4M
4.06% -10.88%
-6.15
0.3
16.77% -270.60%

Applied Industrial Technologies Inc News

Latest updates
Yahoo News Australia • 16 hours ago
Yahoo New Zealand News • 22 hours ago
Yahoo Canada Shine On • 14 May 2024 • 12:58 pm
Yahoo News UK • 11 May 2024 • 03:04 pm

Applied Industrial Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue6.4%1,1461,0771,0951,1581,1321,0601,0621,061981877892896841751748725831833856883885
Gross Profit6.7%338317325339333309307307287258255263247210216208237241251257256
  S&GA Expenses7.2%217202204212206196200197191179181182173162163161184182190185189
EBITDA Margin0.6%0.12*0.12*0.12*0.11*0.11*0.11*0.10*0.10*0.10*0.10*0.07*0.07*0.07*0.02*0.04*------
Interest Expenses86.2%-0.26-1.92-1.3242.00-4.77-6.18-6.4847.00-5.85-7.01-7.3954.00-7.61-7.66-7.6566.00-8.80-9.58-10.0671.00-9.95
Income Taxes4.4%25.0024.0025.0030.0025.0025.0022.0022.0021.0015.0015.0015.0012.00-4.8310.0010.00-2.5511.0012.0022.009.00
Earnings Before Taxes6.1%12311611912312210699.0010190.0072.0068.0074.0069.00-10.1745.0040.00-85.3349.0051.0062.0026.00
EBT Margin-0.2%0.11*0.11*0.11*0.10*0.10*0.09*0.09*0.09*0.08*0.08*0.06*0.05*0.05*0.00*0.02*------
Net Income6.6%97.0091.0094.0092.0097.0080.0077.0079.0068.0057.0053.0059.0056.00-5.3335.0030.00-82.7838.0039.0040.0017.00
Net Income Margin-0.3%0.08*0.08*0.08*0.08*0.08*0.07*0.07*0.07*0.07*0.06*0.05*0.04*0.04*-0.01*0.01*------
Free Cashflow-17.3%84.0010264.0017773.0060.0023.0051.0050.0030.0046.0036.0041.0075.0079.00------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets2.6%2,8552,7832,7512,7432,6092,5232,4742,4532,3842,2262,3032,2722,3052,2412,2492,2842,2902,4192,4302,3322,323
  Current Assets5.1%1,7681,6821,6441,6471,5071,4221,3901,3601,2951,1441,2111,1971,2261,1521,1361,1601,1631,1431,1451,1481,126
    Cash Equivalents10.6%45741336034418216614818418815524725830428927126916512898.0010847.00
  Inventory-3.1%504520508501527523490450425400378363358364365389421464465448455
  Net PPE1.4%115114114115115113111112111112114116117121120122124126125124123
  Goodwill-0.1%589589586578577572561563564563563560559557541541539673671662661
Liabilities1.0%1,1861,1751,2141,2851,2281,2271,2531,3031,2851,2041,3271,3391,3701,3601,3641,4401,4591,4571,5031,4351,440
  Current Liabilities4.3%468449467540481447451500464400467428466426414426448421479424417
  Long Term Debt0.0%572572597597597624649649681681730785773783793855865874859909938
    LT Debt, Current-0.2%25.0025.0025.0025.0025.0025.000.0040.0040.0040.0088.0044.0079.0079.0079.0079.0079.0074.0094.0049.0044.00
    LT Debt, Non Current0.0%572572597597597624649649681681730785773783793855865874859909938
Shareholder's Equity-15.0%1,6691,96410.001,45810.0018510.001,5001,44710.001,3471771778818851,2011751,29117210.00883
  Retained Earnings4.2%2,0471,9641,8861,7931,7281,6441,5771,5001,4471,3921,3471,2941,2611,2181,2351,2011,1951,2911,2651,2291,213
  Additional Paid-In Capital1.3%191189186189186185183184183180180177177175176176175174172173172
Accumulated Depreciation1.5%243239233229225222218215212212209204200199197192187189185181177
Shares Outstanding-0.1%39.0039.0039.0039.0039.0039.0039.0038.0038.0038.0039.0039.0039.0039.00-------
Float------4,758---3,898---2,993-------
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-17.3%84,192101,75866,209179,93975,20462,88025,94353,74752,55932,62248,64238,28844,05377,51481,842127,09064,72554,88150,018103,43511,586
  Share Based Compensation---------------6771,9542099189197581,365
Cashflow From Investing-43.9%-7,448-5,175-25,657-4,583-18,045-32,707-5,498-5,828-953-3,375-25,502-3,421-2,274-35,831-3,404-3,753-3,621-7,469-40,561-6,905-34,836
Cashflow From Financing31.7%-31,945-46,748-22,483-15,362-42,389-13,619-55,518-49,663-19,923-121,463-31,980-82,503-26,280-27,071-77,183-22,279-19,638-17,447-18,874-36,069-9,549
  Dividend Payments5.6%14,36913,60413,55113,61713,57013,15913,10013,19313,14712,75312,71212,89212,87312,48412,41512,45312,41812,01711,98512,01211,979
  Buy Backs70.4%18,19810,677----7161803,5403,5276,53740,089--------11,158
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AIT Income Statement

2024-03-31
Condensed Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales$ 1,146,390$ 1,132,035$ 3,318,731$ 3,254,720
Cost of sales808,144798,9172,338,3132,306,314
Gross profit338,246333,118980,418948,406
Selling, distribution and administrative expense, including depreciation217,040206,207623,938602,070
Operating income121,206126,911356,480346,336
Interest expense, net2654,7733,50217,438
Other (income) expense, net(1,724)(142)(4,217)1,624
Income before income taxes122,665122,280357,195327,274
Income tax expense25,44825,09374,92472,750
Net income$ 97,217$ 97,187$ 282,271$ 254,524
Net income per share - basic$ 2.51$ 2.52$ 7.29$ 6.60
Net income per share - diluted$ 2.48$ 2.47$ 7.18$ 6.49
Weighted average common shares outstanding for basic computation38,67538,61738,70738,574
Dilutive effect of potential common shares577651584629
Weighted average common shares outstanding for diluted computation39,25239,26839,29139,203

AIT Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2024
Jun. 30, 2023
Current assets  
Cash and cash equivalents$ 456,533$ 344,036
Accounts receivable, net710,195708,395
Inventories503,910501,184
Other current assets97,04493,192
Total current assets1,767,6821,646,807
Property, less accumulated depreciation of $242,620 and $229,041115,325115,041
Operating lease assets, net95,569100,677
Identifiable intangibles, net220,840235,549
Goodwill588,713578,418
Other assets66,81466,840
TOTAL ASSETS2,854,9432,743,332
Current liabilities  
Accounts payable271,185301,685
Current portion of long-term debt25,10725,170
Compensation and related benefits75,44398,740
Other current liabilities96,671114,749
Total current liabilities468,406540,344
Long-term debt571,862596,926
Other liabilities145,651147,625
TOTAL LIABILITIES1,185,9191,284,895
Shareholders’ equity  
Preferred stock—no par value; 2,500 shares authorized; none issued or outstanding$ 00
Preferred Stock, Shares Authorized2,500 
Common stock—no par value; 80,000 shares authorized; 54,213 shares issued$ 10,00010,000
Common Stock, Shares Authorized80,000 
Common Stock, Shares, Issued54,213 
Additional paid-in capital$ 191,133188,646
Retained earnings2,046,9561,792,632
Treasury shares—at cost (15,573 and 15,556 shares, respectively)$ 514,576$ 477,545
Treasury Stock, Common, Shares15,57315,556
Accumulated other comprehensive loss$ (64,489)$ (55,296)
TOTAL SHAREHOLDERS’ EQUITY1,669,0241,458,437
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$ 2,854,943$ 2,743,332
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 supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, 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 provides technical support services; engages in the distribution of fluid power and industrial flow control products; advanced automation solutions, including machine vision, robotics, motion control, and smart technologies. It distributes 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, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.
 CEO
 WEBSITEapplied.com
 INDUSTRYIntegrated Freight & Logistics
 EMPLOYEES6200

Applied Industrial Technologies Inc Frequently Asked Questions


What is the ticker symbol for Applied Industrial Technologies Inc? What does AIT stand for in stocks?

AIT is the stock ticker symbol of Applied Industrial Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Applied Industrial Technologies Inc (AIT)?

As of Wed May 15 2024, market cap of Applied Industrial Technologies Inc is 7.71 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AIT stock?

You can check AIT's fair value in chart for subscribers.

What is the fair value of AIT stock?

You can check AIT's fair value in chart for subscribers. The fair value of Applied Industrial Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Applied Industrial Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AIT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Applied Industrial Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether AIT is over valued or under valued. Whether Applied Industrial Technologies Inc is cheap or expensive depends on the assumptions which impact Applied Industrial Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AIT.

What is Applied Industrial Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, AIT's PE ratio (Price to Earnings) is 20.58 and Price to Sales (PS) ratio is 1.72. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AIT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Applied Industrial Technologies Inc's stock?

In the past 10 years, Applied Industrial Technologies Inc has provided 0.178 (multiply by 100 for percentage) rate of return.