Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Applied Industrial Technologies Inc Market Cap
The Applied Industrial Technologies Inc (AIT) share price is expected to increase by 4.29% over the next year. This is based on calculating the average 12-month share price estimate provided by 6 stock analysts who have covered AIT. Price targets range from $210 at the low end to $245 at the high end. The current analyst consensus for AIT is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 6 Wall Street analysts have assigned AIT 0 buy ratings, 6 hold ratings, and 0 sell ratings. This means that analysts expect Applied Industrial Technologies Inc to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on AIT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of AIT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Sabrina Abrams B of A Securities | Neutral | $232 | Initiates | Oct 7, 2024 |
| Steve Barger Keybanc | Overweight | $245 | Maintains | Sep 23, 2024 |
| Sam Darkatsh Raymond James | Outperform | $225 | Initiates | Sep 4, 2024 |
| David Manthey Baird | Outperform | $210 | Maintains | Aug 29, 2024 |
| Chris Dankert Loop Capital | Buy | $230 | Maintains | Aug 16, 2024 |
| Ken Newman Keybanc | Overweight | $215 | Maintains | Aug 16, 2024 |
Loop Capital | Buy | Maintains | Apr 29, 2024 | |
| Ken Newman Keybanc | Overweight | $210 | Maintains | Apr 11, 2024 |
| Christopher Glynn Oppenheimer | Outperform | $235 | Initiates | Apr 2, 2024 |
| Ken Newman Keybanc | Overweight | $195 | Maintains | Jan 26, 2024 |
| Chris Dankert Loop Capital | Buy | $174 | Maintains | Aug 14, 2023 |
| David Manthey Baird | Outperform | $185 | Maintains | Aug 11, 2023 |
| Ken Newman Keybanc | Overweight | $182 | Maintains | Aug 11, 2023 |
| David Manthey Baird | Outperform | $161 | Maintains | Apr 28, 2023 |
| David Manthey Baird | Outperform | $160 | Upgrade | Mar 17, 2023 |
| David Manthey Baird | Neutral | $160 | Maintains | Jan 27, 2023 |
| Ken Newman Keybanc | Overweight | $162 | Maintains | Jan 27, 2023 |
| Chris Dankert Loop Capital | Buy | $170 | Maintains | Jan 27, 2023 |
| David Manthey Baird | Neutral | $138 | Maintains | Jan 24, 2023 |
| Ken Newman Keybanc | Overweight | $138 | Maintains | Oct 28, 2022 |
When did it IPO
1984
Staff Count
6,500
Country
United States
Sector/Industry
Industrials/Industrial Distribution
CEO
Mr. Neil A. Schrimsher
Market Cap
$8.55B
In 2023, AIT generated $4.41B in revenue, which was a increase of 15.80% from the previous year. This can be seen as a signal that AIT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 08 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Applied Industrial Technologies (NYSE: AIT) will release Q1 fiscal 2025 results on October 24, 2024, before market open, followed by a conference call at 10 a.m. ET.
Why It Matters - The scheduled earnings release and conference call indicate upcoming insights into Applied Industrial Technologies' financial performance and outlook, influencing stock valuation and investment decisions.
Tue, 08 Oct 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - AIT faces challenges from softness in the Engineered Solutions segment, rising operating costs, and unfavorable foreign currency impacts.
Why It Matters - Weakness in Engineered Solutions and rising operating costs could hurt AIT's profitability, while unfavorable currency movements may impact revenue, signaling potential risks for investors.
Tue, 24 Sep 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - APO, AIT, and BZH have been designated as Zacks Rank #24 (Strong Sell) as of September 24, 2024.
Why It Matters - APO, AIT, and BZH being added to the Strong Sell list signals potential declines in their stock performance, prompting caution among investors regarding these companies.
Wed, 18 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Applied Industrial Technologies (NYSE: AIT) released its 2024 ESG Report, showcasing progress in sustainability and commitment to socially responsible practices for fiscal year 2024.
Why It Matters - The release of Applied Industrial Technologies' ESG Report signals a commitment to sustainability, potentially enhancing brand reputation and attracting socially conscious investors, impacting stock performance.
Fri, 13 Sep 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - AIT sees growth from strong business performance and acquisitions, but faces challenges due to weakness in the OEM channel.
Why It Matters - Strength in AIT's businesses and successful acquisitions signal growth potential, but ongoing weakness in the OEM channel may impact overall performance and investor sentiment.
Thu, 22 Aug 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Applied Industrial Technologies (AIT) shows varying international revenue patterns, which may influence Wall Street forecasts and the stock's future performance.
Why It Matters - Applied Industrial Technologies' international revenue trends can signal growth potential or risks, influencing Wall Street forecasts and impacting stock performance expectations.
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