12 Month Price Forecast For AIT
Distance to AIT Price Forecasts
AIT Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 2:12 AM UTC
AIT Analyst Ratings & Price Targets
Based on our analysis of 11 Wall Street analysts, AIT has a consensus that is bullish. The median price target is $305.00, with forecasts ranging from $250.00 to $325.00. Currently, there are 7 Buy ratings, 1 Hold ratings, and 0 Sell ratings.
With AIT currently trading at $261.72, the median price forecast suggests a 16.5% upside. The most optimistic forecast comes from Ken Newman at Keybanc, projecting a 24.2% upside, while Sam Darkatsh at Raymond James provides the most conservative target, suggesting a -4.5% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
AIT Analyst Consensus
AIT Price Target Range
Latest AIT Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for AIT.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 3, 2024 | Keybanc | Ken Newman | Overweight | Maintains | $325.00 |
| Nov 26, 2024 | B of A Securities | Sabrina Abrams | Buy | Upgrade | $315.00 |
| Nov 14, 2024 | Oppenheimer | Christopher Glynn | Outperform | Maintains | $305.00 |
| Oct 28, 2024 | Loop Capital | Chris Dankert | Buy | Maintains | $270.00 |
| Oct 25, 2024 | Oppenheimer | Christopher Glynn | Outperform | Maintains | $260.00 |
| Oct 25, 2024 | Raymond James | Sam Darkatsh | Outperform | Maintains | $250.00 |
| Oct 25, 2024 | B of A Securities | Sabrina Abrams | Neutral | Maintains | $240.00 |
| Oct 25, 2024 | Keybanc | Steve Barger | Overweight | Maintains | $275.00 |
| Oct 22, 2024 | Mizuho | Brett Linzey | Outperform | Initiates | $285.00 |
| Oct 16, 2024 | Baird | David Manthey | Outperform | Maintains | $250.00 |
| Oct 7, 2024 | B of A Securities | Sabrina Abrams | Neutral | Initiates | $232.00 |
| Sep 23, 2024 | Keybanc | Steve Barger | Overweight | Maintains | $245.00 |
| Sep 4, 2024 | Raymond James | Sam Darkatsh | Outperform | Initiates | $225.00 |
| Aug 29, 2024 | Baird | David Manthey | Outperform | Maintains | $210.00 |
| Aug 16, 2024 | Loop Capital | Chris Dankert | Buy | Maintains | $230.00 |
| Aug 16, 2024 | Keybanc | Ken Newman | Overweight | Maintains | $215.00 |
| Apr 29, 2024 | Loop Capital | Buy | Maintains | $0.00 | |
| Apr 11, 2024 | Keybanc | Ken Newman | Overweight | Maintains | $210.00 |
| Apr 2, 2024 | Oppenheimer | Christopher Glynn | Outperform | Initiates | $235.00 |
| Jan 26, 2024 | Keybanc | Ken Newman | Overweight | Maintains | $195.00 |
Stocks Similar to Applied Industrial Technologies Inc
The following stocks are similar to Applied Industrial based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Applied Industrial Technologies Inc (AIT) Financial Data
Applied Industrial Technologies Inc has a market capitalization of $10.12B with a P/E ratio of 26.9x. The company generates $4.48B in trailing twelve-month revenue with a 8.6% profit margin.
Revenue growth is +0.3% quarter-over-quarter, while maintaining an operating margin of +10.3% and return on equity of +23.4%.
Valuation Metrics
Growth & Margins
Financial Health
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Applied Industrial Technologies Inc (AIT) Company Overview
About Applied Industrial Technologies Inc
Distributes industrial motion and automation solutions.
The company operates through two main segments: Service Center Based Distribution and Engineered Solutions. It generates revenue by distributing a wide range of industrial products and solutions, including bearings, power transmission products, and advanced automation technologies, catering to diverse industries. Additionally, it offers technical support and services, enhancing customer relationships and operational efficiency.
Founded in 1923 and headquartered in Cleveland, Ohio, the company has a strong presence in North America and select international markets. It serves a variety of sectors, including agriculture, mining, and life sciences, indicating a broad customer base and resilience against market fluctuations. The company's long history and experience in the industry position it well for future growth.
Company Information
Sector
Industrials
Industry
Industrial Distribution
Employees
6,549
CEO
Mr. Neil A. Schrimsher
Country
United States
IPO Year
1984
Website
www.applied.comApplied Industrial Technologies Inc (AIT) Latest News & Analysis
Applied Industrial Technologies (AIT) is being evaluated as a potential top stock pick for momentum investors. Further analysis may be needed to assess its suitability.
The mention of Applied Industrial Technologies as a potential top stock pick signals interest in its performance, suggesting possible growth and momentum, which could attract investor attention and capital.
AIT reports positive performance due to strong business fundamentals, acquired assets, and policies that favor shareholders.
The news highlights AIT's robust business performance, strategic acquisitions, and shareholder-focused initiatives, indicating potential growth and value appreciation for investors.
Applied Industrial Technologies (NYSE: AIT) will release Q2 fiscal 2025 results on January 29, 2025, before market open, with a conference call at 10 a.m. ET. Webcast available on their Investor Relations site.
Applied Industrial Technologies' upcoming earnings release and conference call could impact stock performance, providing insights into financial health and future guidance crucial for investment decisions.
Applied Industrial Technologies reports strong FY2023, with 15.8% revenue growth and 34.3% EPS increase, driven by M&A, high-margin segments, and U.S. reshoring trends.
Applied Industrial Technologies' focus on high-margin segments and strong domestic revenue positioning enhances growth potential, especially amid reshoring and automation trends, signaling robust future profitability.
Weakness in the manufacturing sector affects the Zacks Manufacturing - General Industrial industry. Stocks to consider include DOV, AIT, GNRC, and DXPE.
Weakness in manufacturing signals potential challenges for companies in this sector, influencing stock performance. Consideration of specific stocks like DOV, AIT, GNRC, and DXPE may present buying opportunities.
Applied Industrial Technologies (NYSE: AIT) acquired Hydradyne, LLC on December 31, 2024. Hydradyne provides fluid power solutions across the Southeastern U.S.
Applied Industrial Technologies' acquisition of Hydradyne expands its service capabilities and market reach, potentially boosting revenue and competitive positioning in fluid power solutions.
Frequently Asked Questions About AIT Stock
What is Applied Industrial Technologies Inc's (AIT) stock forecast for 2025?
Based on our analysis of 11 Wall Street analysts, Applied Industrial Technologies Inc (AIT) has a median price target of $305.00. The highest price target is $325.00 and the lowest is $250.00.
Is AIT stock a good investment in 2025?
According to current analyst ratings, AIT has 7 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $261.72. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for AIT stock?
Wall Street analysts predict AIT stock could reach $305.00 in the next 12 months. This represents a 16.5% increase from the current price of $261.72. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Applied Industrial Technologies Inc's business model?
The company operates through two main segments: Service Center Based Distribution and Engineered Solutions. It generates revenue by distributing a wide range of industrial products and solutions, including bearings, power transmission products, and advanced automation technologies, catering to diverse industries. Additionally, it offers technical support and services, enhancing customer relationships and operational efficiency.
What is the highest forecasted price for AIT Applied Industrial Technologies Inc?
The highest price target for AIT is $325.00 from Ken Newman at Keybanc, which represents a 24.2% increase from the current price of $261.72.
What is the lowest forecasted price for AIT Applied Industrial Technologies Inc?
The lowest price target for AIT is $250.00 from Sam Darkatsh at Raymond James, which represents a -4.5% decrease from the current price of $261.72.
What is the overall AIT consensus from analysts for Applied Industrial Technologies Inc?
The overall analyst consensus for AIT is bullish. Out of 11 Wall Street analysts, 7 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $305.00.
How accurate are AIT stock price projections?
Stock price projections, including those for Applied Industrial Technologies Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
