AIT Stock Overview
Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore.
Applied Industrial Technologies Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$103.45|
|52 Week High||US$111.68|
|52 Week Low||US$80.93|
|1 Month Change||9.82%|
|3 Month Change||-1.80%|
|1 Year Change||18.38%|
|3 Year Change||86.94%|
|5 Year Change||86.56%|
|Change since IPO||1,753.86%|
Recent News & Updates
Here's Why Applied Industrial Technologies (NYSE:AIT) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
|AIT||US Trade Distributors||US Market|
Return vs Industry: AIT exceeded the US Trade Distributors industry which returned 1.9% over the past year.
Return vs Market: AIT exceeded the US Market which returned -12.8% over the past year.
|AIT Average Weekly Movement||4.4%|
|Trade Distributors Industry Average Movement||6.8%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: AIT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AIT's weekly volatility (4%) has been stable over the past year.
About the Company
Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. It operates through 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, advanced automation products, industrial rubber products, linear motion components, 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, as well as other related supplies for general operational needs of customers’ machinery and equipment.
Applied Industrial Technologies Fundamentals Summary
|AIT fundamental statistics|
Is AIT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AIT income statement (TTM)|
|Cost of Revenue||US$2.58b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 11, 2022
|Earnings per share (EPS)||6.18|
|Net Profit Margin||6.52%|
How did AIT perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Does AIT pay a reliable dividends?See AIT dividend history and benchmarks
|Applied Industrial Technologies dividend dates|
|Ex Dividend Date||Aug 12 2022|
|Dividend Pay Date||Aug 31 2022|
|Days until Ex dividend||4 days|
|Days until Dividend pay date||23 days|
Does AIT pay a reliable dividends?See AIT dividend history and benchmarks
Is AIT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AIT?
Other financial metrics that can be useful for relative valuation.
|What is AIT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AIT's PE Ratio compare to its peers?
|AIT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MSM MSC Industrial Direct
BECN Beacon Roofing Supply
HRI Herc Holdings
AIT Applied Industrial Technologies
Price-To-Earnings vs Peers: AIT is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (14.7x).
Price to Earnings Ratio vs Industry
How does AIT's PE Ratio compare vs other companies in the US Trade Distributors Industry?
Price-To-Earnings vs Industry: AIT is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the US Trade Distributors industry average (13.2x)
Price to Earnings Ratio vs Fair Ratio
What is AIT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||16.7x|
|Fair PE Ratio||17.9x|
Price-To-Earnings vs Fair Ratio: AIT is good value based on its Price-To-Earnings Ratio (16.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).
Share Price vs Fair Value
What is the Fair Price of AIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AIT ($103.45) is trading above our estimate of fair value ($50.97)
Significantly Below Fair Value: AIT is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Applied Industrial Technologies forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIT's forecast earnings growth (9.3% per year) is above the savings rate (1.9%).
Earnings vs Market: AIT's earnings (9.3% per year) are forecast to grow slower than the US market (12.8% per year).
High Growth Earnings: AIT's earnings are forecast to grow, but not significantly.
Revenue vs Market: AIT's revenue (2.6% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: AIT's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AIT's Return on Equity is forecast to be high in 3 years time
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How has Applied Industrial Technologies performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIT has high quality earnings.
Growing Profit Margin: AIT's current net profit margins (6.5%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: AIT's earnings have grown by 0.1% per year over the past 5 years.
Accelerating Growth: AIT's earnings growth over the past year (105.7%) exceeds its 5-year average (0.1% per year).
Earnings vs Industry: AIT earnings growth over the past year (105.7%) exceeded the Trade Distributors industry 70.5%.
Return on Equity
High ROE: AIT's Return on Equity (21.6%) is considered high.
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How is Applied Industrial Technologies's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AIT's short term assets ($1.3B) exceed its short term liabilities ($464.4M).
Long Term Liabilities: AIT's short term assets ($1.3B) exceed its long term liabilities ($820.8M).
Debt to Equity History and Analysis
Debt Level: AIT's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: AIT's debt to equity ratio has increased from 45.5% to 65.7% over the past 5 years.
Debt Coverage: AIT's debt is well covered by operating cash flow (23.9%).
Interest Coverage: AIT's interest payments on its debt are well covered by EBIT (11.8x coverage).
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What is Applied Industrial Technologies's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AIT's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: AIT's dividend (1.31%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Stability and Growth of Payments
Stable Dividend: AIT's dividends per share have been stable in the past 10 years.
Growing Dividend: AIT's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.6%), AIT's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (33.4%), AIT's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Neil Schrimsher (58 yo)
Mr. Neil A. Schrimsher serves as the Chief Executive Officer of Applied Industrial Technologies, Inc. since October 25, 2011 and also serves as President since August 2013. Mr. Schrimsher's managerial expe...
CEO Compensation Analysis
Compensation vs Market: Neil's total compensation ($USD6.08M) is about average for companies of similar size in the US market ($USD6.58M).
Compensation vs Earnings: Neil's compensation has increased by more than 20% in the past year.
Experienced Management: AIT's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: AIT's board of directors are considered experienced (7.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AIT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Applied Industrial Technologies, Inc.'s employee growth, exchange listings and data sources
- Name: Applied Industrial Technologies, Inc.
- Ticker: AIT
- Exchange: NYSE
- Founded: 1923
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Implied Market Cap: US$3.977b
- Shares outstanding: 38.44m
- Website: https://www.applied.com
Number of Employees
- Applied Industrial Technologies, Inc.
- 1 Applied Plaza
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/06 00:00|
|End of Day Share Price||2022/08/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.