Applied Industrial Technologies Releases 2024 Environmental, Social, and Governance (ESG) Report
Business Wire (Wed, 18-Sep 8:00 AM ET)
If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,300 Today
Benzinga (Fri, 13-Sep 10:00 AM ET)
Business Wire (Thu, 15-Aug 6:30 AM ET)
Applied Industrial Technologies Elects New Board Member
Business Wire (Tue, 13-Aug 4:15 PM ET)
Business Wire (Thu, 25-Jul 11:01 AM ET)
Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting Date
Business Wire (Fri, 28-Jun 8:00 AM ET)
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.
Applied Industrial Techs trades on the NYSE stock market under the symbol AIT.
As of September 18, 2024, AIT stock price climbed to $214.87 with 270,733 million shares trading.
AIT has a beta of 0.95, meaning it tends to be less sensitive to market movements. AIT has a correlation of 0.34 to the broad based SPY ETF.
AIT has a market cap of $8.26 billion. This is considered a Mid Cap stock.
Last quarter Applied Industrial Techs reported $1 billion in Revenue and $2.64 earnings per share. This fell short of revenue expectation by $-29 million and exceeded earnings estimates by $.13.
In the last 3 years, AIT stock traded as high as $223.15 and as low as $80.93.
The top ETF exchange traded funds that AIT belongs to (by Net Assets): IJH, VTI, IWM, VB, VBR.
AIT has outperformed the market in the last year with a price return of +37.8% while the SPY ETF gained +27.8%. AIT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +16.3% and +8.2%, respectively, while the SPY returned +2.9% and +1.7%, respectively.
AIT support price is $209.91 and resistance is $217.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIT stock will trade within this expected range on the day.