AIT
Applied Industrial Technologies, Inc. [AIT] Stock Forecast
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Recent Price Trend in Applied Industrial Technologies (AIT) is Your Friend, Here's Why
Applied Industrial Technologies (AIT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Applied Industrial Technologies (AIT) Is a Great Choice for 'Trend' Investors, Here's Why
If you are looking for stocks that are well positioned to maintain their recent uptrend, Applied Industrial Technologies (AIT) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Buy 5 Manufacturing Stocks Despite Disappointing October PMI
We have narrowed our search to five manufacturing stocks with strong potential for the rest of 2023. AOS, ATR, AIT, EMR, GGG.
Applied Industrial Technologies, Inc. (AIT) Hit a 52 Week High, Can the Run Continue?
Applied Industrial Technologies (AIT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
VIEW's Earnings Miss Estimates in Q3, 2023 View Lowered
VIEW's revenues increase year over year in the third quarter of 2023. The company lowers its 2023 revenue guidance.
Applied Industrial (AIT) Up 28% YTD: Will the Uptrend Continue?
Applied Industrial (AIT) is poised for growth on the back of strength across end markets, focus on pricing and cross-selling actions and investments in automation, IIot and digital offerings.
Is Applied Industrial Technologies (AIT) Outperforming Other Industrial Products Stocks This Year?
Here is how Applied Industrial Technologies (AIT) and AptarGroup (ATR) have performed compared to their sector so far this year.
Here's Why Momentum in Applied Industrial Technologies (AIT) Should Keep going
If you are looking for stocks that are well positioned to maintain their recent uptrend, Applied Industrial Technologies (AIT) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Applied Industrial (AIT) Q1 Earnings Beat, FY24 View Upbeat
Applied Industrial's (AIT) Q1 results benefit from contributions from acquisitions and solid growth across national strategic accounts. The company improves its fiscal 2024 guidance.
Applied Industrial Technologies, Inc. (AIT) Q1 2024 Earnings Call Transcript
Applied Industrial Technologies, Inc. (NYSE:AIT ) Q1 2024 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Ryan Cieslak - Director, IR Neil Schrimsher - President & CEO David Wells - CFO Conference Call Participants David Manthey - Baird Chris Dankert - Loop Capital Ken Newman - KeyBanc Capital Markets Operator Greetings, and welcome to the Fiscal 2024 First Quarter Earnings Call for Applied Industrial Technologies. [Operator Instructions] As a reminder, this conference is being recorded Thursday, October 26, 2023.
AIT Financial details
AIT Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-06-30
| Metric | History | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 89.8 | 83.96 | 83.49 | 99.05 | 114.34 | |
| Net income per share | 3.72 | 0.62 | 3.73 | 6.69 | 8.98 | |
| Operating cash flow per share | 4.67 | 7.68 | 6.24 | 4.88 | 8.91 | |
| Free cash flow per share | 4.18 | 7.16 | 5.83 | 4.4 | 8.23 | |
| Cash per share | 2.8 | 6.95 | 6.65 | 4.8 | 8.91 | |
| Book value per share | 23.2 | 21.82 | 24.06 | 29.88 | 37.79 | |
| Tangible book value per share | -3.46 | -1.04 | 2.4 | 8.72 | 16.7 | |
| Share holders equity per share | 23.2 | 21.82 | 24.06 | 29.88 | 37.79 | |
| Interest debt per share | 25.83 | 25.1 | 22.16 | 18.61 | 16.76 | |
| Market cap | 2.36B | 2.41B | 3.53B | 3.7B | 5.59B | |
| Enterprise value | 3.21B | 3.08B | 4.1B | 4.2B | 5.87B | |
| P/E ratio | 16.38 | 100.32 | 24.38 | 14.37 | 16.12 | |
| Price to sales ratio | 0.68 | 0.74 | 1.09 | 0.97 | 1.27 | |
| POCF ratio | 13.06 | 8.13 | 14.6 | 19.72 | 16.25 | |
| PFCF ratio | 14.6 | 8.72 | 15.63 | 21.83 | 17.6 | |
| P/B Ratio | 2.63 | 2.86 | 3.78 | 3.22 | 3.83 | |
| PTB ratio | 2.63 | 2.86 | 3.78 | 3.22 | 3.83 | |
| EV to sales | 0.92 | 0.95 | 1.27 | 1.1 | 1.33 | |
| Enterprise value over EBITDA | 8.94 | 10.78 | 13.13 | 10.22 | 11.15 | |
| EV to operating cash flow | 17.77 | 10.37 | 16.96 | 22.42 | 17.06 | |
| EV to free cash flow | 19.85 | 11.12 | 18.15 | 24.81 | 18.48 | |
| Earnings yield | 0.06 | 0.01 | 0.04 | 0.07 | 0.06 | |
| Free cash flow yield | 0.07 | 0.11 | 0.06 | 0.05 | 0.06 | |
| Debt to equity | 1.07 | 1.11 | 0.89 | 0.6 | 0.43 | |
| Debt to assets | 0.41 | 0.41 | 0.36 | 0.28 | 0.23 | |
| Net debt to EBITDA | 2.37 | 2.33 | 1.83 | 1.23 | 0.53 | |
| Current ratio | 2.71 | 2.72 | 2.8 | 2.72 | 3.05 | |
| Interest coverage | 5.73 | 6.1 | 6.72 | 13.36 | 19.09 | |
| Income quality | 1.25 | 12.34 | 1.67 | 0.73 | 0.99 | |
| Dividend Yield | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | |
| Payout ratio | 0.33 | 2.03 | 0.35 | 0.2 | 0.15 | |
| Sales general and administrative to revenue | 0 | 0.22 | 0.21 | 0.2 | 0.18 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.44 | 0.39 | 0.37 | 0.33 | 0.3 | |
| Capex to operating cash flow | -0.11 | -0.07 | -0.07 | -0.1 | -0.08 | |
| Capex to revenue | -0.01 | -0.01 | 0 | 0 | -0.01 | |
| Capex to depreciation | -0.31 | -0.32 | -0.29 | -0.34 | -0.5 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
| Graham number | 44.09 | 17.47 | 44.97 | 67.07 | 87.41 | |
| ROIC | 0.09 | 0.05 | 0.1 | 0.15 | 0.18 | |
| Return on tangible assets | 0.11 | 0.02 | 0.1 | 0.16 | 0.18 | |
| Graham Net | -18.02 | -16.54 | -13.24 | -10.44 | -4.12 | |
| Working capital | 724.34M | 733.69M | 768.88M | 859.9M | 1.11B | |
| Tangible asset value | -133.82M | -40.27M | 92.84M | 335.56M | 644.47M | |
| Net current asset value | -286.53M | -280.24M | -142.69M | 56.3M | 361.91M | |
| Invested capital | 1.07 | 1.11 | 0.89 | 0.6 | 0.43 | |
| Average receivables | 544.86M | 495.45M | 483.16M | 586.38M | 682.41M | |
| Average payables | 247.09M | 211.78M | 197.22M | 233.81M | 280.57M | |
| Average inventory | 434.81M | 418.35M | 375.85M | 406.18M | 475.5M | |
| Days sales outstanding | 56.85 | 50.61 | 58.24 | 62.88 | 58.59 | |
| Days payables outstanding | 35.13 | 29.46 | 33.03 | 35.03 | 35.23 | |
| Days of inventory on hand | 66.27 | 61.54 | 57.52 | 60.72 | 58.52 | |
| Receivables turnover | 6.42 | 7.21 | 6.27 | 5.81 | 6.23 | |
| Payables turnover | 10.39 | 12.39 | 11.05 | 10.42 | 10.36 | |
| Inventory turnover | 5.51 | 5.93 | 6.35 | 6.01 | 6.24 | |
| ROE | 0.16 | 0.03 | 0.16 | 0.22 | 0.24 | |
| Capex per share | -0.49 | -0.52 | -0.41 | -0.47 | -0.69 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q1
| Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 27.58 | 27.48 | 29.31 | 29.97 | 28.3 | |
| Net income per share | 2 | 2.09 | 2.52 | 2.39 | 2.42 | |
| Operating cash flow per share | 0.67 | 1.63 | 1.95 | 4.66 | 1.71 | |
| Free cash flow per share | 0.53 | 1.44 | 1.74 | 4.51 | 1.6 | |
| Cash per share | 3.83 | 4.29 | 4.72 | 8.9 | 9.31 | |
| Book value per share | 31.7 | 33.59 | 35.75 | 37.74 | 39.69 | |
| Tangible book value per share | 10.83 | 12.36 | 14.51 | 16.68 | 18.41 | |
| Share holders equity per share | 31.7 | 33.59 | 35.75 | 37.74 | 39.69 | |
| Interest debt per share | 17.02 | 16.99 | 16.24 | 16.29 | 16.11 | |
| Market cap | 3.96B | 4.86B | 5.49B | 5.6B | 5.98B | |
| Enterprise value | 4.46B | 5.35B | 5.93B | 5.88B | 6.25B | |
| P/E ratio | 12.88 | 15.11 | 14.12 | 15.17 | 15.94 | |
| Price to sales ratio | 3.73 | 4.59 | 4.85 | 4.83 | 5.46 | |
| POCF ratio | 152.63 | 77.32 | 72.98 | 31.11 | 90.37 | |
| PFCF ratio | 194.21 | 87.42 | 81.66 | 32.12 | 96.71 | |
| P/B Ratio | 3.24 | 3.75 | 3.98 | 3.84 | 3.9 | |
| PTB ratio | 3.24 | 3.75 | 3.98 | 3.84 | 3.9 | |
| EV to sales | 4.2 | 5.04 | 5.24 | 5.07 | 5.7 | |
| Enterprise value over EBITDA | 37.29 | 47.67 | 42.26 | 41.94 | 46.83 | |
| EV to operating cash flow | 171.97 | 85.02 | 78.84 | 32.65 | 94.32 | |
| EV to free cash flow | 218.81 | 96.12 | 88.21 | 33.71 | 100.94 | |
| Earnings yield | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
| Free cash flow yield | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | |
| Debt to equity | 0.53 | 0.5 | 0.45 | 0.43 | 0.4 | |
| Debt to assets | 0.26 | 0.26 | 0.24 | 0.23 | 0.23 | |
| Net debt to EBITDA | 4.19 | 4.31 | 3.14 | 1.98 | 1.96 | |
| Current ratio | 3.08 | 3.18 | 3.14 | 3.05 | 3.52 | |
| Interest coverage | 16.44 | 18.25 | 26.59 | 17.25 | 91.42 | |
| Income quality | 0.34 | 0.78 | 0.77 | 1.95 | 0.71 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0.17 | 0.16 | 0.14 | 0.15 | 0.14 | |
| Sales general and administrative to revenue | 0.19 | 0 | 0.18 | 0.18 | 0.19 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.33 | 0.32 | 0.31 | 0.3 | 0.3 | |
| Capex to operating cash flow | -0.21 | -0.12 | -0.11 | -0.03 | -0.07 | |
| Capex to revenue | -0.01 | -0.01 | -0.01 | 0 | 0 | |
| Capex to depreciation | -0.42 | -0.54 | -0.6 | -0.43 | -0.33 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
| Graham number | 37.73 | 39.7 | 44.99 | 45.01 | 46.53 | |
| ROIC | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | |
| Return on tangible assets | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | |
| Graham Net | -9.2 | -8.01 | -6.55 | -4.11 | -2.04 | |
| Working capital | 939.23M | 975.05M | 1.03B | 1.11B | 1.18B | |
| Tangible asset value | 417.22M | 476.82M | 560.29M | 644.47M | 712.54M | |
| Net current asset value | 137.76M | 195.22M | 278.77M | 361.91M | 429.87M | |
| Invested capital | 0.53 | 0.5 | 0.45 | 0.43 | 0.4 | |
| Average receivables | 665.28M | 664.32M | 680.07M | 707.02M | 701.66M | |
| Average payables | 268.34M | 263.82M | 263.22M | 288.85M | 280.74M | |
| Average inventory | 469.96M | 506.56M | 525M | 514.08M | 504.41M | |
| Days sales outstanding | 57.11 | 55.56 | 56.1 | 55.05 | 57.11 | |
| Days payables outstanding | 33.02 | 29.98 | 31.09 | 33.13 | 30.36 | |
| Days of inventory on hand | 58.37 | 62.61 | 59.37 | 55.04 | 59.33 | |
| Receivables turnover | 1.58 | 1.62 | 1.6 | 1.63 | 1.58 | |
| Payables turnover | 2.73 | 3 | 2.89 | 2.72 | 2.96 | |
| Inventory turnover | 1.54 | 1.44 | 1.52 | 1.64 | 1.52 | |
| ROE | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | |
| Capex per share | -0.14 | -0.19 | -0.21 | -0.15 | -0.11 |
AIT Frequently Asked Questions
What is Applied Industrial Technologies, Inc. stock symbol ?
Applied Industrial Technologies, Inc. is a US stock , located in Cleveland of Oh and trading under the symbol AIT
Is Applied Industrial Technologies, Inc. buy or a sell ?
2 stock analysts have 2 predictions with a medium analyst target price of $134.5. The lowest prediction is $129 and the highest is $140
What is AIT stock prediction ?
What is Applied Industrial Technologies, Inc. stock quote today ?
Applied Industrial Technologies, Inc. stock price is $165.83 today.
Is Applied Industrial Technologies, Inc. stock public?
Yes, Applied Industrial Technologies, Inc. is a publicly traded company.
Company Profile
- Volume Average 234.77K
- Market Capitalization 6.4B
- Employee 6.36K
- CEO Mr. Neil A. Schrimsher
- Headquarters Cleveland,OH,US
- IPO Date 1980-03-17
-
Website
https://www.applied.com 
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions 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, 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 equipment repair and technical support services. 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.
