Applied Industrial Technologies Stock Today
| AIT Stock | USD 183.45 0.54 0.29% |
Performance4 of 100
| Odds Of DistressLess than 3
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Applied Industrial is selling for under 183.45 as of the 19th of April 2024; that is -0.29% down since the beginning of the trading day. The stock's last reported lowest price was 182.04. Applied Industrial has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Applied Industrial Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 7th of September 1984 | Category Industrials |
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. The company was founded in 1923 and is headquartered in Cleveland, Ohio. Applied Industrial operates under Industrial Distribution classification in the United States and is traded on New York Stock Exchange. The company has 38.67 M outstanding shares of which 518.94 K shares are presently shorted by investors with about 0.78 days to cover. More on Applied Industrial Technologies
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Applied Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Applied Industrial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Applied Industrial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Neil Schrimsher | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Wholesale (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Trading Companies & Distributors, Industrial Distribution, Industrials, NYSE Composite, Stock Exchange Of, SP Small-Cap 600, SET Total Return, Wholesale, Industrials, Trading Companies & Distributors, Industrial Distribution, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Applied Industrial report their recommendations after researching Applied Industrial's financial statements, talking to executives and customers, or listening in on Applied Industrial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Applied Industrial. The Applied consensus assessment is calculated by taking the average forecast from all of the analysts covering Applied Industrial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Applied Industrial's profitability, liquidity, and operating efficiency, Applied Industrial Technologies is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Applied Industrial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Applied Industrial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Applied Industrial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Applied Industrial's financial leverage. It provides some insight into what part of Applied Industrial's total assets is financed by creditors.
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Applied Industrial Technologies (AIT) is traded on New York Stock Exchange in USA. It is located in 1 Applied Plaza, Cleveland, OH, United States, 44115 and employs 6,365 people. Applied Industrial is listed under Trading Companies & Distributors category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 7.27 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Applied Industrial's market, we take the total number of its shares issued and multiply it by Applied Industrial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Applied Industrial runs under Trading Companies & Distributors sector within Industrials industry. The entity has 38.67 M outstanding shares of which 518.94 K shares are presently shorted by investors with about 0.78 days to cover.
Applied Industrial Technologies has about 344.04 M in cash with 343.97 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.83.
Check Applied Industrial Probability Of Bankruptcy
Ownership AllocationApplied Industrial holds a total of 38.67 Million outstanding shares. The majority of Applied Industrial Technologies outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Applied Industrial to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Applied Industrial. Please pay attention to any change in the institutional holdings of Applied Industrial Technologies as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Applied Ownership Details
Applied Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Applied Industrial jumping above the current price in 90 days from now is about 66.32%. The Applied Industrial Technologies probability density function shows the probability of Applied Industrial stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.5852. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Applied Industrial will likely underperform. Additionally, applied Industrial Technologies has an alpha of 0.0463, implying that it can generate a 0.0463 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Applied Industrial to move above the current price in 90 days from now is about 66.32 (This Applied Industrial Technologies probability density function shows the probability of Applied Stock to fall within a particular range of prices over 90 days) .
Applied Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Applied Industrial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Applied Industrial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Applied Industrial's value.| Instituion | Recorded On | Shares | |
| Capital Research Global Investors | 2023-12-31 | 559.6 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 559 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 523.6 K | |
| Fiduciary Management, Inc. Of Milwaukee | 2023-12-31 | 519.2 K | |
| Fuller & Thaler Asset Management Inc | 2023-12-31 | 517.9 K | |
| Allspring Global Investments Holdings, Llc | 2023-12-31 | 508.9 K | |
| Ameriprise Financial Inc | 2023-12-31 | 470.1 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 434 K | |
| Palisade Capital Management Llc | 2023-12-31 | 432.6 K | |
| Blackrock Inc | 2023-12-31 | 6.2 M | |
| Vanguard Group Inc | 2023-12-31 | 5.1 M |
Applied Industrial Historical Income Statement
Applied Industrial Technologies Income Statement is one of the three primary financial statements used for reporting Applied's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Applied Industrial revenue and expense. Applied Industrial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Applied Industrial's EBITDA is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 3.8 B in 2024, whereas Interest Income is likely to drop slightly above 12.8 M in 2024. View More FundamentalsApplied Stock Against Markets
Picking the right benchmark for Applied Industrial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Applied Industrial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Applied Industrial is critical whether you are bullish or bearish towards Applied Industrial Technologies at a given time. Please also check how Applied Industrial's historical prices are related to one of the top price index indicators.
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Applied Industrial Corporate Directors
Applied Industrial corporate directors refer to members of an Applied Industrial board of directors. The board of directors generally takes responsibility for the Applied Industrial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Applied Industrial's board members must vote for the resolution. The Applied Industrial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ryan Cieslak | Director of Investor Relations and Treasury | Profile | |
| Vincent Petrella | Independent Director | Profile | |
| Mary Hall | Independent Director | Profile | |
| Thomas Hiltz | Independent Director | Profile |
How to buy Applied Stock?
Before investing in Applied Industrial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Applied Industrial. To buy Applied Industrial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Applied Industrial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Applied Industrial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Applied Industrial Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Applied Industrial Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Applied Industrial Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Applied Stock please use our How to Invest in Applied Industrial guide.
Already Invested in Applied Industrial Technologies?
The danger of trading Applied Industrial Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Applied Industrial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Applied Industrial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Applied Industrial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Applied Industrial is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Applied Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Applied Industrial Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Applied Industrial Technologies Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applied Industrial Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Applied Stock analysis
When running Applied Industrial's price analysis, check to measure Applied Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.
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Is Applied Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Applied Industrial. If investors know Applied will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Applied Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.132 | Dividend Share 1.4 | Earnings Share 9.53 | Revenue Per Share 115.377 | Quarterly Revenue Growth 0.016 |
The market value of Applied Industrial is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Industrial's value that differs from its market value or its book value, called intrinsic value, which is Applied Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Applied Industrial's market value can be influenced by many factors that don't directly affect Applied Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Applied Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.