Applied Industrial Techs 주식 (NYSE: AIT)

에 대한 최신 뉴스 Applied Industrial Techs (NYSE:AIT) 주식

Applied Industrial Techs

Applied Industrial

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.

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매주, ‘벤징가의 스톡 위스퍼 지수(Benzinga&#39;s Stock Whisper Index)&#39;는 독점 데이터(proprietary data)와 패턴 인식의 조합을 사용하여 표면 바로 아래에서 주목을 받을 만한 주식 5종목을 소개한다. 투자자들은 가치가 저평가된, 관심이 적은, 새로운 주식들을 항상 찾고 있다. 소매 거래자들이 사용할 수 있는 방법은 무수히 많기 때문에 새로운 기회를 발견하고 특정 주식이 관심을 가져야 하는 이유를 이해하기 위해 풍부한 정보를 조사하는 것이 어려운 경우가 많다.

벤징가의 &#39;스톡 위스퍼&#39; 지수: 인스메드, 인튜이티브 서지컬, 뮬러 인더스트리즈 및 2종목

Applied Industrial Technologies, Inc. Common Stock

Applied Industrial Technologies Inc

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Providing a diverse range of perspectives from bullish to bearish, 12 analysts have published ratings on Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">9</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Applied Industrial Techs, revealing an average target of $253.92, a high estimate of $305.00, and a low estimate of $210.00. This upward trend is evident, with the current average reflecting a 11.1% increase from the previous average price target of $228.56.
<img src="https://www.benzinga.com/files/images/story/2024/1731610903_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Applied Industrial Techs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Glynn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$305.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$270.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Sam Darkatsh</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Sabrina Abrams</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$240.00</td>
<td>$232.00</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Christopher Glynn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$260.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$285.00</td>
<td>-</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Sabrina Abrams</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$232.00</td>
<td>-</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$245.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Sam Darkatsh</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$225.00</td>
<td>-</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$210.00</td>
<td>$205.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Applied Industrial Techs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Applied Industrial Techs compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Applied Industrial Techs's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Applied Industrial Techs's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AIT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Applied Industrial Techs analyst ratings.</a>
<h2>All You Need to Know About Applied Industrial Techs</h2>
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.
<h3>Applied Industrial Techs's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Applied Industrial Techs's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 0.34%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Applied Industrial Techs's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 8.38%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Applied Industrial Techs's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.35%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Applied Industrial Techs's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.09% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.34, Applied Industrial Techs adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Scoreboard: 12 Ratings For Applied Industrial Techs

Applied Industrial Techs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) short percent of float has fallen 5.61% since its last report. The company recently reported that it has 541 thousand shares sold short, which is 2.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.08 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Applied Industrial Techs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731606310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Applied Industrial Techs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Applied Industrial Techs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Applied Industrial Techs's peer group average for short interest as a percentage of float is 5.45%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Applied Industrial Techs's Recent Short Interest

Oppenheimer analyst Christopher Glynn maintains Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Outperform and raises the price target from $260 to $305.

News

Price Target

Oppenheimer Maintains Outperform on Applied Industrial Techs, Raises Price Target to $305

Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/top-stories/24/11/41718416/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-october-2024-where-do-tesla-nvidia-apple-d" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In October 2024 — Where Do Tesla, Nvidia, Apple, DJT Stock Rank?</a>
Here's a look at the Benzinga Stock Whisper Index for the week of Nov. 8:
Insmed Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>): The biopharmaceutical company saw increased interest from investors over the week, which comes after the company <a href="https://investor.insmed.com/2024-10-31-Insmed-Reports-Third-Quarter-2024-Financial-Results-and-Provides-Business-Update">reported </a>third-quarter financial results and provided a company update in late October. The company said ARIKAYCE had revenue of $93.4 million in the quarter, up 18% year-over-year. 
Insmed also said its NDA submission for Brensocatib in Bronchiectasis is on track for the fourth quarter and is expected to launch in the U.S. in mid-2025. 
H.C. Wainwright reiterated a Buy rating and $90 price target on the stock <a href="https://www.benzinga.com/quote/INSM/analyst-ratings">after the quarterly results</a>. Truist reiterated a Buy rating and raised the price target from $100 to $105. Investor interest could increase in the coming weeks with the company scheduled to participate in several conferences including ones from Guggenheim (Nov. 11), UBS Global (Nov. 12), Wolfe Research (Nov. 20) and Jefferies (Nov. 21).
Insmed shares were up over 8% in the last five trading days, as seen on the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below, and are up over 140% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135456/Screenshot-234.png" alt="" class="wp-image-638350" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135456/Screenshot-234.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135456/Screenshot-234-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135456/Screenshot-234-768x389.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Applied Industrial Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>): The industrial company was one of several in the sector to see strong interest from readers, which could be related to Donald Trump winning<a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election"> the 2024 election.</a> Industrials were a top performing sector under <a href="https://www.benzinga.com/general/politics/24/11/41783357/how-did-s-p-500-sectors-perform-during-trumps-first-term-could-this-time-be-different">Trump&#8217;s previous four years</a> in the White House. 
The company also recently <a href="https://ir.applied.com/news/news-details/2024/Applied-Industrial-Technologies-Reports-Fiscal-2025-First-Quarter-Results/default.aspx">reported </a>first-quarter financial results with earnings per share of $2.36 and revenue of $1.10 billion, beating Street consensus estimates of $2.27 and $1.09 billion respectively. Applied Industrial also increased its fiscal 2025 earnings per share guidance to a range of $9.25 to $10.00, up from prior guidance of $9.20 to $9.95 and ahead of a Street estimate of $9.39. 
Analysts <a href="https://www.benzinga.com/quote/AIT/analyst-ratings">raised their price targets</a> on the stock after the quarterly results. The stock was up over 15% in the last five trading days and is up over 50% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135510/Screenshot-236.png" alt="" class="wp-image-638351" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135510/Screenshot-236.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135510/Screenshot-236-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135510/Screenshot-236-768x388.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Sprouts Farmers Market (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>): The specialty grocery retailer saw strong interest from Benzinga readers during the week, which comes after <a href="https://investors.sprouts.com/news/news-details/2024/Sprouts-Farmers-Market-Inc.-Reports-Third-Quarter-2024-Results/default.aspx">recent </a>quarterly results and with shares trading at 52-week highs. The company's third-quarter earnings per share of 91 cents and revenue of $1.90 billion beat Street estimates of 76 cents per share and $1.88 billion respectively.
The company said the third quarter was exceptional and CEO Jack Sinclair highlighted "robust traffic growth." Same store sales were up 8.4% in the third quarter. The company opened nine new stores, ending the quarter with 428 stores in 23 states. 
Goldman Sachs recently <a href="https://www.benzinga.com/quote/SFM/analyst-ratings">maintained a Buy rating </a>on the stock and raised the price target from $127 to $159. Wells Fargo maintained an Equal-Weight rating on the stock and raised the price target from $90 to $130. 
The stock was up over 10% over the last five trading days, and shares are up over 190% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135528/Screenshot-237.png" alt="" class="wp-image-638353" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135528/Screenshot-237.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135528/Screenshot-237-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135528/Screenshot-237-768x388.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>): The medical devices company saw strong interest from readers over the last week, with shares trading at 52-week highs Friday. 
The company recently reported <a href="https://www.benzinga.com/news/earnings/24/10/41391471/intuitive-surgical-stock-pops-on-q3-earnings-beat-da-vinci-procedures-climb-18-regulatory-clearance">third-quarter financial results </a>with revenue of $2.04 billion beating a Street consensus estimate of $2.0 billion and earnings per share of $1.84 beating a Street consensus estimate of $1.63. Intuitive Surgical reported revenue growth of 17% year-over-year in the quarter, with worldwide da Vinci procedures up 18% year-over-year. 
The company also placed 379 da Vinci systems in the quarter, up from 312 in the prior quarter. There are 9,539 installed da Vinci surgical systems as of the end of the quarter. Intuitive obtained regulatory clearance for the da Vinci 5 surgical system in South Korea in October. 
The earnings report saw several<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406234/intuitive-surgical-posts-q3-earnings-beat-these-analysts-raise-forecasts-on-dv5-upt"> analysts raise their price targets </a>on the stock. Analysts see the company's updated da Vinci 5 system, which can be used for more types of surgeries as a growth catalyst moving forward. Shares of Intuitive Surgical were up around six percent in the last five days and are up over 60% year-to-date.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135542/Screenshot-238.png" alt="" class="wp-image-638354" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135542/Screenshot-238.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135542/Screenshot-238-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135542/Screenshot-238-768x387.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>): The industrials company was another in the sector that saw increased interest and a soaring stock price, potential from Trump's 2024 election win. The company recently <a href="https://ir.muellerindustries.com/news/press-releases/detail/178/mueller-industries-inc-reports-third-quarter-2024-earnings">reported </a>third-quarter net sales of $997.8 million, beating a Street consensus estimate of $936.0 million and quarterly earnings per share of $1.48, which beat a Street estimate of $1.32. Mueller Industries said the revenue growth came from recently acquired businesses and higher copper prices in the quarter.
"We anticipated that declining interest rates and moderating inflation, combined with the resolution of election related uncertainty, will create a more stable and favorable environment for us," Mueller CEO Greg Christopher said.
The stock was up 13% over the last five days and is up over 100% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="508" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135559/Screenshot-240.png" alt="" class="wp-image-638355" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135559/Screenshot-240.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135559/Screenshot-240-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135559/Screenshot-240-768x392.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
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Shares of industrial distribution companies are trading higher. Investors may be weighing the potential impact of Donald Trump's policies on the sector.

Loop Capital analyst Chris Dankert maintains Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Buy and raises the price target from $230 to $270.

Loop Capital Maintains Buy on Applied Industrial Techs, Raises Price Target to $270

In the last three months, 12 analysts have published ratings on Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $243.08, a high estimate of $285.00, and a low estimate of $210.00. This current average reflects an increase of 9.83% from the previous average price target of $221.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1729886439_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Applied Industrial Techs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sam Darkatsh</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Sabrina Abrams</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$240.00</td>
<td>$232.00</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Christopher Glynn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$260.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$285.00</td>
<td>-</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Sabrina Abrams</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$232.00</td>
<td>-</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$245.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Sam Darkatsh</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$225.00</td>
<td>-</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$210.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Ken Newman</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$230.00</td>
<td>$215.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Applied Industrial Techs. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Applied Industrial Techs compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Applied Industrial Techs's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Applied Industrial Techs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AIT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Applied Industrial Techs analyst ratings.</a>
<h2>About Applied Industrial Techs</h2>
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.
<h3>Understanding the Numbers: Applied Industrial Techs's Finances</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Applied Industrial Techs's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 0.22%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Applied Industrial Techs's net margin is impressive, surpassing industry averages. With a net margin of 8.92%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Applied Industrial Techs's ROE excels beyond industry benchmarks, reaching 6.16%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Applied Industrial Techs's ROA stands out, surpassing industry averages. With an impressive ROA of 3.56%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Applied Industrial Techs's debt-to-equity ratio is below the industry average at 0.35, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 12 Analyst Ratings For Applied Industrial Techs

Raymond James analyst Sam Darkatsh maintains Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Outperform and raises the price target from $225 to $250.

Raymond James Maintains Outperform on Applied Industrial Techs, Raises Price Target to $250

B of A Securities analyst Sabrina Abrams maintains Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Neutral and raises the price target from $232 to $240.

B of A Securities Maintains Neutral on Applied Industrial Techs, Raises Price Target to $240

Keybanc analyst Steve Barger maintains Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Overweight and raises the price target from $245 to $275.

Keybanc Maintains Overweight on Applied Industrial Techs, Raises Price Target to $275

Oppenheimer analyst Christopher Glynn maintains Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Outperform and raises the price target from $235 to $260.

Oppenheimer Maintains Outperform on Applied Industrial Techs, Raises Price Target to $260

Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) has outperformed the market over the past 5 years by 18.43% on an annualized basis producing an average annual return of 32.39%. Currently, Applied Industrial Techs has a market capitalization of $8.92 billion. 
Buying $1000 In AIT: If an investor had bought $1000 of AIT stock 5 years ago, it would be worth $4,098.02 today based on a price of $231.97 for AIT at the time of writing.
<h3>Applied Industrial Techs's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729864811_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $4,100 Today

Applied Industrial Technologies shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY25 EPS guidance.

The Company is maintaining guidance for sales of down 2.5% to up 2.5% including down 4.0% to up 1.0% on an organic daily basis, as well as EBITDA margins of 12.1% to 12.3%.

Earnings

Guidance

General

Applied Industrial Technologies Revises Fiscal 2025 EPS Guidance To $9.25-$10.00 Compared To Prior Guidance Of $9.20-$9.95 And Consensus Of $9.39

Applied Industrial Q1 2025 GAAP EPS $2.36 Beats $2.27 Estimate, Sales $1.099B Beat $1.090B Estimate

Applied Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Applied Industrial to report an earnings per share (EPS) of $2.27.
Investors in Applied Industrial are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat EPS by $0.13, which was followed by a 0.76% increase in the share price the next day.
Here's a look at Applied Industrial's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.51</td>
<td>2.40</td>
<td>2.11</td>
<td>2.09</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.64</td>
<td>2.48</td>
<td>2.24</td>
<td>2.39</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>1.0%</td>
<td>0.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729695672_0.png" alt="eps graph" />
<h3>Applied Industrial Share Price Analysis</h3>
Shares of Applied Industrial were trading at $226.23 as of October 22. Over the last 52-week period, shares are up 45.91%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analysts' Perspectives on Applied Industrial</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Applied Industrial.
The consensus rating for Applied Industrial is Outperform, derived from 8 analyst ratings. An average one-year price target of $236.5 implies a potential 4.54% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Core &amp; Main, WESCO Intl and SiteOne Landscape Supply, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Core &amp; Main is maintaining an Outperform status according to analysts, with an average 1-year price target of $49.55, indicating a potential 78.1% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for WESCO Intl, with an average 1-year price target of $187.86, indicating a potential 16.96% downside.</li>
<li>SiteOne Landscape Supply received a Neutral consensus from analysts, with an average 1-year price target of $159.33, implying a potential 29.57% downside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
Within the peer analysis summary, vital metrics for Core &amp; Main, WESCO Intl and SiteOne Landscape Supply are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Applied Industrial Techs</td>
<td>Outperform</td>
<td>0.22%</td>
<td>$356.24M</td>
<td>6.16%</td>
</tr>
<tr>
<td>Core &amp; Main</td>
<td>Outperform</td>
<td>5.53%</td>
<td>$518M</td>
<td>7.41%</td>
</tr>
<tr>
<td>WESCO Intl</td>
<td>Neutral</td>
<td>-4.63%</td>
<td>$1.20B</td>
<td>4.42%</td>
</tr>
<tr>
<td>SiteOne Landscape Supply</td>
<td>Neutral</td>
<td>4.45%</td>
<td>$510.30M</td>
<td>7.88%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Applied Industrial Techs is positioned at the top for Revenue Growth and Gross Profit among its peers. It is in the middle for Consensus and Return on Equity compared to its peers.
<h3>Discovering Applied Industrial: A Closer Look</h3>
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.
<h3>Financial Milestones: Applied Industrial's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Applied Industrial displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 0.22%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Applied Industrial's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.92%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Applied Industrial's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.16%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.56%, the company showcases effective utilization of assets.
Debt Management: Applied Industrial's debt-to-equity ratio is below the industry average at 0.35, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/AIT/earnings">To track all earnings releases for Applied Industrial visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Applied Industrial's Future Earnings

Mizuho analyst Brett Linzey initiates coverage on Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Outperform rating and announces Price Target of $285.

Initiation

Mizuho Initiates Coverage On Applied Industrial Techs with Outperform Rating, Announces Price Target of $285

Baird analyst David Manthey maintains Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Outperform and raises the price target from $210 to $250.

Baird Maintains Outperform on Applied Industrial Techs, Raises Price Target to $250

Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) has outperformed the market over the past 15 years by 5.83% on an annualized basis producing an average annual return of 17.49%. Currently, Applied Industrial Techs has a market capitalization of $8.54 billion. 
Buying $1000 In AIT: If an investor had bought $1000 of AIT stock 15 years ago, it would be worth $11,341.16 today based on a price of $222.06 for AIT at the time of writing.
<h3>Applied Industrial Techs's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728399623_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Applied Industrial Techs 15 Years Ago Would Be Worth Today

6 analysts have expressed a variety of opinions on Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Applied Industrial Techs, presenting an average target of $226.17, a high estimate of $245.00, and a low estimate of $210.00. Surpassing the previous average price target of $211.25, the current average has increased by 7.06%.
<img src="https://www.benzinga.com/files/images/story/2024/1728306008_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Applied Industrial Techs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sabrina Abrams</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$232.00</td>
<td>-</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$245.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Sam Darkatsh</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$225.00</td>
<td>-</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$210.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Ken Newman</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$230.00</td>
<td>$215.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Applied Industrial Techs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Applied Industrial Techs compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Applied Industrial Techs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Applied Industrial Techs's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AIT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Applied Industrial Techs analyst ratings.</a>
<h2>About Applied Industrial Techs</h2>
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.
<h3>Unraveling the Financial Story of Applied Industrial Techs</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Applied Industrial Techs displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 0.22%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Applied Industrial Techs's net margin is impressive, surpassing industry averages. With a net margin of 8.92%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.16%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Applied Industrial Techs's ROA stands out, surpassing industry averages. With an impressive ROA of 3.56%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Applied Industrial Techs's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.35.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

6 Analysts Have This To Say About Applied Industrial Techs

Applied Industrial Technologies ( ($AIT) ) just unveiled an announcement. Richard M. Wagner will become the principal accounting officer of Applied...

Applied Industrial Technologies Appoints New Principal Accounting Officer

Loop Capital raised the firm's price target on Applied Industrial Technologies (AIT) to $270 from $230 and keeps a Buy rating on the shares. AIT is...

Applied Industrial Technologies price target raised to $270 from $230 at Loop Capital

The infrastructure industry is poised for an unprecedented boom, presenting a wealth of investment opportunities. With a robust pipeline of projects, substantial funding is now available to address the infrastructure gap. Against this backdrop, Parker-Hannifin (PH), Owens Corning (OC), and Applied Industrial Technologies (AIT) seem buys. Continue to read… The infrastructure industry has been on a steady rise in recent years. Fueled by decreasing mortgage levels, increasing global spending, technological advancements, and government intervention, the industry shows no sign of stopping.
Amid this backdrop, investors could scoop up shares of fundamentally stable infrastructure stocks, Parker-Hannifin Corporation (<a href="https://stocknews.com/stock/PH/">PH</a>), Owens Corning (<a href="https://stocknews.com/stock/OC/">OC</a>), and Applied Industrial Technologies, Inc. (<a href="https://stocknews.com/stock/AIT/">AIT</a>). These stocks are set to benefit from rising global spending and could give exciting profits to investors.
The infrastructure sector is poised to benefit significantly from current market dynamics. With mortgage levels dropping to their <a href="https://www.forbes.com/advisor/mortgages/mortgage-rates/">lowest in nearly 15 months</a>, the demand for housing has been on the rise. Additionally, the Federal Reserve's interest rate cut in September could enhance the industry's growth prospects.
Moreover, the industry's <a href="https://assets.kpmg.com/content/dam/kpmg/ie/pdf/2024/01/ie-emerging-trends-infra-2024-main-report.pdf">embrace of digital innovation</a> is set to redefine its future. The increasing adoption of digital twins for asset management and design reflects a commitment to transformation. The shift signifies that the infrastructure sector is actively adapting to modern demands.
Furthermore, the Biden-Harris Administration's announcement of <a href="https://thehill.com/homenews/administration/4739630-biden-administration-grants-infrastructure/">$1.8 billion in grants</a> for 148 infrastructure projects across the United States illustrates the government's commitment to revitalizing this vital sector. The funding could impact various states and support the development of essential infrastructure in the coming years.
In line with this, Mordor Intelligence forecasts the infrastructure sector to expand to $3.69 trillion by 2029, growing at a <a href="https://www.mordorintelligence.com/industry-reports/infrastructure-sector/market-size">CAGR of 6.3%</a>. The projected growth underscores the immense opportunities available to investors willing to engage with this dynamic and evolving market.
Now, let us dive deep into the fundamentals of three infrastructure stocks that are benefitting from the positive industry dynamics, starting with #3.
Stock #3: Parker-Hannifin Corporation (<a href="https://stocknews.com/stock/PH/">PH</a>)
PH manufactures and sells motion and control technologies for mobile, industrial, and aerospace markets. The company operates through two segments: Diversified Industrial and Aerospace Systems. It provides products to original equipment manufacturers, distributors, direct sales employees, and more.
On July 29, PH <a href="https://investors.parker.com/news-events/press-releases/detail/461/parker-agrees-to-sell-north-america-composites-fuel">announced the signing of an agreement</a> to divest its North America Composites and Fuel Containment (CFC) Division to SK Capital Partners, a private investment firm. By divesting this division, PH can allocate resources more effectively toward high-growth segments.
For the fiscal 2025 first quarter that ended September 30, 2024, PH's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased 1.2% year-over-year to $4.90 billion. Its adjusted net income attributable to common shareholders and adjusted earnings per share grew 4.3% and 4% from the year-ago value to $809.79 million and $6.20, respectively.
As of September 30, 2024, PH's total current assets amounted to $7.03 billion, compared to $6.80 billion on June 30, 2024.
Analysts expect PH's revenue for the fiscal 2025 second quarter (ending December 2024) to increase marginally year-over-year to $4.86 billion. Its EPS is expected to grow 2.9% from the prior year's period to $6.33. Moreover, the company topped the revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of PH have surged 36.5% over the past nine months and 71.9% over the past year to close the last trading session at $634.07.
PH's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
PH has an A grade for Sentiment and a B for Stability and Quality. It is ranked #23 out of 86 stocks in the <a href="https://stocknews.com/category/industrial-equipment/">Industrial – Equipment</a> industry.
To check the stock's ratings for Growth, Value, and Momentum <a href="https://stocknews.com/stock/PH/">click here</a>.
Stock #2: Owens Corning (<a href="https://stocknews.com/stock/OC/">OC</a>)
OC develops, manufactures, and markets insulation, roofing, and fiberglass composites. This company has maintained its Fortune 500&#xAE; status for 69 consecutive years. It creates solutions that save energy and enhance comfort in commercial and residential buildings. OC operates in three segments: Roofing; Insulation; and Composites.
On May 15, OC <a href="https://newsroom.owenscorning.com/all-news-releases/news-details/2024/Owens-Corning-Completes-Acquisition-of-Masonite-Strengthening-Leadership-in-Building-and-Construction-Materials/default.aspx">announced the completion of its acquisition</a> of Masonite International Corporation, a global provider of interior and exterior doors and door systems for an approximate transaction value of $3.9 billion. By integrating Masonite's extensive portfolio, OC can leverage new growth opportunities and expand its customer base.
For the fiscal 2024 second quarter that ended June 30, OC's net sales increased 8.8% year-over-year to $2.79 billion. Its adjusted EBITDA rose 11.7% from the year-ago value to $742 million.
Moreover, the company's adjusted earnings and adjusted EPS attributable to OC common stockholders grew 5.2% and 9.2% from the previous year's quarter to $408 million and $4.64, respectively.
Street expects OC's revenue and EPS for the fiscal year ending December 2024 to increase 14.3% and 7% year-over-year to $11.06 billion and $15.42, respectively. Moreover, the company topped the consensus EPS estimates in each of the four trailing quarters, which is impressive.
Shares of OC have surged 16.7% over the past nine months and 55.9% over the past year to close the last trading session at $176.79.
OC's solid prospects are projected in its POWR Ratings. OC has an A grade for Momentum. It is ranked #19 out of 44 stocks within the B-rated <a href="https://stocknews.com/category/industrial-building-materials/">Industrial – Building Materials</a> industry.
<a href="https://stocknews.com/stock/OC/">Click here</a> to see OC's ratings for Growth, Value, Sentiment, Quality, and Stability.
Stock #1: Applied Industrial Technologies, Inc. (<a href="https://stocknews.com/stock/AIT/">AIT</a>)
AIT operates as a value-added distributor and technical solutions provider for industrial motion, fluid power, flow control, and automation technologies. The company supplies related maintenance products. It operates through two segments: Service Center Based Distribution and Engineered Solutions.
On May 6, AIT <a href="https://ir.applied.com/news/news-details/2024/Applied-Industrial-Technologies-Announces-Closing-of-Grupo-Kopar-Acquisition/default.aspx">announced the closing of its acquisition</a> of Grupo Kopar, a Mexico-based provider of emerging automation technologies and engineered solutions. The strategic acquisition could position AIT to enhance its technological capabilities and broaden its service offerings in the automation sector.
For the fiscal 2025 first quarter that ended September 30, 2024, AIT's net sales marginally increased year-over-year to $1.10 billion. Its operating income came in at $113.17 million. Additionally, the company's net income and net income per share came in at $92.06 million and $2.36, respectively.
The consensus revenue estimate of $4.53 billion for the fiscal year ending June 2025 reflects a rise of 1.1% year-over-year. Its EPS for the same period is expected to rise marginally from the prior year to $9.76. Moreover, the company topped the consensus EPS estimates in each of the trailing four quarters.
Shares of AIT have surged 26.4% over the past six months and 50.9% over the past year to close the last trading session at $231.59.
AIT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Sentiment and Quality. It is ranked #25 out of 86 stocks in the Industrial – Equipment industry.
<a href="https://stocknews.com/stock/AIT/">Click here</a> to check out AIT's ratings for Growth, Value, Momentum, and Stability.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
PH shares rose $7.14 (+1.13%) in premarket trading Friday. Year-to-date, PH has gained 38.82%, versus a 20.76% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/ph-oc-ait-3-infrastructure-stocks-to-buy-as-global-spending-soars/>3 Infrastructure Stocks to Buy as Global Spending Soars</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Infrastructure Stocks to Buy as Global Spending Soars

Shares soar among industrial distributors after Trump victory

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Analysts Offer Insights on Industrial Goods Companies: Mercury Systems (MRCY), Expeditors International (EXPD) and Applied Industrial Technologies (AIT)

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Press Releases

Applied Industrial Technologies to Report Third Quarter Earnings and Conduct Conference Call on April 25, 2024

Applied Industrial Technologies Reports Fiscal 2024 Third Quarter Results and Announces Strategic Automation Acquisition

Applied Industrial Technologies Announces Closing of Grupo Kopar Acquisition

Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting Date

Applied Industrial Technologies to Report Fiscal Fourth Quarter Earnings and Conduct Conference Call on August 15, 2024

Applied Industrial Technologies Elects New Board Member

Applied Industrial Technologies Reports Fiscal 2024 Fourth Quarter and Full-Year Results; Issues Guidance for Fiscal 2025

Applied Industrial Technologies Releases 2024 Environmental, Social, and Governance (ESG) Report

Applied Industrial Technologies to Report Fiscal First Quarter Earnings and Conduct Conference Call on October 24, 2024

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Applied Industrial Techs

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사람들이 또한 지켜본다

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