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Applied Industrial Technologies, Inc is an industrial distribution business based in the US. Applied Industrial Technologies shares (AIT) are listed on the NYSE and all prices are listed in US Dollars. Applied Industrial Technologies employs 6,200 staff and has a trailing 12-month revenue of around USD$3.2 billion.
Since the stock market crash in March caused by coronavirus, Applied Industrial Technologies's share price has had significant negative movement.
Its last market close was USD$62, which is 7.59% down on its pre-crash value of USD$67.09 and 102.22% up on the lowest point reached during the March crash when the shares fell as low as USD$30.66.
If you had bought USD$1,000 worth of Applied Industrial Technologies shares at the start of February 2020, those shares would have been worth USD$551.63 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$944.26.
|Latest market close||USD$62|
|52-week range||USD$30.66 - USD$70.62|
|50-day moving average||USD$57.9279|
|200-day moving average||USD$58.0367|
|Wall St. target price||USD$75|
|Dividend yield||USD$1.28 (2.05%)|
|Earnings per share (TTM)||USD$0.62|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-13)||3.21%|
|1 month (2020-09-18)||11.01%|
|3 months (2020-07-20)||-1.99%|
|6 months (2020-04-20)||32.96%|
|1 year (2019-10-18)||11.27%|
|2 years (2018-10-19)||-11.11%|
|3 years (2017-10-20)||-5.56%|
|5 years (2015-10-20)||53.43%|
Valuing Applied Industrial Technologies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Applied Industrial Technologies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Applied Industrial Technologies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 101x. In other words, Applied Industrial Technologies shares trade at around 101x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Applied Industrial Technologies's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.71. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Applied Industrial Technologies's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Applied Industrial Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$291.9 million.
The EBITDA is a measure of a Applied Industrial Technologies's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$3.2 billion|
|Operating margin TTM||7.06%|
|Gross profit TTM||USD$941.6 million|
|Return on assets TTM||6.21%|
|Return on equity TTM||2.76%|
|Market capitalisation||USD$2.4 billion|
TTM: trailing 12 months
There are currently 428,634 Applied Industrial Technologies shares held short by investors – that's known as Applied Industrial Technologies's "short interest". This figure is 11.8% down from 486,085 last month.
There are a few different ways that this level of interest in shorting Applied Industrial Technologies shares can be evaluated.
Applied Industrial Technologies's "short interest ratio" (SIR) is the quantity of Applied Industrial Technologies shares currently shorted divided by the average quantity of Applied Industrial Technologies shares traded daily (recently around 215393.96984925). Applied Industrial Technologies's SIR currently stands at 1.99. In other words for every 100,000 Applied Industrial Technologies shares traded daily on the market, roughly 1990 shares are currently held short.
However Applied Industrial Technologies's short interest can also be evaluated against the total number of Applied Industrial Technologies shares, or, against the total number of tradable Applied Industrial Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Applied Industrial Technologies's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Applied Industrial Technologies shares in existence, roughly 10 shares are currently held short) or 0.0155% of the tradable shares (for every 100,000 tradable Applied Industrial Technologies shares, roughly 16 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Applied Industrial Technologies.
Find out more about how you can short Applied Industrial Technologies stock.
Dividend payout ratio: 33.33% of net profits
Recently Applied Industrial Technologies has paid out, on average, around 33.33% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.05% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Applied Industrial Technologies shareholders could enjoy a 2.05% return on their shares, in the form of dividend payments. In Applied Industrial Technologies's case, that would currently equate to about $1.28 per share.
While Applied Industrial Technologies's payout ratio might seem fairly standard, it's worth remembering that Applied Industrial Technologies may be investing much of the rest of its net profits in future growth.
Applied Industrial Technologies's most recent dividend payout was on 31 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 13 August 2020 (the "ex-dividend date").
Applied Industrial Technologies's shares were split on a 3:2 basis on 16 June 2006. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Applied Industrial Technologies shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Applied Industrial Technologies shares which in turn could have impacted Applied Industrial Technologies's share price.
Over the last 12 months, Applied Industrial Technologies's shares have ranged in value from as little as $30.66 up to $70.62. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Applied Industrial Technologies's is 1.3927. This would suggest that Applied Industrial Technologies's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in 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, machinery and robotics automation products, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and offers motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, as well as other related supplies for general operational needs of customers' machinery and equipment. 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 offers equipment repair and technical support services. It offers 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, mining, oil and gas, primary metals, transportation, and utilities, as well as to government entities. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.
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