Applied Industrial Technologies
About: 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.
Employees: 6,549
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
33% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 51
12% more capital invested
Capital invested by funds: $7.03B [Q2] → $7.88B (+$855M) [Q3]
4% more funds holding
Funds holding: 422 [Q2] → 439 (+17) [Q3]
1.61% less ownership
Funds ownership: 93.76% [Q2] → 92.15% (-1.61%) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 168
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
22% less call options, than puts
Call options by funds: $17.9M | Put options by funds: $22.8M
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Oppenheimer Christopher Glynn 81% 1-year accuracy 21 / 26 met price target | 15%upside $305 | Outperform Maintained | 14 Nov 2024 |
Loop Capital Chris Dankert 100% 1-year accuracy 10 / 10 met price target | 1%upside $270 | Buy Maintained | 28 Oct 2024 |
Raymond James Sam Darkatsh 100% 1-year accuracy 6 / 6 met price target | 6%downside $250 | Outperform Maintained | 25 Oct 2024 |
B of A Securities Sabrina Abrams 50% 1-year accuracy 1 / 2 met price target | 10%downside $240 | Neutral Maintained | 25 Oct 2024 |
Keybanc Steve Barger 22% 1-year accuracy 5 / 23 met price target | 3%upside $275 | Overweight Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 10 articles about AIT published over the past 30 days
