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: 6,916
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
176% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 34
27% more call options, than puts
Call options by funds: $35.8M | Put options by funds: $28.1M
25% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]
23% more repeat investments, than reductions
Existing positions increased: 185 | Existing positions reduced: 151
11% more funds holding
Funds holding: 445 [Q3] → 492 (+47) [Q4]
5% more capital invested
Capital invested by funds: $8.17B [Q3] → $8.61B (+$438M) [Q4]
2.0% less ownership
Funds ownership: 95.49% [Q3] → 93.49% (-2.0%) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keybanc Ken Newman 40% 1-year accuracy 6 / 15 met price target | 18%upside $275 | Overweight Maintained | 17 Mar 2025 |
Baird David Manthey 38% 1-year accuracy 15 / 40 met price target | 18%upside $275 | Outperform Maintained | 30 Jan 2025 |
Raymond James Sam Darkatsh 25% 1-year accuracy 2 / 8 met price target | 14%upside $265 | Outperform Reiterated | 30 Jan 2025 |
Financial journalist opinion
