Applied Industrial Technologies (AIT)

• Market cap: $9.43B
• 1 day: -6.86%
• 5 days: -6.61%
• 1 month: -6.69%
• 3 months: -8.74%
• 6 months: 20.15%
• Year to date: 2.98%
• 1 year: 31.90%
• 5 years: 266.24%
• 10 years: 479.50%
• Sector: Industrials
• Industry: Machinery, Equipment & Supplies

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: 91 | Existing positions closed: 33

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]

19% more repeat investments, than reductions

Existing positions increased: 181 | Existing positions reduced: 152

9% more funds holding

Funds holding: 445 [Q3] → 486 (+41) [Q4]

5% more capital invested

Capital invested by funds: $8.17B [Q3] → $8.59B (+$422M) [Q4]

2.18% less ownership

Funds ownership: 95.5% [Q3] → 93.33% (-2.18%) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $265 8% upside
• Avg. target: $295 20% upside
• High target: $325 32% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Baird David Manthey 56% 1-year accuracy 22 / 39 met price target	12% upside $275	Outperform Maintained	30 Jan 2025
Raymond James Sam Darkatsh 71% 1-year accuracy 5 / 7 met price target	8% upside $265	Outperform Reiterated	30 Jan 2025
Keybanc Ken Newman 62% 1-year accuracy 8 / 13 met price target	32% upside $325	Overweight Maintained	3 Dec 2024
B of A Securities Sabrina Abrams 67% 1-year accuracy 2 / 3 met price target	28% upside $315	Buy Upgraded	26 Nov 2024