Applied Industrial Technologies Inc [AIT] stock is trading at $245.19, up 1.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AIT shares have gain 9.17% over the last week, with a monthly amount glided 9.18%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Applied Industrial Technologies Inc [NYSE: AIT] stock has seen the most recent analyst activity on November 26, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $315 from $285. Previously, Mizuho started tracking the stock with Outperform rating on October 22, 2024, and set its price target to $285. On October 07, 2024, BofA Securities initiated with a Neutral rating and assigned a price target of $232 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $225 on September 04, 2024. Northcoast initiated its recommendation with a Neutral. Oppenheimer started tracking with a Outperform rating for this stock on April 03, 2024, and assigned it a price target of $235. In a note dated March 17, 2023, Robert W. Baird upgraded an Outperform rating on this stock but restated the target price of $160.
Applied Industrial Technologies Inc [AIT] stock has fluctuated between $182.21 and $282.98 over the past year. Currently, Wall Street analysts expect the stock to reach $241 within the next 12 months. Applied Industrial Technologies Inc [NYSE: AIT] shares were valued at $245.19 at the most recent close of the market. An investor can expect a potential drop of -1.71% based on the average AIT price forecast.
Analyzing the AIT fundamentals
Applied Industrial Technologies Inc [NYSE:AIT] reported sales of 4.50B for the trailing twelve months, which represents a growth of 1.78%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.22 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 242.48 points at the first support level, and at 239.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 246.67, and for the 2nd resistance point, it is at 248.16.
Ratios To Look Out For
For context, Applied Industrial Technologies Inc’s Current Ratio is 3.57. Also, the Quick Ratio is 2.51, while the Cash Ratio stands at 0.74. Considering the valuation of this stock, the price to sales ratio is 2.08, the price to book ratio is 5.12 and price to earnings (TTM) ratio is 24.59.
Transactions by insiders
Recent insider trading involved Vasquez Jason W, VP-Sales & Marketing-USSC, that happened on Feb 25 ’25 when 4475.0 shares were sold. Officer, Vasquez Jason W completed a deal on Feb 25 ’25 to buy 4475.0 shares. Meanwhile, President and CEO Schrimsher Neil A sold 10680.0 shares on Feb 18 ’25.
