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After finishing at $186.09 in the prior trading day, Applied Industrial Technologies Inc. (NYSE: AIT) closed at $178.94, down -3.84%. In other words, the price has decreased by -$3.84 from its previous closing price. On the day, 0.51 million shares were traded. AIT stock price reached its highest trading level at $185.995 during the session, while it also had its lowest trading level at $177.68.
Ratios:
Our goal is to gain a better understanding of AIT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.92. For the most recent quarter (mrq), Quick Ratio is recorded 2.70 and its Current Ratio is at 3.77. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.34.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on April 03, 2024, initiated with a Outperform rating and assigned the stock a target price of $235.
On March 17, 2023, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $160.
Robert W. Baird Downgraded its Outperform to Neutral on August 12, 2022, whereas the target price for the stock was revised from $115 to $129.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 02 ’24 when Hoffner Warren E III sold 2,000 shares for $182.34 per share. The transaction valued at 364,680 led to the insider holds 57,155 shares of the business.
Schrimsher Neil A sold 93,750 shares of AIT for $15,911,250 on Dec 14 ’23. The President and CEO now owns 198,557 shares after completing the transaction at $169.72 per share. On Nov 24 ’23, another insider, Wallace Peter C, who serves as the Director of the company, sold 1,130 shares for $163.19 each. As a result, the insider received 184,410 and left with 23,641 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AIT now has a Market Capitalization of 6919520256 and an Enterprise Value of 7380158976. As of this moment, Applied’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.76, and their Forward P/E ratio for the next fiscal year is 17.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 4.31. Its current Enterprise Value per Revenue stands at 1.654 whereas that against EBITDA is 13.623.
Stock Price History:
Over the past 52 weeks, AIT has reached a high of $201.76, while it has fallen to a 52-week low of $122.24. The 50-Day Moving Average of the stock is -5.76%, while the 200-Day Moving Average is calculated to be 6.82%.
Shares Statistics:
The stock has traded on average 379.62K shares per day over the past 3-months and 282120 shares per day over the last 10 days, according to various share statistics. A total of 38.66M shares are outstanding, with a floating share count of 38.13M. Insiders hold about 1.40% of the company’s shares, while institutions hold 95.07% stake in the company. Shares short for AIT as of 1713139200 were 807687 with a Short Ratio of 2.13, compared to 1710460800 on 628600. Therefore, it implies a Short% of Shares Outstanding of 807687 and a Short% of Float of 3.06.
Dividends & Splits
In the trailing 12 months, AIT’s forward annual dividend rate was 1.4, compared to 1.42 this year. Against a Trailing Annual Dividend Yield of 0.0075232415The stock’s 5-year Average Dividend Yield is 1.49.
