Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Applied Industrial Technologies (AIT) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Applied Industrial Technologies is one of 227 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 in the Zacks Sector R ...

Have you been paying attention to shares of Applied Industrial Technologies (AIT) ? Shares have been on the move with the stock up 9.5% over the past month. The stock hit a new 52-week high of $184.74 in the previous session. Applied Industrial Technologies has gained 6.9% since the start of the year compared to the 2.6% move for the Zacks Industrial Products sector and the 3.2% return for the Zacks Manufacturing - General Industrial industry.What's Driving the Outperformance?The stock has an impressive rec ...

Major U.S. stock indices ended in green on Feb 7, with the S&P 500 and the Dow Jones industrial average each making an upward move. This was most likely driven by investors’ optimism surrounding the Federal Reserve’s latest report, which depicted a 5.7% annual decline in U.S. consumer credit data.Against this backdrop, stock market players might be in the mood for some good investments. However, since the share market has lately been on edge, we recommend stocks like Applied Industrial Technologies (AIT) , ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...

The Zacks Manufacturing – General Industrial industry is poised for growth on the back of easing supply-chain disruptions. Despite a slowdown in manufacturing activities, strength across prominent end markets should help the industry stay afloat.Investments in product development and technological advancements, and focus on expanding operations through strategic acquisitions are expected to foster growth of the industry. Parker-Hannifin Corporation (PH) , IDEX Corporation (IEX) , Applied Industrial Technolo ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores ...

(Mark One) Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended DECEMBER 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from ___ to ___ Commission file number 1-2299 APPLIED INDUSTRIAL TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Ohi ...

Applied Industrial Technologies (AIT) reported second-quarter fiscal 2024 (ended Dec 31, 2023) earnings of $2.24 per share, which surpassed the Zacks Consensus Estimate of $2.11. The bottom line jumped 9.3% year over year.Net sales of $1,077.2 million outperformed the consensus estimate of $1,061 million. The top line inched up 1.6% year over year. Acquisitions boosted the top line by 1.4%, while foreign-currency translation had a positive impact of 0.3%. However, organic sales decreased 0.1% year over year ...

Applied Industrial Technologies, Inc. (NYSE:AIT) Q2 2024 Earnings Conference Call January 25, 2024 10:00 AM ET Company Participants Ryan Cieslak – Director-Investor Relations and Treasury Neil Schrimsher – President and Chief Executive Officer Dave Wells – Chief Financial Officer Conference Call Participants David Manthey – Baird Chris Dankert – Loop Capital Ken Newman – KeyBanc Operator Welcome to the Fiscal 2024 Second Quarter Earnings Call for Applied Industrial Technologies. My name is Rob and I'll be y ...

We Keep Industry Running Investor Presentation Safe Harbor Statement This presentation contains statements that are forward-looking, as that term is defined by the Securities and Exchange Commission in its rules, regulations and releases. Applied intends that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are often identified by qualifiers such as “believe,” “expect,” “outlook,” “project” “guidance,” “target,” “objectives,” “will” and derivative or ...