Where Does Applied Industrial Technologies, Inc. (AIT) Stock Can Go From Here?

On Tuesday, shares of Applied Industrial Technologies, Inc. (NYSE:AIT) marked $62.98 per share versus a previous $64.14 closing price. With having a -1.81% loss, an insight into the fundamental values of Applied Industrial Technologies, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. AIT showed a fall of -5.56% within its YTD performance, with highs and lows between $30.66 – $70.62 during the period of 52 weeks, compared to the simple moving average of 6.98% in the period of the last 200 days.

Wells Fargo equity researchers changed the status of Applied Industrial Technologies, Inc. (NYSE: AIT) shares from “Equal Weight” to a “Overweight” rating in the report published on January 14th, 2020. Other analysts, including Robert W. Baird, also published their reports on AIT shares. Robert W. Baird repeated the rating from the previous report, marking AIT under “Outperform” rating, in the report published on December 13th, 2019. Additionally, AIT shares got another “Buy” rating from Longbow, setting a target price of $70 on the company’s shares, according to the report published in March 8th, 2019. On the other hand, KeyBanc Capital Mkts Upgrade the “Overweight” rating for AIT shares, as published in the report on January 15th, 2019. Wellington Shields seems to be going bullish on the price of AIT shares, based on the price prediction for AIT. Another “Gradually Accumulate” rating came from Wellington Shields.

Applied Industrial Technologies, Inc. (AIT) Analysis

The present dividend yield for AIT owners is set at 0.02, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Applied Industrial Technologies, Inc., the company needs to provide a healthy cash flow, currently at the value of 12.25. In addition, the growth of sales from quarter to quarter is recording -6.20%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Applied Industrial Technologies, Inc. (AIT) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 3.70% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.70 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while AIT is currently recording an average of 217.70K in volumes. The volatility of the stock on monthly basis is set at 2.57%, while the weekly volatility levels are marked at 2.01%with -2.04% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $71.60, indicating growth from the present price of $62.98, which can represent yet another valuable research and analysis points that can help you decide whether to invest in AIT or pass.

What to Look for When Analyzing Applied Industrial Technologies, Inc. Shares?

Applied Industrial Technologies, Inc. (AIT) is based in the USA and it represents one of the well-known company operating with Industrials sector. If you wish to compare AIT shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 69.28 for Applied Industrial Technologies, Inc., while the value 20.58 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 0.91 is supported by the yearly EPS growth of 4.60%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.80%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 94.60% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in AIT Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in AIT in the recent period. That is how The Vanguard Group, Inc. now has an increase position in AIT by 0.64% in the first quarter, owning 4.02 million shares of AIT stocks, with the value of $250.93 million after the purchase of an additional 25,452 shares during the last quarter. In the meanwhile, Victory Capital Management, Inc. also increased their stake in AIT shares changed 14.67% in the first quarter, which means that the company now owns 1.66 million shares of company, all valued at $103.78 million after the acquisition of additional 212,803 shares during the last quarter.

Fuller & Thaler Asset Management, acquired a new position in Applied Industrial Technologies, Inc. during the first quarter, with the value of $91.39 million, and Dimensional Fund Advisors LP increased their stake in the company’s shares by 0.79% in the first quarter, now owning 10,220 shares valued at $81.21 million after the acquisition of the additional 1.3 million shares during the last quarter. In the end, SSgA Funds Management, Inc. increased their position by 8.99% during the first quarter, now owning 1.23 million AIT shares, now holding the value of $76.64 million in AIT with the purchase of the additional 80,286 shares during the period of the last quarter. At the present, 94.60% of AIT shares are in the ownership of institutional investors.