Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Applied Industrial Technologies Inc before investing.

In this article, we go over a few key elements for understanding Applied Industrial Technologies Inc’s stock price such as:

• Applied Industrial Technologies Inc’s current stock price and volume
• Why Applied Industrial Technologies Inc’s stock price changed recently
• Upgrades and downgrades for AIT from analysts
• AIT’s stock price momentum as measured by its relative strength

About Applied Industrial Technologies Inc (AIT)

Before we jump into Applied Industrial Technologies Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Applied Industrial Technologies, Inc. is a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The Company’s segments include Service Center Based Distribution and Engineered Solutions. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Its products include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses. The Engineered Solutions segment includes its operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services.

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Applied Industrial Technologies Inc’s Stock Price as of Market Close

As of September 19, 2024, 4:00 PM, CST, Applied Industrial Technologies Inc’s stock price was $224.05.

Applied Industrial Technologies Inc is up 4.27% from its previous closing price of $214.87.

During the last market session, Applied Industrial Technologies Inc’s stock traded between $214.23 and $220.61. Currently, there are 38.57 million shares of Applied Industrial Technologies Inc stock available for purchase.

Applied Industrial Technologies Inc’s price-earnings (P/E) ratio is currently at 21.9, which is low compared to the Industrial Machinery & Equipment industry median of 25.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Applied Industrial Technologies Inc Stock Price History

Applied Industrial Technologies Inc’s (AIT) price is currently up 9.23% so far this month.

During the month of September, Applied Industrial Technologies Inc’s stock price has reached a high of $224.36 and a low of $191.31.

Over the last year, Applied Industrial Technologies Inc has hit prices as high as $223.15 and as low as $149.59. Year to date, Applied Industrial Technologies Inc’s stock is up 77.78%.

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What Caused Applied Industrial Technologies Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 18, 2024, there were 5 analysts who downgraded Applied Industrial Technologies Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Applied Industrial Technologies Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Applied Industrial Technologies Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Applied Industrial Technologies Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Applied Industrial Technologies Inc (AIT) by visiting AAII Stock Evaluator.

Relative Price Strength of Applied Industrial Technologies Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 18, 2024, Applied Industrial Technologies Inc has a weighted four-quarter relative price strength of 4.39%, which translates to a Momentum Score of 74 and is considered to be Strong.

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Applied Industrial Technologies Inc Stock Price: Bottom Line

As of September 19, 2024, Applied Industrial Technologies Inc’s stock price is $224.05, which is up 4.27% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Applied Industrial Technologies Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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