Applied Industrial Technologies (AIT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Applied Industrial Technologies (AIT) and Idex (IEX) have performed compared to their sector so far this year.
An increase in manufacturing activities, technological progress and strategic acquisitions favor the Zacks Manufacturing - General Industrial industry's near-term prospects. DOV, AIT, GNRC & FLS are some promising stocks in the industry.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 594 | $156,877.44 | $212,735.17 | $55,857.73 | 35.61% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 5,680 | $1.92M | $2.04M | $123,507.94 | 6.43% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 40 | $10,270.8 | $14,399.6 | $4,128.8 | 40.2% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 8 | $2,114.01 | $2,818.8 | $704.79 | 33.34% |
| LN Louis Navellier NAVELLIER & ASSOCIATES Inc. | 2,814 | $679,075.59 | $971,420.91 | $292,345.32 | 43.05% |
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Chris Dankert DA Davidson | 35.47 | $11,506.37 | $12,345.63 | $839.26 | 7.29% |
| Consumer Staples Distribution & Retail Industry | Consumer Staples Sector | Neil A. Schrimsher CEO | NYSE Exchange | 03820C105 CUSIP |
| US Country | 6,900 Employees | 14 Aug 2026 Last Dividend | 16 Jun 2006 Last Split | - IPO Date |
Applied Industrial Technologies, Inc. is a prominent distributor of industrial motion, power, control, and automation technology solutions across various countries, including the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. Operating through two main segments, Service Center Based Distribution and Engineered Solutions, the company caters to a wide range of industries such as agriculture, food processing, chemicals, mining, and more. With its origins dating back to 1923 and initially known as Bearings, Inc., it renamed to Applied Industrial Technologies, Inc. in 1997. The headquarters of the company is strategically located in Cleveland, Ohio, from where it oversees its operations and a network of service centers, ensuring comprehensive coverage and support for its customer base.