Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks S ...

Company Overview - Applied Industrial Technologies, Inc. is a distributor of value-added industrial products, including engineered fluid power components, bearings, specialty flow control solutions, power transmission products, and miscellaneous industrial supplies [7] - The company's products are primarily sold to original equipment manufacturers (OEM) and maintenance, repair, and operations (MRO) customers in regions such as Australia, North America, Singapore, and New Zealand [7] Investment Ratings - AIT holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating a solid investment opportunity [7][8] - The company is particularly appealing to growth investors, with a Growth Style Score of A, forecasting year-over-year earnings growth of 8.6% for the current fiscal year [7] Earnings Estimates - In the last 60 days, one analyst revised their earnings estimate for AIT upwards, with the Zacks Consensus Estimate increasing by $0.07 to $9.50 per share [7] - AIT has demonstrated an average earnings surprise of 10.4%, suggesting strong performance relative to expectations [7]

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 great growth stock is not easy at all.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, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

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. -- ...

Industry Overview - The Zacks Manufacturing – General Industrial industry is expected to grow due to easing supply-chain disruptions, despite a slowdown in manufacturing activities [1] - Key players in the industry include Parker-Hannifin Corporation, IDEX Corporation, Applied Industrial Technologies, Inc., and Flowserve Corporation, which are likely to capitalize on current opportunities [1][2] Current Trends - The manufacturing sector has shown persistent weakness, with the Manufacturing Purchasing Manager's Index at 49.1% in January, indicating contraction for the 15th consecutive month; however, new orders increased by 4.7 percentage points from December 2023, suggesting gradual improvement [3] - Supply-chain disruptions are easing, particularly in electronic components, with the Supplier Deliveries Index reflecting faster deliveries for the 16th straight month in January, which is expected to support growth in 2024 [4] - Companies are focusing on acquisition-based growth strategies to expand their networks and product offerings, which helps mitigate risks associated with reliance on a single market [5] Industry Performance - The Zacks Manufacturing – General Industrial industry ranks 71, placing it in the top 28% of over 250 Zacks industries, indicating bright near-term prospects [6] - Over the past year, the industry has appreciated by 15%, outperforming the broader sector but lagging behind the S&P 500 Index, which grew by 20.8% [7] Valuation Metrics - The industry is currently trading at a forward 12-month Price-to-Earnings (P/E) ratio of 21.15X, higher than the S&P 500's 20.52X and the sector's 17.21X [8] Notable Companies - **Parker-Hannifin Corporation**: Benefits from steady demand and higher orders, with a 45.3% share price increase over the past year; earnings estimates for fiscal 2024 have improved by 2.7% [10][11] - **IDEX Corporation**: Expected to benefit from a diversified business structure and recent acquisition; shares have declined by 2.5% over the past year but recovered by 3.8% in the past month [12] - **Applied Industrial Technologies, Inc.**: Anticipates 1-3% year-over-year sales growth for fiscal 2024, with a 25.7% share price increase over the past year [13] - **Flowserve Corporation**: Thriving due to strong manufacturing and aftermarket activity, with a 17.6% share price increase over the past year [14]

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 ...