NYSE: AIT
Applied Industrial Technologies, Inc.
Industrials · Industrial - Distribution
Market Cap
$13.07B
52w High
$365.99
52w Low
$238.34
P/E
32.29
Volume
159.32K
Outstanding Shares
36.96M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 27.25% over the last year. Revenue grew 8.84% over the trailing twelve months. Operating margin moved from 10.92% to 11.06%. Free cash flow declined 1.35% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (95th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 11.06% — continued expansion would be needed to justify the premium. Revenue growth of 8.84% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Applied Industrial Technologies, Inc. (AIT) is a prominent distributor specializing in advanced solutions for industrial motion, power, control, and automation.
Valuation
Stock splits
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Profitability & growth
Analyst consensus
10
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 13, 2026
Q3 FY26 · EPS est $2.92 · Revenue est $1.29B
View
Dividends
$1.99/shareQuarterlyDividend Aristocrat · 38yrEx-div Aug 14, 2026 · in 1dSafeAIT pays a dividend with a 0.56% declared yield, 38 consecutive years of growth, growing at 8.72% annually, covered 6.3× by free cash flow.
Declared Yield
0.56%
Annual Div / Share
$1.99
TTM $1.94
5yr CAGR
+8.72%
Doubles every ~8.3yr
Payout Ratio
22.1%
Safe
Dividend Growth Rate
3yr CAGR
+12.71%
5yr CAGR
+8.72%
10yr CAGR
+6.01%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$0/mo
In 5 yrs
$1/mo
In 10 yrs
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$6/yr $0/mo | $9/yr+52% $1/mo | $13/yr+131% $1/mo |
Yield-on-cost grows from 0.56% → 1.3% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
AIT has raised its dividend for 38 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 6.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 8.72% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.