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Applied Industrial Technologies (NYSE:AIT) is scheduled to be announcing its earnings results on Wednesday, August 13th. Investors interested in listening to the company’s conference call can do so using this link.

Applied Industrial Technologies (NYSE:AIT) opened at 48.88 on Tuesday. Applied Industrial Technologies has a one year low of $45.62 and a one year high of $53.45. The stock has a 50-day moving average of $49.93 and a 200-day moving average of $48.97. The company has a market cap of $2.042 billion and a P/E ratio of 17.93.

A number of research firms have recently commented on AIT. Analysts at Citigroup Inc. upgraded shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Monday, July 7th. On the ratings front, analysts at BB&T Corp. upgraded shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Monday, July 7th. They now have a $64.00 price target on the stock. Finally, analysts at Sidoti upgraded shares of Applied Industrial Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Applied Industrial Technologies presently has an average rating of “Buy” and an average target price of $58.50.

Applied Industrial Technologies, Inc (NYSE:AIT) is an industrial distributor in North America, supplying customers in a range of industries with products, including bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and general maintenance and mill supply products.

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