Back to top

Image: Bigstock

Why Applied Industrial Technologies (AIT) Could Be a Top Value Stock Pick

Read MoreHide Full Article

Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Applied Industrial Technologies, Inc. (AIT - Free Report) .

Applied Industrial Technologies in Focus

AIT may be an interesting play thanks to its forward PE of 15.9, its P/S ratio of 0.7, and its decent dividend yield of 2.2%. These factors suggest that Applied Industrial Technologies is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AIT has decent revenue metrics to back up its earnings.

Applied Industrial Technologies, Inc. PS Ratio (TTM)

But before you think that Applied Industrial Technologies is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.1% in the past 60 days, thanks to two upward revisions in the past two months compared to none lower.

This estimate strength is actually enough to push AIT to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.

So really, Applied Industrial Technologies is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time. 

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>

 


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Applied Industrial Technologies, Inc. (AIT) - free report >>