Applied Industrial Technologies (AIT) Stock

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) has announced that it successfully acquired Hydradyne, LLC on December 31, 2024. Hydradyne, located in Dallas, Texas, is a leading provider of fluid power solutions, offering a range of services and products in hydraulics, pneumatics, electromechanical systems, instrumentation, filtration, and fluid conveyance across the Southeastern U.S. Neil A. Schrimsher serves as the President and CEO of the company.

This is a comparison of how Applied Industrial Technologies (AIT) and Mueller Water Products (MWA) have done in relation to their industry this year.

Even though the manufacturing sector is struggling, the recovering demand and better supply chain conditions are promising for the industrial sector as we approach 2025. Companies like ZBRA, RBC, AIT, and POWL are expected to keep performing well.

Brokers have a better understanding of stocks and the overall economy. It's important to pay attention to broker rating upgrades when choosing stocks such as GAP, CAH, AIT, JLL, and UAL.

AIT is expected to gain from a positive trend in the Service Center Based Distribution area. However, there are still worries about the performance of the Engineered Solutions segment.

Applied Industrial is planning to grow its presence in the important Southeast U.S. area by acquiring Hydradyne.

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) has announced that it has reached a final agreement to purchase Hydradyne, LLC, a leading provider of fluid power solutions and additional services. Located in Dallas, Texas, Hydradyne is among the largest distributors in the U.S. specializing in fluid power and motion control systems, offering advanced services and a wide range of products in hydraulics, pneumatics, electromechanical systems, instrumentation, filtration, and fluids.

AIT is expected to benefit from the growth in its Service Center Based Distribution area. The company's efforts to provide rewards to its shareholders are also positive.

AIT is likely to grow faster because of strong demand, bringing jobs back to the country, automation trends, and a solid plan for acquisitions. Although there have been some challenges with lower volumes and rising costs, profit margins are expected to improve thanks to better efficiency and a focus on high-profit markets. AIT's stock is currently priced lower than competitors like W.W. Grainger and Fastenal, which suggests there may be opportunities for price increases and better valuations in the future.