4 Stocks to Buy on Solid Rebound in Industrial Production [Yahoo! Finance]
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Applied Industrial Technologies, Inc. (AIT)
Last applied industrial technologies, inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
Production at U.S. factories increased in May although demand for goods remained soft. The Federal Reserve said that manufacturing output jumped a solid 0.9% in May from a downwardly revised 0.4% drop in April, making up for the declines in the past two months. May's jump was triple the expectations of economists, who had forecast a rise of 0.3%. On a year-over-year basis, production at U.S. factories rose 0.1% in May. Also, capacity utilization for the industrial sector, which measures the extent to which firms are utilizing their resources, increased to 78.7% from 78.2% in April. Manufacturing accounts for 10.4% of the economy but the sector has been hit hard by higher borrowing costs and softening demand. The Federal Reserve increased interest rates by 525 basis points since March 2022 to take its benchmark policy rate in the range of 5.25-5.5% to bring down 40-year-high inflation. Inflation has declined sharply but remains above the Fed's 2% target. Moreover, inflation ros
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AIT
News
- Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting DateBusiness Wire
- 5 Manufacturing Stocks to Buy Despite Mixed PMI in May [Yahoo! Finance]Yahoo! Finance
- Is Applied Industrial Technologies (AIT) Outperforming Other Industrial Products Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- 4 Industrial Stocks to Buy on a Jump in Durable Goods Orders [Yahoo! Finance]Yahoo! Finance
- If You Invested $1000 in Applied Industrial Technologies a Decade Ago, This is How Much It'd Be Worth Now [Yahoo! Finance]Yahoo! Finance
AIT
Earnings
- 4/25/24 - Beat
AIT
Sec Filings
- 6/25/24 - Form 11-K
- 5/30/24 - Form SD
- 5/21/24 - Form 4
- AIT's page on the SEC website