Market cap (billions): $1.1
P/E ratio*: 13
Current ratio: 3.3
Dividend yield: 2.2%
With more than $101 million in free cash flow over the past 12 months and relatively little debt, this maker of bearings and transmission components is a cash-generating machine.
Though Applied Industrial Technologies' market capitalization of just over $1 billion is comparatively small, the company is growing rapidly. Earnings have increased an average of 46%
per year over the last five years. And analysts predict stock buybacks even as AIT maintains a solid dividend of 2.2%.NEXT: DEEP VALUE: Carlisle Cos.