Applied Industrial Technologies Company Profile (NYSE:AIT)

About Applied Industrial Technologies (NYSE:AIT)

Applied Industrial Technologies logoApplied Industrial Technologies, Inc. is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and operations (MRO), and original equipment manufacturing customers in various industries. In addition, the Company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services. It operates in two segments: service center-based distribution and fluid power businesses. The service center-based distribution segment provides customers with a range of industrial products primarily through a network of service centers. The fluid power businesses segment consists of specialized regional companies that distribute fluid power components, design and assemble fluid power systems, and perform equipment repair. The fluid power businesses primarily sell products and services directly to customers rather than through the service centers.

Industry, Sector and Symbol:
  • Sector: Industrial Products
  • Industry: Industrial Equipment Wholesale
  • Sub-Industry: Trading Companies & Distributors
  • Symbol: NYSE:AIT
  • CUSIP: 03820C10
  • Web: www.applied.com
Capitalization:
  • Market Cap: $2.41 billion
  • Outstanding Shares: 39,030,000
Average Prices:
  • 50 Day Moving Avg: $61.84
  • 200 Day Moving Avg: $61.01
  • 52 Week Range: $42.86 - $69.00
P/E:
  • Trailing P/E Ratio: 22.63
  • Foreward P/E Ratio: 20.21
  • P/E Growth: 1.81
Sales & Book Value:
  • Annual Revenue: $2.55 billion
  • Price / Sales: 0.94
  • Book Value: $18.08 per share
  • Price / Book: 3.41
Dividend:
  • Annual Dividend: $1.16
  • Dividend Yield: 1.9%
Profitability:
  • EBIDTA: $208.18 million
  • Net Margins: 1.31%
  • Return on Equity: 15.34%
  • Return on Assets: 7.84%
Debt:
  • Debt-to-Equity Ratio: 0.48%
  • Current Ratio: 3.30%
  • Quick Ratio: 1.83%
Misc:
  • Average Volume: 170,447 shs.
  • Beta: 0.89
  • Short Ratio: 2.79
 

Frequently Asked Questions for Applied Industrial Technologies (NYSE:AIT)

What is Applied Industrial Technologies' stock symbol?

Applied Industrial Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIT."

How often does Applied Industrial Technologies pay dividends? What is the dividend yield for Applied Industrial Technologies?

Applied Industrial Technologies announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.29 per share on Wednesday, May 31st. This represents a $1.16 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, May 11th. View Applied Industrial Technologies' Dividend History.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) issued its quarterly earnings results on Thursday, April, 27th. The company reported $0.75 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.63 by $0.12. The company had revenue of $679.30 million for the quarter, compared to the consensus estimate of $637.30 million. Applied Industrial Technologies had a net margin of 1.31% and a return on equity of 15.34%. The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. View Applied Industrial Technologies' Earnings History.

What guidance has Applied Industrial Technologies issued on next quarter's earnings?

Applied Industrial Technologies issued an update on its fourth quarter earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.68-0.78 for the period, compared to the Thomson Reuters consensus estimate of $0.69. The company issued revenue guidance of +6-8% to ~$672-684.7 million, compared to the consensus revenue estimate of $648.57 million.

Who are some of Applied Industrial Technologies' key competitors?

Who owns Applied Industrial Technologies stock?

Applied Industrial Technologies' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.00%), Vanguard Group Inc. (0.00%), JPMorgan Chase & Co. (0.00%), RE Advisers Corp (0.00%), Dimensional Fund Advisors LP (0.00%) and Victory Capital Management Inc. (0.00%). Company insiders that own Applied Industrial Technologies stock include Fred D Bauer, L Thomas Hiltz, Peter A Dorsman, Peter C Wallace and Todd A Barlett. View Institutional Ownership Trends for Applied Industrial Technologies.

Who sold Applied Industrial Technologies stock? Who is selling Applied Industrial Technologies stock?

Applied Industrial Technologies' stock was sold by a variety of institutional investors in the last quarter, including Fiduciary Management Inc. WI, Edge Asset Management Inc., Dimensional Fund Advisors LP, Wellington Management Group LLP, Victory Capital Management Inc., Morgan Stanley, Principal Financial Group Inc. and Bahl & Gaynor Inc.. Company insiders that have sold Applied Industrial Technologies stock in the last year include Fred D Bauer, L Thomas Hiltz, Peter A Dorsman, Peter C Wallace and Todd A Barlett. View Insider Buying and Selling for Applied Industrial Technologies.

Who bought Applied Industrial Technologies stock? Who is buying Applied Industrial Technologies stock?

Applied Industrial Technologies' stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Prudential Financial Inc., Vanguard Group Inc., Bank of New York Mellon Corp, Bank of America Corp DE, FMR LLC, Point72 Asset Management L.P. and Macquarie Group Ltd.. View Insider Buying and Selling for Applied Industrial Technologies.

How do I buy Applied Industrial Technologies stock?

Shares of Applied Industrial Technologies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Applied Industrial Technologies stock cost?

One share of Applied Industrial Technologies stock can currently be purchased for approximately $61.65.

Analyst Ratings

Consensus Ratings for Applied Industrial Technologies (NYSE:AIT) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: N/A

Analysts' Ratings History for Applied Industrial Technologies (NYSE:AIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/4/2016Wells Fargo & CoReiterated RatingHoldN/AView Rating Details
3/21/2016Avondale PartnersBoost Price TargetMarket Perform$39.00 -> $44.00N/AView Rating Details
10/26/2015BB&T Co.DowngradeBuy -> HoldN/AView Rating Details
8/12/2015Longbow ResearchUpgradeUnderperform -> NeutralN/AView Rating Details
7/21/2015KeyCorpInitiated CoverageSector WeightN/AView Rating Details
(Data available from 5/28/2015 forward)

Earnings

Earnings History for Applied Industrial Technologies (NYSE:AIT)
Earnings by Quarter for Applied Industrial Technologies (NYSE:AIT)
Earnings History by Quarter for Applied Industrial Technologies (NYSE:AIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q3 2017$0.63$0.75$637.30 million$679.30 millionViewN/AView Earnings Details
1/26/2017Q217$0.59$0.61$602.34 million$608.10 millionViewListenView Earnings Details
10/26/2016Q117$0.61$0.70$625.57 million$624.80 millionViewListenView Earnings Details
8/12/2016Q416$0.66$0.66$643.13 million$63.00 millionViewListenView Earnings Details
4/28/2016Q316$0.61$0.61$619.33 million$633.20 millionViewListenView Earnings Details
1/28/2016Q216$0.61$0.61$619.92 million$610.30 millionViewListenView Earnings Details
10/28/2015Q1$0.68$0.61$670.40 million$641.90 millionViewListenView Earnings Details
8/12/2015Q415$0.73$0.70$683.60 million$677.50 millionViewListenView Earnings Details
4/30/2015Q315$0.76$0.70$701.90 million$680.00 millionViewListenView Earnings Details
1/29/2015Q215$0.69$0.72$671.14 million$691.70 millionViewListenView Earnings Details
10/29/2014Q115$0.73$0.70$63.20 million$702.30 millionViewListenView Earnings Details
8/13/2014Q414$0.74$0.71$661.80 million$654.60 millionViewListenView Earnings Details
5/1/2014Q314$0.71$0.65$217.25 million$618.00 millionViewListenView Earnings Details
1/30/2014Q214$0.59$0.61$593.70 million$581.90 millionViewListenView Earnings Details
10/30/2013Q114$0.70$0.63$649.73 million$605.30 millionViewListenView Earnings Details
8/14/2013Q4 2013$0.76$0.76$650.14 million$640.50 millionViewListenView Earnings Details
5/2/2013Q3 2013$0.68$0.69$630.46 million$621.70 millionViewListenView Earnings Details
1/31/2013Q2 2013$0.65$0.64$618.04 million$589.50 millionViewListenView Earnings Details
10/23/2012$0.71$0.70ViewN/AView Earnings Details
8/9/2012$0.71$0.75ViewN/AView Earnings Details
4/26/2012$0.64$0.69ViewN/AView Earnings Details
1/25/2012$0.54$0.58ViewN/AView Earnings Details
10/25/2011$0.57$0.61ViewN/AView Earnings Details
8/9/2011$0.60$0.65ViewN/AView Earnings Details
4/21/2011$0.51$0.61ViewN/AView Earnings Details
1/21/2011$0.44$0.49ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Applied Industrial Technologies (NYSE:AIT)
2017 EPS Consensus Estimate: $2.59
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.60$0.60$0.60
Q2 20171$0.61$0.61$0.61
Q3 20171$0.61$0.61$0.61
Q4 20171$0.77$0.77$0.77
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Applied Industrial Technologies (NYSE:AIT)
Next Dividend:5/31/2017
Annual Dividend:$1.16
Dividend Yield:1.88%
Dividend Growth:6.80% (3 Year Average)
Payout Ratio:139.76% (Trailing 12 Months of Earnings)
40.99% (Based on This Year's Estimates)
38.03% (Based on Next Year's Estimates)
Track Record:7 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Applied Industrial Technologies (NYSE:AIT)

Dividend History by Quarter for Applied Industrial Technologies (NYSE:AIT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/27/2017quarterly$0.291.81%5/11/20175/15/20175/31/2017
1/26/2017quarterly$0.291.86%2/13/20172/15/20172/28/2017
10/26/2016quarterly$0.2811/10/201611/15/201611/30/2016
6/23/2016quarterly$0.288/11/20168/15/20168/31/2016
4/28/2016Quarterly$0.285/12/20165/16/20165/31/2016
1/28/2016quarterly$0.282/11/20162/16/20162/29/2016
10/28/2015quarterly$0.2711/12/201511/16/201511/30/2015
6/19/2015quarterly$0.272.57%8/12/20158/14/20158/31/2015
4/30/2015quarterly$0.272.58%5/13/20155/15/20155/29/2015
1/30/2015quarterly$0.272.67%2/11/20152/13/20152/27/2015
10/29/2014quarterly$0.252.11%11/12/201411/14/201411/28/2014
6/19/2014quarterly$0.252.02%8/13/20148/15/20148/29/2014
5/1/2014quarterly$0.252.08%5/13/20145/15/20145/30/2014
1/30/2014quarterly$0.251.98%2/12/20142/14/20142/28/2014
10/30/2013quarterly$0.2311/13/201311/15/201311/29/2013
6/20/2013quarterly$0.238/15/20138/30/2013
5/2/2013quarterly$0.232.07%5/13/20135/15/20135/31/2013
1/31/2013quarterly$0.232.05%2/13/20132/15/20132/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Applied Industrial Technologies (NYSE:AIT)
Insider Ownership Percentage: 4.40%
Institutional Ownership Percentage: 89.31%
Insider Trades by Quarter for Applied Industrial Technologies (NYSE:AIT)
Institutional Ownership by Quarter for Applied Industrial Technologies (NYSE:AIT)
Insider Trades by Quarter for Applied Industrial Technologies (NYSE:AIT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/10/2017Peter C WallaceDirectorSell2,000$61.58$123,160.00View SEC Filing  
2/9/2017Todd A BarlettVPSell3,970$61.00$242,170.00View SEC Filing  
2/7/2017L Thomas HiltzDirectorSell3,277$60.89$199,536.53View SEC Filing  
11/11/2016Peter A DorsmanDirectorSell3,378$54.15$182,918.70View SEC Filing  
11/10/2016Fred D BauerVPSell4,232$53.95$228,316.40View SEC Filing  
11/10/2016L Thomas HiltzDirectorSell5,000$54.43$272,150.00View SEC Filing  
10/31/2016Peter A DorsmanDirectorSell2,336$50.38$117,687.68View SEC Filing  
2/12/2016L Thomas HiltzDirectorSell2,940$39.97$117,511.80View SEC Filing  
11/4/2015Peter C. WallaceDirectorSell1,885$43.10$81,243.50View SEC Filing  
10/30/2015Peter C. WallaceDirectorSell2,782$41.22$114,674.04View SEC Filing  
8/14/2015L Thomas HiltzDirectorSell7,131$40.23$286,880.13View SEC Filing  
2/18/2015L Thomas HiltzDirectorBuy2,500$42.52$106,300.00View SEC Filing  
2/2/2015Vincent K PetrellaDirectorBuy2,500$40.69$101,725.00View SEC Filing  
11/7/2014Jerry Sue ThorntonDirectorSell4,100$49.21$201,761.00View SEC Filing  
11/6/2014Thomas E ArmoldVPSell4,776$49.28$235,361.28View SEC Filing  
8/26/2014Green Edith KellyDirectorSell14,242$49.25$701,418.50View SEC Filing  
2/18/2014Jerry Sue ThorntonDirectorSell6,976$49.89$348,032.64View SEC Filing  
2/3/2014L Thomas HiltzDirectorSell8,284$48.46$401,442.64View SEC Filing  
11/14/2013Thomas E ArmoldVPSell6,434$46.63$300,017.42View SEC Filing  
8/27/2013Green Edith KellyDirectorSell2,484$48.33$120,051.72View SEC Filing  
8/27/2013Todd A BarlettVPSell7,599$48.78$370,679.22View SEC Filing  
8/23/2013Todd A BarlettVPSell10,320$49.37$509,498.40View SEC Filing  
5/20/2013Michael L CoticchiaVPSell4,143$47.86$198,283.98View SEC Filing  
2/15/2013Fred D BauerVPSell5,000$44.98$224,900.00View SEC Filing  
2/5/2013L Thomas HiltzDirectorSell10,287$44.91$461,989.17View SEC Filing  
8/14/2012Dan KomnenovichDirectorBuy5,000$40.99$204,950.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Applied Industrial Technologies (NYSE:AIT)
Latest Headlines for Applied Industrial Technologies (NYSE:AIT)
Source:
DateHeadline
finance.yahoo.com logoApplied Industrial Technologies, Inc. breached its 50 day moving average in a Bearish Manner : AIT-US : May 26, 2017
finance.yahoo.com - May 26 at 3:39 PM
finance.yahoo.com logoIngersoll (IR) Remains Well Poised for Long-Term Growth
finance.yahoo.com - May 19 at 9:39 AM
finance.yahoo.com logo5 Industrial Stocks to Buy as Output Hits Fastest Pace in 3 Years
finance.yahoo.com - May 17 at 3:27 PM
nasdaq.com logoWhy You Shouldn't Bet Against Applied Industrial (AIT) Stock
www.nasdaq.com - May 17 at 12:32 PM
finance.yahoo.com logoWhy You Shouldn't Bet Against Applied Industrial (AIT) Stock
finance.yahoo.com - May 16 at 3:29 PM
rttnews.com logoApplied Industrial CFO Mark Eisele To Retire - Quick Facts
www.rttnews.com - May 15 at 3:25 PM
streetinsider.com logoApplied Industrial Technologies (AIT) Announces Retirement of CFO Mark Eisele; David Wells to Succeed
www.streetinsider.com - May 15 at 3:25 PM
finance.yahoo.com logoApplied Industrial Technologies CFO Mark O. Eisele to Retire; David K. Wells Named Successor
finance.yahoo.com - May 15 at 3:25 PM
finance.yahoo.com logoApplied Industrial Technologies, Inc. breached its 50 day moving average in a Bearish Manner : AIT-US : May 15, 2017
finance.yahoo.com - May 15 at 3:25 PM
finance.yahoo.com logoApplied Industrial Technologies, Inc. : AIT-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 12, 2017
finance.yahoo.com - May 12 at 3:59 PM
americanbankingnews.com logo$659.3 Million in Sales Expected for Applied Industrial Technologies (AIT) This Quarter
www.americanbankingnews.com - May 11 at 11:38 AM
finance.yahoo.com logoCan Applied Industrial (AIT) Run Higher on Strong Earnings Estimate Revisions?
finance.yahoo.com - May 9 at 3:26 PM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Expected to Announce Earnings of $0.76 Per Share
www.americanbankingnews.com - May 9 at 10:07 AM
finance.yahoo.com logoETFs with exposure to Applied Industrial Technologies, Inc. : May 3, 2017
finance.yahoo.com - May 3 at 8:28 PM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Given News Impact Rating of -0.03
www.americanbankingnews.com - May 3 at 10:18 AM
finance.yahoo.com logoApplied Industrial Technologies, Inc. :AIT-US: Earnings Analysis: Q3, 2017 By the Numbers : May 2, 2017
finance.yahoo.com - May 2 at 3:30 PM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Forecasted to Post FY2017 Earnings of $2.83 Per Share
www.americanbankingnews.com - May 1 at 10:55 AM
finance.yahoo.com logoWhy Applied Industrial is a Must-Add Stock to Your Portfolio
finance.yahoo.com - May 1 at 9:44 AM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Earns Daily News Sentiment Rating of 0.15
www.americanbankingnews.com - April 30 at 10:08 AM
seekingalpha.com logoApplied Industrial Technologies' (AIT) CEO Neil Schrimsher on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 29 at 3:59 PM
finance.yahoo.com logoEdited Transcript of AIT earnings conference call or presentation 27-Apr-17 2:00pm GMT
finance.yahoo.com - April 28 at 4:22 PM
finance.yahoo.com logoApplied Industrial (AIT) Q3 Earnings & Sales Beat, Up Y/Y
finance.yahoo.com - April 28 at 4:22 PM
rttnews.com logoApplied Industrial Turns To Profit In Q3; Lifts FY Profit View
www.rttnews.com - April 27 at 8:48 PM
seekingalpha.com logoApplied Industrial Technologies beats by $0.12, beats on revenue
seekingalpha.com - April 27 at 8:48 PM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Announces Earnings Results
www.americanbankingnews.com - April 27 at 5:00 PM
finance.yahoo.com logoApplied Industrial Technologies Reports Fiscal 2017 Third Quarter Results and Declares Dividend
finance.yahoo.com - April 27 at 3:47 PM
americanbankingnews.com logoApplied Industrial Technologies to Issue Quarterly Dividend of $0.29 (AIT)
www.americanbankingnews.com - April 27 at 2:55 PM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Updates Q4 Earnings Guidance
www.americanbankingnews.com - April 27 at 12:16 PM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Receives Daily Media Impact Rating of 0.05
www.americanbankingnews.com - April 27 at 10:26 AM
marketbeat.com logoApplied Industrial Technologies posts 3Q profit
marketbeat.com - April 27 at 7:04 AM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Receiving Somewhat Favorable Press Coverage, Report Finds
www.americanbankingnews.com - April 24 at 12:16 PM
finance.yahoo.com logoApplied Industrial Technologies, Inc. breached its 50 day moving average in a Bullish Manner : AIT-US : April 24, 2017
finance.yahoo.com - April 24 at 10:52 AM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Receives Daily Coverage Optimism Score of -0.12
www.americanbankingnews.com - April 21 at 9:07 AM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Expected to Announce Quarterly Sales of $635.85 Million
www.americanbankingnews.com - April 20 at 1:47 PM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Expected to Post Earnings of $0.62 Per Share
www.americanbankingnews.com - April 18 at 3:01 PM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Given Media Impact Rating of 0.56
www.americanbankingnews.com - April 18 at 8:50 AM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Getting Very Favorable Press Coverage, Analysis Shows
www.americanbankingnews.com - April 15 at 8:24 AM
finance.yahoo.com logoApplied Industrial Technologies, Inc. – Value Analysis (NYSE:AIT) : April 13, 2017
finance.yahoo.com - April 13 at 3:39 PM
finance.yahoo.com logoApplied Industrial Technologies, Inc. breached its 50 day moving average in a Bullish Manner : AIT-US : April 12, 2017
finance.yahoo.com - April 12 at 11:48 AM
finance.yahoo.com logoApplied Industrial Technologies to Report Third Quarter Earnings and Conduct ...
finance.yahoo.com - April 7 at 8:27 PM
finance.yahoo.com logoApplied Industrial Technologies to Report Third Quarter Earnings and Conduct Investor Teleconference on April 27, 2017
finance.yahoo.com - April 7 at 7:31 AM
americanbankingnews.com logoApplied Industrial Technologies (AIT) Downgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - March 28 at 7:27 PM
finance.yahoo.com logoiRobot (IRBT) Upgrades HOME App, Boosts Smart Home Business
finance.yahoo.com - March 15 at 3:32 PM
finance.yahoo.com logoParker-Hannifin (PH) Deploys New Power Conversion Systems
finance.yahoo.com - March 15 at 3:31 PM
finance.yahoo.com logoTetra Tech (TTEK) Displays Solid Prospects: Time to Buy?
finance.yahoo.com - March 9 at 3:29 PM
finance.yahoo.com logoApplied Industrial Technologies Acquires Sentinel Fluid Controls
finance.yahoo.com - March 6 at 3:27 PM
finance.yahoo.com logo12:01 pm Applied Industrial acquires Sentinel Fluid Controls; terms not disclosed
finance.yahoo.com - March 6 at 3:27 PM
biz.yahoo.com logoAPPLIED INDUSTRIAL TECHNOLOGIES INC Files SEC form 8-K, Temporary Suspension of Trading Under Registrant's Employee B
biz.yahoo.com - March 2 at 3:41 PM
zacks.com logoTop Ranked Growth Stocks to Buy for February 22nd
www.zacks.com - February 22 at 11:37 AM
finance.yahoo.com logoQuanta Services' (PWR) Q4 Earnings Miss, Revenues Up Y/Y
finance.yahoo.com - February 21 at 3:42 PM

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Applied Industrial Technologies (AIT) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff