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 Machinery & Equipment Wholesale
  • Sub-Industry: Trading Companies & Distributors
  • Symbol: NYSE:AIT
  • CUSIP: 03820C10
  • Web: www.applied.com
Capitalization:
  • Market Cap: $2.56 billion
  • Outstanding Shares: 39,045,000
Average Prices:
  • 50 Day Moving Avg: $62.43
  • 200 Day Moving Avg: $60.19
  • 52 Week Range: $43.50 - $69.00
P/E:
  • Trailing P/E Ratio: 19.31
  • Foreward P/E Ratio: 19.03
  • P/E Growth: 1.75
Sales & Book Value:
  • Annual Revenue: $2.59 billion
  • Price / Sales: 0.99
  • Book Value: $19.09 per share
  • Price / Book: 3.44
Dividend:
  • Annual Dividend: $1.16
  • Dividend Yield: 1.8%
Profitability:
  • EBITDA: $214.27 million
  • Net Margins: 5.16%
  • Return on Equity: 15.89%
  • Return on Assets: 8.39%
Debt:
  • Debt-to-Equity Ratio: 0.38%
  • Current Ratio: 2.85%
  • Quick Ratio: 1.73%
Misc:
  • Average Volume: 192,360 shs.
  • Beta: 0.95
  • Short Ratio: 2.52
 

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, June 22nd. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.29 per share on Thursday, August 31st. This represents a $1.16 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, August 11th. View Applied Industrial Technologies' Dividend History.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies, Inc. (NYSE:AIT) issued its quarterly earnings results on Friday, August, 11th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.56. The firm had revenue of $681.47 million for the quarter, compared to analysts' expectations of $680.20 million. Applied Industrial Technologies had a net margin of 5.16% and a return on equity of 15.89%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. View Applied Industrial Technologies' Earnings History.

When will Applied Industrial Technologies make its next earnings announcement?

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Applied Industrial Technologies.

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

Applied Industrial Technologies updated its FY17 earnings guidance on Friday, August, 11th. The company provided earnings per share (EPS) guidance of $3.00-3.20 for the period, compared to the Thomson Reuters consensus estimate of $2.83. The company issued revenue guidance of +3-5% to ~$2.59-2.67 billion, compared to the consensus revenue estimate of $2.59 billion.

Where is Applied Industrial Technologies' stock going? Where will Applied Industrial Technologies' stock price be in 2017?

2 brokers have issued 1 year price objectives for Applied Industrial Technologies' stock. Their forecasts range from $63.00 to $63.00. On average, they expect Applied Industrial Technologies' stock price to reach $63.00 in the next twelve months. View Analyst Ratings for Applied Industrial Technologies.

Who are some of Applied Industrial Technologies' key competitors?

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the folowing people:

  • Peter C. Wallace, Independent Chairman of the Board
  • Neil A. Schrimsher, President, Chief Executive Officer, Director
  • David K. Wells, Vice President-Chief Financial Officer, Treasurer
  • Kurt W. Loring, Chief Human Resource Officer, Vice President
  • Christopher Macey, Principal Accounting Officer, Corporate Controller
  • Todd A. Barlett, Vice President - Acquisitions and Global Business Development
  • Fred D. Bauer, Vice President, General Counsel, Secretary
  • Warren E. Hoffner, Vice President, General Manager - Fluid Power
  • Robert J. Pagano Jr., Director
  • Joe Anthony Raver, Director

Who owns Applied Industrial Technologies stock?

Applied Industrial Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (1.46%), APG Asset Management N.V. (0.08%) and Alpha Windward LLC (0.02%). Company insiders that own Applied Industrial Technologies stock include Fred D Bauer, L Thomas Hiltz, Mark O Eisele, 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 Robeco Institutional Asset Management B.V.. Company insiders that have sold Applied Industrial Technologies stock in the last year include Fred D Bauer, L Thomas Hiltz, Mark O Eisele, 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 bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V. and Alpha Windward LLC. 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.

What is Applied Industrial Technologies' stock price today?

One share of Applied Industrial Technologies stock can currently be purchased for approximately $65.65.


MarketBeat Community Rating for Applied Industrial Technologies (NYSE AIT)
Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  77 (Vote Outperform)
Underperform Votes:  137 (Vote Underperform)
Total Votes:  214
MarketBeat's community ratings are surveys of what our community members think about Applied Industrial Technologies and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Applied Industrial Technologies (NYSE:AIT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $63.00 (4.04% downside)
Consensus Price Target History for Applied Industrial Technologies (NYSE:AIT)
Price Target History for Applied Industrial Technologies (NYSE:AIT)
Analysts' Ratings History for Applied Industrial Technologies (NYSE:AIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/25/2017Northcoast ResearchInitiated CoverageNeutralLowView Rating Details
7/12/2017Wells Fargo & CompanyReiterated RatingMarket Perform$67.00 -> $63.00HighView Rating Details
3/21/2016Avondale PartnersBoost Price TargetMarket Perform$39.00 -> $44.00N/AView Rating Details
10/26/2015BB&T CorporationDowngradeBuy -> HoldN/AView Rating Details
(Data available from 10/21/2015 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
10/24/2017$0.76N/AView Earnings Details
8/11/2017Q4 2017$0.78$1.34$680.20 million$681.47 millionViewN/AView Earnings Details
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
2018 EPS Consensus Estimate: $3.13
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
Q1 20182$0.73$0.79$0.76
Q2 20181$0.70$0.70$0.70
Q3 20181$0.81$0.81$0.81
Q4 20181$0.86$0.86$0.86
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Applied Industrial Technologies (NYSE:AIT)
Most Recent Dividend:8/31/2017
Annual Dividend:$1.16
Dividend Yield:1.77%
Dividend Growth:6.80% (3 Year Average)
Payout Ratio:34.12% (Trailing 12 Months of Earnings)
37.42% (Based on This Year's Estimates)
33.62% (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
6/22/2017quarterly$0.291.99%8/11/20178/15/20178/31/2017
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: 3.70%
Institutional Ownership Percentage: 87.54%
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
8/28/2017Mark O EiseleVPSell4,939$55.91$276,139.49View SEC Filing  
8/25/2017Mark O EiseleVPSell6,000$55.89$335,340.00View SEC Filing  
8/24/2017Mark O EiseleVPSell6,000$55.28$331,680.00View SEC Filing  
8/23/2017Mark O EiseleVPSell6,000$54.69$328,140.00View SEC Filing  
8/22/2017Mark O EiseleVPSell8,926$54.64$487,716.64View SEC Filing  
8/21/2017Mark O EiseleVPSell8,926$54.42$485,752.92View SEC Filing  
8/18/2017Mark O EiseleVPSell8,926$54.55$486,913.30View SEC Filing  
8/17/2017Mark O EiseleVPSell11,854$55.76$660,979.04View SEC Filing  
8/16/2017Mark O EiseleVPSell6,000$56.11$336,660.00View SEC Filing  
8/15/2017Mark O EiseleVPSell6,000$56.92$341,520.00View SEC Filing  
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)
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Applied Industrial Technologies (AIT) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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