Applied Industrial Technologies Company Profile (NYSE:AIT)

About Applied Industrial Technologies

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
  • Exchange: NYSE
  • Symbol: AIT
  • CUSIP: 03820C10
Key Metrics:
  • Previous Close: $62.50
  • 50 Day Moving Average: $61.18
  • 200 Day Moving Average: $53.17
  • 52-Week Range: $38,988,000.00 - $37.12
  • Trailing P/E Ratio: 75.21
  • Foreward P/E Ratio: 22.14
  • P/E Growth: 2.00
  • Market Cap: $2.44B
  • Outstanding Shares: 38,988,000
  • Beta: 0.89
Profitability:
  • 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%
Additional Links:
Companies Related to Applied Industrial Technologies:

Analyst Ratings

Consensus Ratings for Applied Industrial Technologies (NYSE:AIT) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $44.00 (29.77% downside)

Analysts' Ratings History for Applied Industrial Technologies (NYSE:AIT)
Show:
DateFirmActionRatingPrice TargetDetails
9/4/2016Wells Fargo & CompanyReiterated RatingHoldView Rating Details
3/21/2016Avondale PartnersBoost Price TargetMarket Perform$39.00 -> $44.00View Rating Details
10/26/2015BB&T CorporationDowngradeBuy -> HoldView Rating Details
8/12/2015Longbow ResearchUpgradeUnderperform -> NeutralView Rating Details
7/21/2015KeyCorpInitiated CoverageSector WeightView Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for Applied Industrial Technologies (NYSE:AIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
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$0.12$0.70$63.20 million$702.30 millionViewListenView Earnings Details
8/13/2014Q414$0.75$0.71$661.80 million$654.60 millionViewListenView Earnings Details
5/1/2014Q314$0.76$0.72$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)
Current Year EPS Consensus Estimate: $2.60 EPS
Next Year EPS Consensus Estimate: $2.83 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166$0.56$0.68$0.64
Q2 20166$0.63$0.76$0.71
Q4 20162$0.65$0.66$0.66
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$0.63$0.63$0.63
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Applied Industrial Technologies (NYSE:AIT)
Annual Dividend:$1.16
Dividend Yield:1.85%
Dividend Growth:6.80% (3 Year Average)
Payout Ratio:139.76% (Based on Trailing 12 Months of Earnings)
44.62% (Based on Current Year Consensus EPS Estimate)
40.99% (Based on Next Year Consensus EPS Estimate)
Track Record:7 Years of Consecutive Dividend Growth

Dividend History for Applied Industrial Technologies (NYSE:AIT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Applied Industrial Technologies (NYSE:AIT)
Insider Ownership Percentage: 4.40%
Institutional Ownership Percentage: 89.31%
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

Latest Headlines for Applied Industrial Technologies (NYSE:AIT)
DateHeadline
zacks.com logoTerex (TEX) to Divest 7.45 Million Shares of Konecranes (NYSE:AIT)
www.zacks.com - February 16 at 7:36 AM
News IconDirector of Applied Industrial Technologies (NYSE:AIT), Wallace Peter C, sells 1,000 shares worth $61,850 (NYSE:AIT)
empowerednews.net - February 15 at 1:45 AM
News IconDirector of Applied Industrial Technologies (NYSE:AIT), Kelly Green Edith, sells 4,825 shares worth $300,019 (NYSE:AIT)
empowerednews.net - February 14 at 8:43 PM
marketexclusive.com logoInsider Trading Activity Applied Industrial Technologies, Inc. (NYSE:AIT) – Director Sold 2,000 shares of Stock (NYSE:AIT)
marketexclusive.com - February 14 at 8:43 PM
capitalcube.com logoApplied Industrial Technologies, Inc. breached its 50 day moving average in a Bullish Manner : AIT-US : February 13, 2017 (NYSE:AIT)
us.rd.yahoo.com - February 13 at 8:47 PM
4-traders.com logoAPPLIED INDUSTRIAL TECHNOLOGIES : ex-dividend day (NYSE:AIT)
www.4-traders.com - February 13 at 3:46 PM
News IconDirector of Applied Industrial Technologies (NYSE:AIT), Wallace Peter C, sells 2,000 shares worth $123,152 (NYSE:AIT)
empowerednews.net - February 13 at 3:46 PM
marketexclusive.com logoInsider Trading Activity Applied Industrial Technologies, Inc. (NYSE:AIT) – VP Sold 3,970 shares of Stock (NYSE:AIT)
marketexclusive.com - February 13 at 3:46 PM
News IconVP-Acq & Global Bus Dev of Applied Industrial Technologies (NYSE:AIT), Barlett Todd A, sells 3,970 shares worth $242,170 (NYSE:AIT)
empowerednews.net - February 10 at 3:52 PM
finance.yahoo.com logoEnerSys (ENS) Beats on Q3 Earnings; Revenues Miss Estimate (NYSE:AIT)
finance.yahoo.com - February 9 at 3:27 PM
finance.yahoo.com logoA.O. Smith (AOS) Beats on Q4 Earnings; Revenues Up Y/Y (NYSE:AIT)
finance.yahoo.com - February 3 at 3:34 PM
finance.yahoo.com logoA.O. Smith (AOS) Beats on Q4 Earnings; Revenues Up Y/Y (NYSE:AIT)
finance.yahoo.com - February 3 at 3:34 PM
capitalcube.com logoApplied Industrial Technologies, Inc. breached its 50 day moving average in a Bearish Manner : AIT-US : February 1, 2017 (NYSE:AIT)
www.capitalcube.com - February 1 at 3:29 PM
finance.yahoo.com logoAPPLIED INDUSTRIAL TECHNOLOGIES INC Financials (NYSE:AIT)
finance.yahoo.com - February 1 at 3:29 PM
capitalcube.com logoApplied Industrial Technologies, Inc. :AIT-US: Earnings Analysis: Q2, 2017 By the Numbers : January 30, 2017 (NYSE:AIT)
www.capitalcube.com - January 30 at 3:36 PM
biz.yahoo.com logoAPPLIED INDUSTRIAL TECHNOLOGIES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Stat (NYSE:AIT)
us.rd.yahoo.com - January 27 at 3:33 PM
finance.yahoo.com logoApplied Industrial (AIT) Q2 Earnings Beat; Sales Down Y/Y (NYSE:AIT)
finance.yahoo.com - January 27 at 3:33 PM
nasdaq.com logoApplied Industrial Technologies Updates Earnings Guidance; Increases Dividend (NYSE:AIT)
www.nasdaq.com - January 27 at 1:44 AM
finance.yahoo.com logoEdited Transcript of AIT earnings conference call or presentation 26-Jan-17 3:00pm GMT (NYSE:AIT)
finance.yahoo.com - January 27 at 1:44 AM
streetinsider.com logoApplied Industrial Technologies (AIT) Raises Quarterly Dividend 3.6% to $0.29; 1.8% Yield (NYSE:AIT)
www.streetinsider.com - January 26 at 8:43 PM
seekingalpha.com logoApplied Industrial Technologies' (AIT) CEO Neil Schrimsher on Q2 2017 Results - Earnings Call Transcript (NYSE:AIT)
seekingalpha.com - January 26 at 8:43 PM
rttnews.com logoEARNINGS SUMMARY: Details of Applied Industrial Technologies Inc Q2 Earnings Report (NYSE:AIT)
www.rttnews.com - January 26 at 8:43 PM
us.rd.yahoo.com logoApplied Industrial Technologies Reports Fiscal 2017 Second Quarter Results and Increases Dividend (NYSE:AIT)
us.rd.yahoo.com - January 26 at 3:41 PM
sg.finance.yahoo.com logoApplied Industrial Technologies posts 2Q profit (NYSE:AIT)
us.rd.yahoo.com - January 26 at 3:41 PM
us.rd.yahoo.com logo6:40 am Applied Industrial beats by $0.03, beats on revs; raises low end of FY17 guidance, increases dividend (NYSE:AIT)
us.rd.yahoo.com - January 26 at 3:41 PM
biz.yahoo.com logoQ2 2017 Applied Industrial Technologies Inc Earnings Release - Before Market Open (NYSE:AIT)
us.rd.yahoo.com - January 26 at 3:41 PM
biz.yahoo.com logoApplied Industrial Technologies Inc Earnings Call scheduled for 10:00 am ET today (NYSE:AIT)
biz.yahoo.com - January 26 at 3:40 PM
feeds.reuters.com logoBRIEF-Applied Industrial Technologies posts Q2 earnings $0.61/shr (NYSE:AIT)
feeds.reuters.com - January 26 at 7:03 AM
seekingalpha.com logoApplied Industrial Technologies beats by $0.02, beats on revenue (NYSE:AIT)
seekingalpha.com - January 26 at 6:42 AM
biz.yahoo.com logoApplied Industrial Technologies Inc Earnings Call (Q2 2017) (NYSE:AIT)
biz.yahoo.com - January 26 at 1:36 AM
News IconSeaport Global Indicates Potential 21.9% Increase In Shares Of GCP Applied Tech (NYSE:AIT)
xboxonezone.com - January 22 at 8:20 AM
News IconThe GCP Applied Technologies Inc. (GCP) President Sells $1441004.50 in Stock (NYSE:AIT)
prensariotiretail.com - January 22 at 8:20 AM
finance.yahoo.com logoEmerson (EMR) Wins Contract for Biomass-Fueled Plant in UK (NYSE:AIT)
finance.yahoo.com - January 19 at 3:45 PM
4-traders.com logoAPPLIED INDUSTRIAL TECHNOLOGIES INC : Change in Directors or Principal Officers (form 8-K) (NYSE:AIT)
www.4-traders.com - January 13 at 8:51 PM
capitalcube.com logoApplied Industrial Technologies, Inc. : AIT-US: Dividend Analysis : November 15th, 2016 (record date) : By the numbers : January 12, 2017 (NYSE:AIT)
www.capitalcube.com - January 12 at 3:28 PM
finance.yahoo.com logoApplied Industrial Technologies to Report Second Quarter Earnings and Conduct Investor Teleconference … (NYSE:AIT)
finance.yahoo.com - January 10 at 1:39 AM
finance.yahoo.com logoApplied Industrial Technologies to Report Second Quarter Earnings and Conduct Investor Teleconference on January 26, 2017 (NYSE:AIT)
finance.yahoo.com - January 9 at 3:37 PM
biz.yahoo.com logoAPPLIED INDUSTRIAL TECHNOLOGIES INC Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:AIT)
biz.yahoo.com - January 4 at 1:51 AM
stocksdaily.net logoApplied Industrial Technologies, Inc. (NYSE:AIT) Dividend Payment At $0.28 Per Share (NYSE:AIT)
www.stocksdaily.net - December 29 at 1:28 AM
finance.yahoo.com logoStanley Black (SWK) to Sell Mechanical Security Operations (NYSE:AIT)
finance.yahoo.com - December 22 at 3:24 PM
finance.yahoo.com logoII-VI Incorporated Hits 52-Week High on Bright Prospects (NYSE:AIT)
finance.yahoo.com - December 14 at 3:37 PM
stocksdaily.net logoApplied Industrial Technologies, Inc. (NYSE:AIT) Held $59.861 In Cash And ... (NYSE:AIT)
www.stocksdaily.net - December 7 at 4:04 PM
News IconApplied Industrial Technologies (AIT): Are Hedge Funds Right About This Stock? (NYSE:AIT)
feedproxy.google.com - December 3 at 9:13 PM
stocksdaily.net logoQuarterly Accrued Expenses Of Applied Industrial Technologies, Inc. (NYSE:AIT) At $46.327 Millions (NYSE:AIT)
www.stocksdaily.net - November 30 at 3:26 PM
finance.yahoo.com logoBarnes Group Hits 52-Week High on Solid Q3 Results & View (NYSE:AIT)
finance.yahoo.com - November 25 at 8:31 AM
finance.yahoo.com logoAmphenol Remains Poised for Growth with Strategic Moves (NYSE:AIT)
finance.yahoo.com - November 25 at 8:31 AM
finance.yahoo.com logoApplied Industrial Hits 52-Week High on Solid Q1 & Outlook (NYSE:AIT)
finance.yahoo.com - November 21 at 8:11 AM
finance.yahoo.com logoIngersoll (IR) Poised for Top-Line Growth, Risks Remain (NYSE:AIT)
finance.yahoo.com - November 21 at 8:11 AM
News IconSignificant Insider Change: Applied Industrial Technologies (NYSE:AIT)’s director Green Kelly Unloaded 4500 shares of the Company (NYSE:AIT)
www.whatsonthorold.com - November 18 at 12:44 PM
stocksdaily.net logoWhat Is The Dividend Payment Of Applied Industrial Technologies, Inc. (NYSE:AIT)? (NYSE:AIT)
www.stocksdaily.net - November 15 at 3:29 PM

Social

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, January 26th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.29 per share on Tuesday, February 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Monday, February 13th. This is an increase from Applied Industrial Technologies's previous quarterly dividend of $0.28.

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

2 brokers have issued 1-year price targets for Applied Industrial Technologies' stock. Their forecasts range from $44.00 to $44.00. On average, they expect Applied Industrial Technologies' share price to reach $44.00 in the next twelve months.

When will Applied Industrial Technologies announce their earnings?

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

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 Fiduciary Management Inc. WI (3.89%), Dimensional Fund Advisors LP (3.57%), State Street Corp (2.18%), Edge Asset Management Inc. (1.22%), FMR LLC (1.14%) and Royce & Associates LP (0.96%). 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.

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 Royce & Associates LP, Edge Asset Management Inc., Dimensional Fund Advisors LP, AQR Capital Management LLC, Guggenheim Capital LLC, Systematic Financial Management LP, Denver Investment Advisors LLC and Keybank National Association OH. 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.

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

Applied Industrial Technologies' stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Value Holdings Management CO. LLC, Bogle Investment Management L P DE, State Street Corp, Fiduciary Management Inc. WI, Russell Investments Group Ltd., Two Sigma Investments LP and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main.

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 $62.65.

Applied Industrial Technologies (NYSE:AIT) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Applied Industrial Technologies (NYSE:AIT)

Earnings History Chart

Earnings by Quarter for Applied Industrial Technologies (NYSE:AIT)

Dividend History Chart

Dividend Payments by Quarter for Applied Industrial Technologies (NYSE:AIT)

Last Updated on 2/20/2017 by MarketBeat.com Staff