About Applied Industrial Technologies (NYSE:AIT)
Applied 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
- Market Cap: $2.56 billion
- Outstanding Shares: 39,045,000
- 50 Day Moving Avg: $62.43
- 200 Day Moving Avg: $60.19
- 52 Week Range: $43.50 - $69.00
Sales & Book Value:
- Trailing P/E Ratio: 19.31
- Foreward P/E Ratio: 19.03
- P/E Growth: 1.75
- Annual Revenue: $2.59 billion
- Price / Sales: 0.99
- Book Value: $19.09 per share
- Price / Book: 3.44
- Annual Dividend: $1.16
- Dividend Yield: 1.8%
- EBITDA: $214.27 million
- Net Margins: 5.16%
- Return on Equity: 15.89%
- Return on Assets: 8.39%
- Debt-to-Equity Ratio: 0.38%
- Current Ratio: 2.85%
- Quick Ratio: 1.73%
- 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?
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?
Some companies that are related to Applied Industrial Technologies include Ardagh Group S.A. (ARD), MSC Industrial Direct Company (MSM), Graphic Packaging Holding Company (GPK), Bemis Company (BMS), Owens-Illinois (OI), Terex Corporation (TEX), Timken Company (The) (TKR), Barnes Group (B), Valmont Industries (VMI), Regal Beloit Corporation (RBC), Belden (BDC), Kennametal (KMT), Cimpress N.V (CMPR), Silgan Holdings (SLGN), Unifirst Corporation (UNF), MSA Safety Incorporporated (MSA), Aggreko PLC (ARGKF) and Manitowoc Food Service (WBT).
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?
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?
MarketBeat Community Rating for Applied Industrial Technologies (NYSE AIT)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.
One share of Applied Industrial Technologies stock can currently be purchased for approximately $65.65.
Earnings History for Applied Industrial Technologies (NYSE:AIT)Earnings History by Quarter for Applied Industrial Technologies (NYSE AIT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/11/2017||Q4 2017||$0.78||$1.34||$680.20 million||$681.47 million||View||N/A|
|4/27/2017||Q3 2017||$0.63||$0.75||$637.30 million||$679.30 million||View||N/A|
|1/26/2017||Q217||$0.59||$0.61||$602.34 million||$608.10 million||View||Listen|
|10/26/2016||Q117||$0.61||$0.70||$625.57 million||$624.80 million||View||Listen|
|8/12/2016||Q416||$0.66||$0.66||$643.13 million||$63.00 million||View||Listen|
|4/28/2016||Q316||$0.61||$0.61||$619.33 million||$633.20 million||View||Listen|
|1/28/2016||Q216||$0.61||$0.61||$619.92 million||$610.30 million||View||Listen|
|10/28/2015||Q1||$0.68||$0.61||$670.40 million||$641.90 million||View||Listen|
|8/12/2015||Q415||$0.73||$0.70||$683.60 million||$677.50 million||View||Listen|
|4/30/2015||Q315||$0.76||$0.70||$701.90 million||$680.00 million||View||Listen|
|1/29/2015||Q215||$0.69||$0.72||$671.14 million||$691.70 million||View||Listen|
|10/29/2014||Q115||$0.73||$0.70||$63.20 million||$702.30 million||View||Listen|
|8/13/2014||Q414||$0.74||$0.71||$661.80 million||$654.60 million||View||Listen|
|5/1/2014||Q314||$0.71||$0.65||$217.25 million||$618.00 million||View||Listen|
|1/30/2014||Q214||$0.59||$0.61||$593.70 million||$581.90 million||View||Listen|
|10/30/2013||Q114||$0.70||$0.63||$649.73 million||$605.30 million||View||Listen|
|8/14/2013||Q4 2013||$0.76||$0.76||$650.14 million||$640.50 million||View||Listen|
|5/2/2013||Q3 2013||$0.68||$0.69||$630.46 million||$621.70 million||View||Listen|
|1/31/2013||Q2 2013||$0.65||$0.64||$618.04 million||$589.50 million||View||Listen|
Earnings Estimates for Applied Industrial Technologies (NYSE:AIT)
2017 EPS Consensus Estimate: $2.59
2018 EPS Consensus Estimate: $3.13
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Applied Industrial Technologies (NYSE:AIT)
|Most Recent Dividend:||8/31/2017|
|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 History by Quarter for Applied Industrial Technologies (NYSE AIT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Applied Industrial Technologies (NYSE:AIT)
Insider Ownership Percentage: 3.70%Insider Trades by Quarter for Applied Industrial Technologies (NYSE:AIT)
Institutional Ownership Percentage: 87.54%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/28/2017||Mark O Eisele||VP||Sell||4,939||$55.91||$276,139.49|| |
|8/25/2017||Mark O Eisele||VP||Sell||6,000||$55.89||$335,340.00|| |
|8/24/2017||Mark O Eisele||VP||Sell||6,000||$55.28||$331,680.00|| |
|8/23/2017||Mark O Eisele||VP||Sell||6,000||$54.69||$328,140.00|| |
|8/22/2017||Mark O Eisele||VP||Sell||8,926||$54.64||$487,716.64|| |
|8/21/2017||Mark O Eisele||VP||Sell||8,926||$54.42||$485,752.92|| |
|8/18/2017||Mark O Eisele||VP||Sell||8,926||$54.55||$486,913.30|| |
|8/17/2017||Mark O Eisele||VP||Sell||11,854||$55.76||$660,979.04|| |
|8/16/2017||Mark O Eisele||VP||Sell||6,000||$56.11||$336,660.00|| |
|8/15/2017||Mark O Eisele||VP||Sell||6,000||$56.92||$341,520.00|| |
|2/10/2017||Peter C Wallace||Director||Sell||2,000||$61.58||$123,160.00|| |
|2/9/2017||Todd A Barlett||VP||Sell||3,970||$61.00||$242,170.00|| |
|2/7/2017||L Thomas Hiltz||Director||Sell||3,277||$60.89||$199,536.53|| |
|11/11/2016||Peter A Dorsman||Director||Sell||3,378||$54.15||$182,918.70|| |
|11/10/2016||Fred D Bauer||VP||Sell||4,232||$53.95||$228,316.40|| |
|11/10/2016||L Thomas Hiltz||Director||Sell||5,000||$54.43||$272,150.00|| |
|10/31/2016||Peter A Dorsman||Director||Sell||2,336||$50.38||$117,687.68|| |
|2/12/2016||L Thomas Hiltz||Director||Sell||2,940||$39.97||$117,511.80|| |
|11/4/2015||Peter C. Wallace||Director||Sell||1,885||$43.10||$81,243.50|| |
|10/30/2015||Peter C. Wallace||Director||Sell||2,782||$41.22||$114,674.04|| |
|8/14/2015||L Thomas Hiltz||Director||Sell||7,131||$40.23||$286,880.13|| |
|2/18/2015||L Thomas Hiltz||Director||Buy||2,500||$42.52||$106,300.00|| |
|2/2/2015||Vincent K Petrella||Director||Buy||2,500||$40.69||$101,725.00|| |
|11/7/2014||Jerry Sue Thornton||Director||Sell||4,100||$49.21||$201,761.00|| |
|11/6/2014||Thomas E Armold||VP||Sell||4,776||$49.28||$235,361.28|| |
|8/26/2014||Green Edith Kelly||Director||Sell||14,242||$49.25||$701,418.50|| |
|2/18/2014||Jerry Sue Thornton||Director||Sell||6,976||$49.89||$348,032.64|| |
|2/3/2014||L Thomas Hiltz||Director||Sell||8,284||$48.46||$401,442.64|| |
|11/14/2013||Thomas E Armold||VP||Sell||6,434||$46.63||$300,017.42|| |
|8/27/2013||Green Edith Kelly||Director||Sell||2,484||$48.33||$120,051.72|| |
|8/27/2013||Todd A Barlett||VP||Sell||7,599||$48.78||$370,679.22|| |
|8/23/2013||Todd A Barlett||VP||Sell||10,320||$49.37||$509,498.40|| |
|5/20/2013||Michael L Coticchia||VP||Sell||4,143||$47.86||$198,283.98|| |
|2/15/2013||Fred D Bauer||VP||Sell||5,000||$44.98||$224,900.00|| |
|2/5/2013||L Thomas Hiltz||Director||Sell||10,287||$44.91||$461,989.17|| |
|8/14/2012||Dan Komnenovich||Director||Buy||5,000||$40.99||$204,950.00|| |
Headline Trends for Applied Industrial Technologies (NYSE:AIT)
Latest Headlines for Applied Industrial Technologies (NYSE:AIT)
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Applied Industrial Technologies (AIT) Chart for Saturday, October, 21, 2017