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Applied Industrial Technologies Stock Price, Forecast & Analysis (NYSE:AIT)

$62.53
+0.65 (+1.05 %)
(As of 11/21/2019 04:00 PM ET)
Today's Range
$61.46
Now: $62.53
$62.79
50-Day Range
$52.78
MA: $58.53
$63.79
52-Week Range
$49.45
Now: $62.53
$66.68
Volume187,000 shs
Average Volume201,821 shs
Market Capitalization$2.42 billion
P/E Ratio14.18
Dividend Yield2.00%
Beta1.34
Applied Industrial Technologies, Inc distributes industrial products in North America, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in two segments, Service Center Based Distribution, and Fluid Power and Flow Control. Read More…

Industry, Sector and Symbol

Industry Machinery, equipment, & supplies
Sub-IndustryTrading Companies & Distributors
SectorIndustrial Products
CUSIP03820C10
Phone216-426-4753

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.47 billion
Cash Flow$7.01 per share
Book Value$23.24 per share

Profitability

Net Income$143.99 million

Miscellaneous

Employees6,650
Market Cap$2.42 billion
Next Earnings Date1/23/2020 (Estimated)
OptionableOptionable

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Applied Industrial Technologies (NYSE:AIT) Frequently Asked Questions

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 declared a quarterly dividend on Wednesday, October 30th. Shareholders of record on Friday, November 15th will be given a dividend of $0.31 per share on Friday, November 29th. This represents a $1.24 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, November 14th. View Applied Industrial Technologies' Dividend History.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) issued its quarterly earnings data on Wednesday, October, 30th. The industrial products company reported $1.02 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.01. The industrial products company had revenue of $856.40 million for the quarter, compared to analyst estimates of $850.45 million. Applied Industrial Technologies had a return on equity of 18.22% and a net margin of 3.86%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. View Applied Industrial Technologies' Earnings History.

When is Applied Industrial Technologies' next earnings date?

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Thursday, January 23rd 2020. View Earnings Estimates for Applied Industrial Technologies.

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

Applied Industrial Technologies issued an update on its FY20 earnings guidance on Wednesday, October, 30th. The company provided earnings per share guidance of $4.20-$4.50 for the period, compared to the Thomson Reuters consensus estimate of $4.40.

What price target have analysts set for AIT?

3 Wall Street analysts have issued 1 year target prices for Applied Industrial Technologies' stock. Their forecasts range from $60.00 to $70.00. On average, they anticipate Applied Industrial Technologies' stock price to reach $66.67 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price. View Analyst Price Targets for Applied Industrial Technologies.

What is the consensus analysts' recommendation for Applied Industrial Technologies?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Applied Industrial Technologies.

Has Applied Industrial Technologies been receiving favorable news coverage?

News stories about AIT stock have trended positive on Thursday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Applied Industrial Technologies earned a daily sentiment score of 3.0 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Applied Industrial Technologies.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a increase in short interest in October. As of October 15th, there was short interest totalling 487,800 shares, an increase of 22.1% from the September 15th total of 399,400 shares. Based on an average trading volume of 234,500 shares, the short-interest ratio is currently 2.1 days. Currently, 1.3% of the company's stock are short sold. View Applied Industrial Technologies' Current Options Chain.

Who are some of Applied Industrial Technologies' key competitors?

What other stocks do shareholders of Applied Industrial Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Industrial Technologies investors own include AbbVie (ABBV), Netflix (NFLX), Danaher (DHR), DXC Technology (DXC), LyondellBasell Industries (LYB), American Airlines Group (AAL), Intel (INTC), PepsiCo (PEP), International Paper (IP) and Mastercard (MA).

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the folowing people:
  • Mr. Neil A. Schrimsher, Pres, CEO & Director (Age 55)
  • Mr. David K. Wells, VP, CFO & Treasurer (Age 57)
  • Mr. Fred D. Bauer, VP, Gen. Counsel & Sec. (Age 53)
  • Mr. Kurt W. Loring, VP & Chief Human Resource Officer (Age 50)
  • Mr. Christopher Macey, Corp. Controller & Principal Accounting Officer (Age 46)

Who are Applied Industrial Technologies' major shareholders?

Applied Industrial Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (1.20%), Grace & White Inc. NY (0.54%), California Public Employees Retirement System (0.30%), Comerica Bank (0.14%), Dupont Capital Management Corp (0.12%) and Strs Ohio (0.11%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, Joe Anthony Raver, L Thomas Hiltz, Peter C Wallace and Todd A Barlett. View Institutional Ownership Trends for Applied Industrial Technologies.

Which institutional investors are selling Applied Industrial Technologies stock?

AIT stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Pegasus Partners Ltd., Envestnet Asset Management Inc., Municipal Employees Retirement System of Michigan, Wedge Capital Management L L P NC, Comerica Bank, Grace & White Inc. NY and Fruth Investment Management. View Insider Buying and Selling for Applied Industrial Technologies.

Which institutional investors are buying Applied Industrial Technologies stock?

AIT stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Dupont Capital Management Corp, Boston Trust Walden Corp, State of Alaska Department of Revenue, California Public Employees Retirement System, Assenagon Asset Management S.A., SG Americas Securities LLC and First Trust Advisors LP. View Insider Buying and Selling for Applied Industrial Technologies.

How do I buy shares of Applied Industrial Technologies?

Shares of AIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Applied Industrial Technologies' stock price today?

One share of AIT stock can currently be purchased for approximately $62.53.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.42 billion and generates $3.47 billion in revenue each year. The industrial products company earns $143.99 million in net income (profit) each year or $4.41 on an earnings per share basis. Applied Industrial Technologies employs 6,650 workers across the globe.View Additional Information About Applied Industrial Technologies.

What is Applied Industrial Technologies' official website?

The official website for Applied Industrial Technologies is http://www.applied.com/.

How can I contact Applied Industrial Technologies?

Applied Industrial Technologies' mailing address is ONE APPLIED PLAZA, CLEVELAND OH, 44115. The industrial products company can be reached via phone at 216-426-4753 or via email at [email protected]


MarketBeat Community Rating for Applied Industrial Technologies (NYSE AIT)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  180 (Vote Outperform)
Underperform Votes:  296 (Vote Underperform)
Total Votes:  476
MarketBeat's community ratings are surveys of what our community members think about Applied Industrial Technologies and other stocks. Vote "Outperform" if you believe AIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/21/2019 by MarketBeat.com Staff

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