NYSE:AIT - Applied Industrial Technologies Stock Price, Forecast & News

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

Applied Industrial Technologies announced a quarterly dividend on Friday, January 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.32 per share on Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from Applied Industrial Technologies's previous quarterly dividend of $0.31. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) posted its quarterly earnings results on Thursday, January, 23rd. The industrial products company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.02. The industrial products company had revenue of $833.40 million for the quarter, compared to analyst estimates of $847.19 million. Applied Industrial Technologies's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. View Applied Industrial Technologies' Earnings History.

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Friday, April 24th 2020. View Earnings Estimates for Applied Industrial Technologies.

Applied Industrial Technologies updated its FY20 earnings guidance on Thursday, January, 23rd. The company provided earnings per share guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.35. The company issued revenue guidance of (2%) to flat yr/yr to $3.40-3.47 billion, compared to the consensus revenue estimate of $3.51 billion.

5 brokerages have issued 1-year price targets for Applied Industrial Technologies' stock. Their forecasts range from $70.00 to $81.00. On average, they expect Applied Industrial Technologies' share price to reach $75.40 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price. View Analyst Price Targets for Applied Industrial Technologies.

5 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Applied Industrial Technologies.

Media stories about AIT stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Applied Industrial Technologies earned a news impact score of 2.0 on InfoTrie's scale. They also assigned headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Applied Industrial Technologies.

Applied Industrial Technologies saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 688,600 shares, a decrease of 14.5% from the January 15th total of 805,600 shares. Based on an average daily volume of 199,000 shares, the short-interest ratio is currently 3.5 days. Approximately 1.8% of the shares of the company are short sold. View Applied Industrial Technologies' Current Options Chain.

Some companies that are related to Applied Industrial Technologies include Aircastle (AYR), Air Lease (AL), Beacon Roofing Supply (BECN), BlueLinx (BXC), DXP Enterprises (DXPE), Fastenal (FAST), GATX (GATX), H&E Equipment Services (HEES), Houston Wire & Cable (HWCC), Kaman (KAMN), MRC Global (MRC), MSC Industrial Direct (MSM), Rush Enterprises (RUSHA), Textainer Group (TGH) and Titan Machinery (TITN).

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

Applied Industrial Technologies' stock is owned by many different of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (3.78%), Victory Capital Management Inc. (3.75%), State Street Corp (2.97%), FMR LLC (2.03%), Palisade Capital Management LLC NJ (1.66%) and Bank of New York Mellon Corp (1.44%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, Joe Anthony Raver, L Thomas Hiltz and Peter C Wallace. View Institutional Ownership Trends for Applied Industrial Technologies.

AIT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Bank of America Corp DE, Eaton Vance Management, California Public Employees Retirement System, Raymond James & Associates, Arizona State Retirement System, Cubist Systematic Strategies LLC and Credit Suisse AG. View Insider Buying and Selling for Applied Industrial Technologies.

AIT stock was purchased by a variety of institutional investors in the last quarter, including Cramer Rosenthal Mcglynn LLC, Amundi Pioneer Asset Management Inc., FMR LLC, Tygh Capital Management Inc., Victory Capital Management Inc., Victory Capital Management Inc., Mutual of America Capital Management LLC and Scout Investments Inc.. View Insider Buying and Selling for 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.

One share of AIT stock can currently be purchased for approximately $69.58.