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

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

Applied Industrial Technologies declared a quarterly dividend on Wednesday, October 31st. Investors of record on Thursday, November 15th will be paid a dividend of $0.30 per share on Friday, November 30th. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, November 14th. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) posted its quarterly earnings results on Wednesday, October, 31st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.12. The industrial products company earned $864.50 million during the quarter, compared to analyst estimates of $874.74 million. Applied Industrial Technologies had a net margin of 4.82% and a return on equity of 19.66%. Applied Industrial Technologies's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. View Applied Industrial Technologies' Earnings History.

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for Applied Industrial Technologies.

Applied Industrial Technologies issued an update on its FY19 earnings guidance on Wednesday, October, 31st. The company provided EPS guidance of $4.55-4.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.68. The company issued revenue guidance of $3.56-$3.63 billion, compared to the consensus revenue estimate of $3.61 billion.Applied Industrial Technologies also updated its FY 2019 guidance to $4.65-4.85 EPS.

3 equities research analysts have issued 12-month price objectives for Applied Industrial Technologies' stock. Their forecasts range from $75.00 to $75.00. On average, they expect Applied Industrial Technologies' stock price to reach $75.00 in the next year. This suggests a possible upside of 13.2% from the stock's current price. View Analyst Price Targets 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 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Applied Industrial Technologies.

News headlines about AIT stock have trended somewhat negative on Thursday, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Applied Industrial Technologies earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage 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 effect on the stock's share price in the immediate future.

Some companies that are related to Applied Industrial Technologies include IDEX (IEX), Norsk Hydro ASA (NHYDY), Zebra Technologies (ZBRA), Packaging Corp Of America (PKG), Allegion (ALLE), Avery Dennison (AVY), A. O. Smith (AOS), ASAHI GLASS/ADR (ASGLY), Pentair (PNR), Nordson (NDSN), Graco (GGG), HD Supply (HDS), AB SKF (SKFRY), DAI NIPPON PRTG/S (DNPLY) and Donaldson (DCI).

Applied Industrial Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.73%), JPMorgan Chase & Co. (6.10%), Dimensional Fund Advisors LP (3.09%), FMR LLC (2.83%), Wells Fargo & Company MN (2.59%) and Macquarie Group Ltd. (2.24%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Joe Anthony Raver, L Thomas Hiltz, Mark O Eisele, Peter C Wallace and Todd A Barlett. View Institutional Ownership Trends for Applied Industrial Technologies.

AIT stock was sold by a variety of institutional investors in the last quarter, including RE Advisers Corp, Prudential Financial Inc., Hsbc Holdings PLC, Grace & White Inc. NY, Wells Fargo & Company MN, Dupont Capital Management Corp, Robeco Institutional Asset Management B.V. and Robeco Institutional Asset Management B.V.. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Green Edith Kelly, L Thomas Hiltz, Peter C Wallace and Todd A Barlett. View Insider Buying and Selling for Applied Industrial Technologies.

AIT stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., FMR LLC, Macquarie Group Ltd., BlackRock Inc., Canada Pension Plan Investment Board, Strs Ohio, Renaissance Technologies LLC and Copper Rock Capital Partners LLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of AIT stock can currently be purchased for approximately $66.28.

Applied Industrial Technologies has a market capitalization of $2.56 billion and generates $3.07 billion in revenue each year. The industrial products company earns $141.62 million in net income (profit) each year or $3.74 on an earnings per share basis. Applied Industrial Technologies employs 6,634 workers across the globe.

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

Applied Industrial Technologies' mailing address is ONE APPLIED PLAZA, CLEVELAND OH, 44115. The industrial products company can be reached via phone at 216-426-4000 or via email at [email protected]