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 announced a quarterly dividend on Thursday, January 24th. Investors of record on Friday, February 15th will be paid a dividend of $0.31 per share on Thursday, February 28th. This represents a $1.24 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, February 14th. This is an increase from Applied Industrial Technologies's previous quarterly dividend of $0.30. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) released its quarterly earnings results on Thursday, January, 24th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.06 by $0.07. The industrial products company earned $840 million during the quarter, compared to analysts' expectations of $855.94 million. Applied Industrial Technologies had a net margin of 4.80% and a return on equity of 20.03%. Applied Industrial Technologies's revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share. View Applied Industrial Technologies' Earnings History.

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Applied Industrial Technologies.

Applied Industrial Technologies issued an update on its FY19 earnings guidance on Thursday, January, 24th. The company provided earnings per share (EPS) guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.80. The company issued revenue guidance of +12.5-15.0% YoY to ~$3.46-3.52 billion, compared to the consensus revenue estimate of $3.60 billion.Applied Industrial Technologies also updated its FY 2019 guidance to $4.45-4.65 EPS.

4 Wall Street analysts have issued 12-month target prices for Applied Industrial Technologies' stock. Their forecasts range from $60.00 to $70.00. On average, they expect Applied Industrial Technologies' share price to reach $65.00 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Price Targets for Applied Industrial Technologies.

4 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Applied Industrial Technologies.

News coverage about AIT stock has trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 1.3 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near term.

Some companies that are related to Applied Industrial Technologies include A. O. Smith (AOS), Norsk Hydro ASA (NHYDY), Halma (HLMAF), Allegion (ALLE), Graco (GGG), ASAHI GLASS/ADR (ASGLY), AB SKF (SKFRY), CAE (CAE), James Hardie Industries (JHX), HD Supply (HDS), Nordson (NDSN), Crown (CCK), Pentair (PNR), Middleby (MIDD) and Berry Global Group (BERY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Industrial Technologies investors own include AbbVie (ABBV), Mastercard (MA), Danaher (DHR), Home Depot (HD), Schlumberger (SLB), Boyd Gaming (BYD), Tiffany & Co. (TIF), General Electric (GE), MEDNAX (MD) and Oracle (ORCL).

Applied Industrial Technologies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.42%), Dimensional Fund Advisors LP (3.13%), FMR LLC (2.75%), Macquarie Group Ltd. (2.67%), Norges Bank (2.15%) and Victory Capital Management Inc. (1.74%). 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 FMR LLC, Bank of New York Mellon Corp, Barrow Hanley Mewhinney & Strauss LLC, GSA Capital Partners LLP, Barclays PLC, New York State Common Retirement Fund, Pegasus Partners Ltd. and Stone Ridge Asset Management LLC. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Green Edith Kelly, L Thomas Hiltz and Peter C Wallace. View Insider Buying and Selling for Applied Industrial Technologies.

AIT stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Macquarie Group Ltd., Millennium Management LLC, Hsbc Holdings PLC, Bank of America Corp DE, Geode Capital Management LLC and Geode Capital Management 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 $58.11.

Applied Industrial Technologies has a market capitalization of $2.25 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]