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

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$58.11 -0.10 (-0.17 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$58.21
Today's Range$57.30 - $58.89
52-Week Range$50.56 - $82.35
Volume161,300 shs
Average Volume219,774 shs
Market Capitalization$2.25 billion
P/E Ratio15.54
Dividend Yield2.13%
Beta1.29
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. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and hydraulic, pneumatic, lubrication, filtration, and flow control components and systems. It also operates fabricated rubber shops that modify and repair conveyor belts, as well as provide hose assemblies; and rubber service field crews to install and repair conveyor belts and rubber lining at customer locations. In addition, the company rebuilds or assembles speed reducers, pumps, valves, cylinders, and electric and hydraulic motors, as well as custom machining products; and offers flow control and technical support services. It offers industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, mining, oil and gas, primary metals, transportation, and utilities, as well as to government entities. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.

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Industry, Sector and Symbol

Industry Machinery, equipment, & supplies
Sub-IndustryTrading Companies & Distributors
SectorIndustrial Products
CUSIP03820C10
Phone216-426-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.07 billion
Cash Flow$5.0884 per share
Book Value$21.06 per share

Profitability

Net Income$141.62 million

Miscellaneous

Employees6,634
Market Cap$2.25 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

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 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.

How were Applied Industrial Technologies' earnings last quarter?

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.

When is Applied Industrial Technologies' next earnings date?

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

What price target have analysts set for AIT?

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.

What is the consensus analysts' recommendation 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.

Has Applied Industrial Technologies been receiving favorable news coverage?

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.

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), Mastercard (MA), Danaher (DHR), Home Depot (HD), Schlumberger (SLB), Boyd Gaming (BYD), Tiffany & Co. (TIF), General Electric (GE), MEDNAX (MD) and Oracle (ORCL).

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 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.

Which major investors are selling Applied Industrial Technologies stock?

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.

Which major investors are buying Applied Industrial Technologies stock?

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.

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, Scottrade, Fidelity and Charles Schwab.

What is Applied Industrial Technologies' stock price today?

One share of AIT stock can currently be purchased for approximately $58.11.

How big of a company is Applied Industrial Technologies?

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.

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 216-426-4000 or via email at [email protected]


MarketBeat Community Rating for Applied Industrial Technologies (NYSE AIT)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  141 (Vote Outperform)
Underperform Votes:  259 (Vote Underperform)
Total Votes:  400
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 3/20/2019 by MarketBeat.com Staff

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