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 dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, February 14th. This is a boost from Applied Industrial Technologies's previous quarterly dividend of $0.30. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) announced its quarterly earnings results on Thursday, January, 24th. The industrial products company reported $0.99 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.06 by $0.07. The industrial products company earned $840 million during the quarter, compared to analyst estimates of $855.94 million. Applied Industrial Technologies had a return on equity of 20.03% and a net margin of 4.80%. The company's revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. 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 guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus 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.

3 analysts have issued twelve-month target prices for Applied Industrial Technologies' shares. Their predictions range from $60.00 to $60.00. On average, they expect Applied Industrial Technologies' stock price to reach $60.00 in the next year. This suggests a possible upside of 2.0% 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.

Headlines about AIT stock have trended negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Applied Industrial Technologies earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave media 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 near future.

Some companies that are related to Applied Industrial Technologies include A. O. Smith (AOS), Allegion (ALLE), Melrose Industries (MRO), Norsk Hydro ASA (NHYDY), ASAHI GLASS/ADR (ASGLY), James Hardie Industries (JHX), Nordson (NDSN), HD Supply (HDS), Graco (GGG), AB SKF (SKFRY), Halma (HLMAF), CAE (CAE), Pentair (PNR), Crown (CCK) and DAI NIPPON PRTG/S (DNPLY).

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%), Macquarie Group Ltd. (2.67%), Victory Capital Management Inc. (1.74%), Northern Trust Corp (1.53%) and Bank of New York Mellon Corp (1.50%). 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 Bank of New York Mellon Corp, GSA Capital Partners LLP, Barclays PLC, New York State Common Retirement Fund, Pegasus Partners Ltd., Stone Ridge Asset Management LLC, MetLife Investment Advisors LLC and Canada Pension Plan Investment Board. 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Macquarie Group Ltd., Millennium Management LLC, Hsbc Holdings PLC, Bank of America Corp DE, Geode Capital Management LLC, ClariVest Asset Management LLC and SG Americas Securities 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 $58.84.

Applied Industrial Technologies has a market capitalization of $2.28 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]