NYSE:AITApplied Industrial Technologies Stock Price, Forecast & News

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AIT shares have increased by 24.3% and is now trading at $59.14. View which stocks have been most impacted by Coronavirus.

4 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Applied Industrial Technologies.

Applied Industrial Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for Applied Industrial Technologies.

Applied Industrial Technologies (NYSE:AIT) posted its earnings results on Thursday, April, 30th. The industrial products company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.01. The industrial products company earned $830.80 million during the quarter, compared to analyst estimates of $858.94 million. Applied Industrial Technologies had a net margin of 0.99% and a return on equity of 17.40%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. View Applied Industrial Technologies' earnings history.

Applied Industrial Technologies announced a quarterly dividend on Monday, June 29th. Stockholders of record on Friday, August 14th will be given a dividend of $0.32 per share on Monday, August 31st. This represents a $1.28 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, August 13th. View Applied Industrial Technologies' dividend history.

4 brokerages have issued 12-month price targets for Applied Industrial Technologies' shares. Their forecasts range from $70.00 to $81.00. On average, they expect Applied Industrial Technologies' stock price to reach $74.25 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price. View analysts' price targets for Applied Industrial Technologies.

Media stories about AIT stock have trended positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Applied Industrial Technologies earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Applied Industrial Technologies.

Applied Industrial Technologies saw a drop in short interest in June. As of June 15th, there was short interest totaling 503,600 shares, a drop of 7.4% from the May 31st total of 543,800 shares. Based on an average trading volume of 259,200 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the company's shares are sold short. View Applied Industrial Technologies' Current Options Chain.

Some companies that are related to Applied Industrial Technologies include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Air Lease (AL), GATX (GATX), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), WESCO International (WCC), Kaman (KAMN), H&E Equipment Services (HEES), Textainer Group (TGH), MRC Global (MRC) and DXP Enterprises (DXPE). View all competitors.

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

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

Applied Industrial Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.09%) and Envestnet Asset Management Inc. (0.04%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, L Thomas Hiltz, Neil A Schrimsher and Peter C Wallace. View institutional ownership trends for Applied Industrial Technologies.

AIT stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and State of Alaska Department of Revenue. View insider buying and selling activity 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 $59.14.

Applied Industrial Technologies has a market capitalization of $2.29 billion and generates $3.47 billion in revenue each year. The industrial products company earns $143.99 million in net income (profit) each year or $4.41 on an earnings per share basis. Applied Industrial Technologies employs 6,650 workers across the globe.

The official website for Applied Industrial Technologies is 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]