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. Shareholders 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 dividend yield of 2.14%. The ex-dividend date is Wednesday, November 14th. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) released its quarterly earnings data on Wednesday, October, 31st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.12. The industrial products company had revenue of $864.50 million for the quarter, compared to the consensus estimate of $874.74 million. Applied Industrial Technologies had a return on equity of 19.66% and a net margin of 4.82%. The business's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the company 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 updated its FY19 earnings guidance on Wednesday, October, 31st. The company provided earnings per share (EPS) guidance of $4.55-4.75 for the period, compared to the Thomson Reuters consensus earnings per share 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 Wall Street analysts have issued 1-year price targets for Applied Industrial Technologies' stock. Their predictions range from $75.00 to $75.00. On average, they anticipate Applied Industrial Technologies' stock price to reach $75.00 in the next year. This suggests a possible upside of 33.8% 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 stories about AIT stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. 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 news impact score of 1.9 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future.

Some companies that are related to Applied Industrial Technologies include Packaging Corp Of America (PKG), Allegion (ALLE), Avery Dennison (AVY), ASAHI GLASS/ADR (ASGLY), A. O. Smith (AOS), Graco (GGG), Nordson (NDSN), Pentair (PNR), AB SKF (SKFRY), HD Supply (HDS), DAI NIPPON PRTG/S (DNPLY), Halma (HLMAF), Berry Global Group (BERY), AptarGroup (ATR) and Crown (CCK).

Applied Industrial Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.73%), Vanguard Group Inc. (10.01%), Vanguard Group Inc (10.01%), JPMorgan Chase & Co. (6.10%), Dimensional Fund Advisors LP (3.09%) and FMR LLC (2.83%). 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, Neuberger Berman Group LLC 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, Rehmann Capital Advisory Group, Strs Ohio and Vanguard Group Inc. 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 $56.05.

Applied Industrial Technologies has a market capitalization of $2.21 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]