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

$57.25
+0.72 (+1.27 %)
(As of 09/15/2019 08:22 AM ET)
Today's Range
$56.31
Now: $57.25
$57.6050
50-Day Range
$50.74
MA: $55.03
$62.21
52-Week Range
$49.45
Now: $57.25
$82.35
Volume206,747 shs
Average Volume246,745 shs
Market Capitalization$2.21 billion
P/E Ratio12.98
Dividend Yield2.19%
Beta1.35
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. Read More…

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$3.47 billion
Cash Flow$7.0505 per share
Book Value$23.24 per share

Profitability

Net Income$143.99 million

Miscellaneous

Employees6,650
Market Cap$2.21 billion
Next Earnings Date10/30/2019 (Estimated)
OptionableOptionable

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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, June 20th. Investors of record on Thursday, August 15th will be given a dividend of $0.31 per share on Friday, August 30th. This represents a $1.24 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, August 14th. View Applied Industrial Technologies' Dividend History.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) announced its quarterly earnings results on Wednesday, August, 14th. The industrial products company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.19 by $0.17. The industrial products company earned $882.70 million during the quarter, compared to analyst estimates of $919.72 million. Applied Industrial Technologies had a return on equity of 19.53% and a net margin of 4.15%. The company's revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 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 Wednesday, October 30th 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 FY20 earnings guidance on Wednesday, August, 14th. The company provided earnings per share (EPS) guidance of $4.20-4.50 for the period, compared to the Thomson Reuters consensus estimate of $4.93. The company issued revenue guidance of (2%) - 2% to $3.40-3.54 billion, compared to the consensus revenue estimate of $3.67 billion.

What price target have analysts set for AIT?

3 Wall Street analysts have issued 12 month price targets for Applied Industrial Technologies' shares. Their predictions range from $55.00 to $70.00. On average, they anticipate Applied Industrial Technologies' stock price to reach $63.3333 in the next year. This suggests a possible upside of 10.6% from the stock's current price. View Analyst Price Targets for Applied Industrial Technologies.

What is the consensus analysts' recommendation 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 1 hold rating 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?

Media stories about AIT stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Applied Industrial Technologies earned a news impact score of 0.9 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Applied Industrial Technologies.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a decrease in short interest in August. As of August 15th, there was short interest totalling 345,000 shares, a decrease of 28.5% from the July 15th total of 482,800 shares. Based on an average trading volume of 172,300 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.9% of the shares of the company are short sold. View Applied Industrial Technologies' Current Options Chain.

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), Danaher (DHR), DXC Technology (DXC), LyondellBasell Industries (LYB), Mastercard (MA), American Airlines Group (AAL), Intel (INTC), International Paper (IP), Parsley Energy (PE) and Schlumberger (SLB).

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 investors include BlackRock Inc. (17.18%), BlackRock Inc. (17.17%), Vanguard Group Inc. (10.43%), JPMorgan Chase & Co. (6.59%), Victory Capital Management Inc. (2.94%) and Wells Fargo & Company MN (2.05%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, Joe Anthony Raver, L Thomas Hiltz, Peter C Wallace and Todd A Barlett. View Institutional Ownership Trends for Applied Industrial Technologies.

Which institutional investors are selling Applied Industrial Technologies stock?

AIT stock was sold by a variety of institutional investors in the last quarter, including RE Advisers Corp, Balyasny Asset Management LLC, Wells Fargo & Company MN, Panagora Asset Management Inc., Bahl & Gaynor Inc., Vanguard Group Inc., Price T Rowe Associates Inc. MD and Fort Washington Investment Advisors Inc. OH. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Green Edith Kelly and Jerry Sue Thornton. View Insider Buying and Selling for Applied Industrial Technologies.

Which institutional investors are buying Applied Industrial Technologies stock?

AIT stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Morgan Stanley, Copper Rock Capital Partners LLC, Victory Capital Management Inc., Emerald Advisers LLC, Man Group plc, Emerald Mutual Fund Advisers Trust and Carlson Capital L P. 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, Robinhood, Fidelity and Charles Schwab.

What is Applied Industrial Technologies' stock price today?

One share of AIT stock can currently be purchased for approximately $57.25.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.21 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.View Additional Information About Applied Industrial Technologies.

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:  166 (Vote Outperform)
Underperform Votes:  284 (Vote Underperform)
Total Votes:  450
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 9/15/2019 by MarketBeat.com Staff

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