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

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$69.90 +0.06 (+0.09 %)

(As of 10/23/2018 03:27 PM ET)

Previous Close$69.84

Today's Range$67.50 - $70.07

52-Week Range$59.65 - $82.35

Volume82,131 shs

Average Volume168,947 shs

Market Capitalization$2.70 billion

P/E Ratio18.69

Dividend Yield1.72%

Beta0.87

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

Stock Exchange NYSE

Industry Machinery, equipment, & supplies

Sub-IndustryTrading Companies & Distributors

SectorIndustrial Products

Current SymbolNYSE:AIT

Previous Symbol

CUSIP03820C10

Webwww.applied.com

Phone216-426-4753

Debt

Debt-to-Equity Ratio1.16

Current Ratio2.45

Quick Ratio1.47

Price-To-Earnings

Trailing P/E Ratio18.69

Forward P/E Ratio15.03

P/E Growth1.25

Sales & Book Value

Annual Sales$3.07 billion

Price / Sales0.88

Cash Flow$5.1435 per share

Price / Cash13.59

Book Value$21.06 per share

Price / Book3.32

Profitability

EPS (Most Recent Fiscal Year)$3.74

Net Income$141.62 million

Net Margins4.61%

Return on Equity18.34%

Return on Assets7.92%

Miscellaneous

Employees6,634

Outstanding Shares38,750,000

Market Cap$2.70 billion

OptionableN/A

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 declared a quarterly dividend on Thursday, June 21st. Investors of record on Wednesday, August 15th will be given a dividend of $0.30 per share on Friday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, August 14th. View Applied Industrial Technologies' Dividend History.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) issued its quarterly earnings data on Friday, August, 10th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. The industrial products company had revenue of $897.70 million for the quarter, compared to analysts' expectations of $882.74 million. Applied Industrial Technologies had a net margin of 4.61% and a return on equity of 18.34%. The firm's revenue was up 135.3% compared to the same quarter last year. During the same period last year, the company posted $0.78 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 31st 2018. 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 Friday, August, 10th. The company provided earnings per share guidance of $4.48-4.68 for the period, compared to the Thomson Reuters consensus estimate of $4.67. The company issued revenue guidance of +16-18% to ~$3.56-3.63 billion, compared to the consensus revenue estimate of $3.56 billion.

What price target have analysts set for AIT?

3 analysts have issued twelve-month price objectives for Applied Industrial Technologies' stock. Their predictions range from $80.00 to $80.00. On average, they expect Applied Industrial Technologies' stock price to reach $80.00 in the next twelve months. This suggests a possible upside of 15.2% 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 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Applied Industrial Technologies.

Who are some of Applied Industrial Technologies' key competitors?

Some companies that are related to Applied Industrial Technologies include Norsk Hydro ASA (NHYDY), IDEX (IEX), James Hardie Industries (JHX), Snc-Lavalin Group (SNC), Zebra Technologies (ZBRA), ASAHI GLASS/ADR (ASGLY), Avery Dennison (AVY), Packaging Corp Of America (PKG), Allegion (ALLE), A. O. Smith (AOS), Alstom (ALO), AB SKF (SKFRY), Alcoa (AA), Nordson (NDSN) and HD Supply (HDS).

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the folowing people:

Mr. Neil A. Schrimsher, Pres, CEO & Director (Age 54)
Mr. David K. Wells, VP, CFO & Treasurer (Age 56)
Mr. Fred D. Bauer, VP, Gen. Counsel & Sec. (Age 52)
Mr. Kurt W. Loring, VP & Chief Human Resource Officer (Age 49)
Mr. Christopher Macey, Corp. Controller & Principal Accounting Officer (Age 45)

Who are Applied Industrial Technologies' major shareholders?

Applied Industrial Technologies' stock is owned by a number of of institutional and retail investors. Top institutional investors include BTIM Corp. (1.18%), Copper Rock Capital Partners LLC (0.72%), Strs Ohio (0.13%) and Aperio Group LLC (0.05%). Company insiders that own Applied Industrial Technologies stock include Fred D Bauer, Green Edith Kelly, Joe Anthony Raver, L Thomas Hiltz, Mark O Eisele, Peter A Dorsman, 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 BTIM Corp.. 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.

Which major investors are buying Applied Industrial Technologies stock?

AIT stock was acquired by a variety of institutional investors in the last quarter, including Strs Ohio, Copper Rock Capital Partners LLC and Aperio Group 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 $69.45.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.70 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 216-426-4753 or via email at [email protected]

MarketBeat Community Rating for Applied Industrial Technologies (NYSE AIT)

Community Ranking:		1.7 out of 5 ()
Outperform Votes:		123 (Vote Outperform)
Underperform Votes:		229 (Vote Underperform)
Total Votes:		352

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 10/23/2018 by MarketBeat.com Staff

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