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

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

Applied Industrial Technologies declared a quarterly dividend on Friday, January 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.32 per share on Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, February 13th. This is a positive change from Applied Industrial Technologies's previous quarterly dividend of $0.31. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) issued its quarterly earnings results on Thursday, January, 23rd. The industrial products company reported $0.97 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.02. The industrial products company had revenue of $833.40 million for the quarter, compared to analysts' expectations of $847.19 million. Applied Industrial Technologies's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. View Applied Industrial Technologies' Earnings History.

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Friday, April 24th 2020. View Earnings Estimates for Applied Industrial Technologies.

Applied Industrial Technologies issued an update on its FY20 earnings guidance on Thursday, January, 23rd. The company provided EPS guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.35. The company issued revenue guidance of (2%) to flat yr/yr to $3.40-3.47 billion, compared to the consensus revenue estimate of $3.51 billion.

5 Wall Street analysts have issued 12-month price objectives for Applied Industrial Technologies' shares. Their forecasts range from $70.00 to $81.00. On average, they anticipate Applied Industrial Technologies' share price to reach $75.40 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price. View Analyst Price Targets for Applied Industrial Technologies.

5 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Applied Industrial Technologies.

News articles about AIT stock have been trending neutral on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Applied Industrial Technologies earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave news 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 near future. View News Stories for Applied Industrial Technologies.

Applied Industrial Technologies saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 688,600 shares, a decrease of 14.5% from the January 15th total of 805,600 shares. Based on an average daily trading volume, of 199,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 1.8% of the shares of the company are short sold. View Applied Industrial Technologies' Current Options Chain.

Some companies that are related to Applied Industrial Technologies include Aircastle (AYR), Air Lease (AL), Beacon Roofing Supply (BECN), BlueLinx (BXC), DXP Enterprises (DXPE), Fastenal (FAST), GATX (GATX), H&E Equipment Services (HEES), Houston Wire & Cable (HWCC), Kaman (KAMN), MRC Global (MRC), MSC Industrial Direct (MSM), Rush Enterprises (RUSHA), Textainer Group (TGH) and Titan Machinery (TITN).

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

Applied Industrial Technologies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (3.78%), Victory Capital Management Inc. (3.75%), State Street Corp (2.97%), FMR LLC (2.03%), Palisade Capital Management LLC NJ (1.66%) and Bank of New York Mellon Corp (1.44%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, Joe Anthony Raver, L Thomas Hiltz and Peter C Wallace. 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, Bank of America Corp DE, Eaton Vance Management, California Public Employees Retirement System, Raymond James & Associates, Arizona State Retirement System, Cubist Systematic Strategies LLC and Credit Suisse AG. View Insider Buying and Selling for Applied Industrial Technologies.

AIT stock was acquired by a variety of institutional investors in the last quarter, including Cramer Rosenthal Mcglynn LLC, Amundi Pioneer Asset Management Inc., FMR LLC, Tygh Capital Management Inc., Victory Capital Management Inc., Victory Capital Management Inc., Mutual of America Capital Management LLC and Scout Investments 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, Robinhood, Fidelity and Charles Schwab.

One share of AIT stock can currently be purchased for approximately $69.58.