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

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$55.78 +0.74 (+1.34 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$55.04
Today's Range$54.41 - $55.79
52-Week Range$50.56 - $82.35
Volume120,186 shs
Average Volume195,267 shs
Market Capitalization$2.15 billion
P/E Ratio14.91
Dividend Yield2.25%
Beta1.27
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
CIK109563
Webwww.applied.com
Phone216-426-4000

Debt

Debt-to-Equity Ratio1.06
Current Ratio2.70
Quick Ratio1.61

Price-To-Earnings

Trailing P/E Ratio14.91
Forward P/E Ratio12.18
P/E Growth1

Sales & Book Value

Annual Sales$3.07 billion
Price / Sales0.70
Cash Flow$5.1985 per share
Price / Cash Flow10.73
Book Value$22.88 per share
Price / Book2.44

Profitability

EPS (Most Recent Fiscal Year)$3.74
Net Income$141.62 million
Net Margins4.14%
Return on Equity20.06%
Return on Assets7.54%

Miscellaneous

Employees6,634
Outstanding Shares38,593,000
Market Cap$2.15 billion
Next Earnings Date8/9/2019 (Estimated)
OptionableOptionable

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 Monday, April 29th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.31 per share on Friday, May 31st. This represents a $1.24 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, May 14th. View Applied Industrial Technologies' Dividend History.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) released its earnings results on Friday, April, 26th. The industrial products company reported $1.16 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.17 by $0.01. The industrial products company earned $885.44 million during the quarter, compared to the consensus estimate of $891.73 million. Applied Industrial Technologies had a net margin of 4.14% and a return on equity of 20.06%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 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 Friday, August 9th 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 FY19 earnings guidance on Friday, April, 26th. The company provided EPS guidance of $4.50-4.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.59. The company issued revenue guidance of $3.5-3.53 billion (+14-15% y/y), compared to the consensus revenue estimate of $3.52 billion.Applied Industrial Technologies also updated its FY 2019 guidance to $4.50-4.60 EPS.

What price target have analysts set for AIT?

4 brokerages have issued 1 year target prices for Applied Industrial Technologies' shares. Their predictions range from $60.00 to $70.00. On average, they expect Applied Industrial Technologies' share price to reach $65.00 in the next year. This suggests a possible upside of 16.5% from the stock's current price. View Analyst Price Targets for Applied Industrial Technologies.

What is the consensus analysts' recommendation for Applied Industrial Technologies?

4 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 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?

Headlines about AIT stock have trended somewhat negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Applied Industrial Technologies earned a coverage optimism score of -1.6 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.

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), Mastercard (MA), Intel (INTC), LyondellBasell Industries (LYB), eBay (EBAY), Alphabet (GOOG), Netflix (NFLX), PepsiCo (PEP) and QUALCOMM (QCOM).

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 many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.08%), JPMorgan Chase & Co. (6.57%), Dimensional Fund Advisors LP (3.27%), Victory Capital Management Inc. (2.71%), Macquarie Group Ltd. (2.61%) and Wells Fargo & Company MN (2.46%). 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.

Which major investors are selling Applied Industrial Technologies stock?

AIT stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, Algert Global LLC, SG Americas Securities LLC, First Trust Advisors LP, Hsbc Holdings PLC, ClariVest Asset Management LLC and Macquarie Group Ltd.. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Green Edith Kelly, L Thomas Hiltz and Peter C Wallace. View Insider Buying and Selling for Applied Industrial Technologies.

Which major investors are buying Applied Industrial Technologies stock?

AIT stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Fort Washington Investment Advisors Inc. OH, BlackRock Inc., Dimensional Fund Advisors LP, Wells Fargo & Company MN, Geode Capital Management LLC, Charles Schwab Investment Management Inc. and Goldman Sachs Group Inc.. 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 $55.78.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.15 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 216-426-4000 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:  147 (Vote Outperform)
Underperform Votes:  268 (Vote Underperform)
Total Votes:  415
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 5/20/2019 by MarketBeat.com Staff

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