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 Thursday, January 24th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.31 per share on Thursday, February 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, February 14th. This is a positive change from Applied Industrial Technologies's previous quarterly dividend of $0.30. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) posted its earnings results on Thursday, January, 24th. The industrial products company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by $0.07. The industrial products company earned $840 million during the quarter, compared to analyst estimates of $855.94 million. Applied Industrial Technologies had a return on equity of 20.03% and a net margin of 4.80%. The business's revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. View Applied Industrial Technologies' Earnings History.

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Applied Industrial Technologies.

Applied Industrial Technologies updated its FY19 earnings guidance on Thursday, January, 24th. The company provided earnings per share (EPS) guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.80. The company issued revenue guidance of +12.5-15.0% YoY to ~$3.46-3.52 billion, compared to the consensus revenue estimate of $3.60 billion.Applied Industrial Technologies also updated its FY 2019 guidance to $4.45-4.65 EPS.

4 equities research analysts have issued 1 year target prices for Applied Industrial Technologies' stock. Their predictions range from $60.00 to $70.00. On average, they expect Applied Industrial Technologies' stock price to reach $65.00 in the next year. This suggests a possible upside of 15.8% from the stock's current price. View Analyst Price Targets 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.

News articles about AIT stock have been trending neutral this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Applied Industrial Technologies earned a coverage optimism score of 0.5 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term.

Some companies that are related to Applied Industrial Technologies include Avery Dennison (AVY), Melrose Industries (MRO), Packaging Corp Of America (PKG), A. O. Smith (AOS), Norsk Hydro ASA (NHYDY), Allegion (ALLE), Halma (HLMAF), Graco (GGG), ASAHI GLASS/ADR (ASGLY), James Hardie Industries (JHX), CAE (CAE), Nordson (NDSN), SKF (SKFRY), Crown (CCK) and Pentair (PNR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Industrial Technologies investors own include AbbVie (ABBV), Mastercard (MA), Danaher (DHR), Home Depot (HD), Schlumberger (SLB), Boyd Gaming (BYD), Tiffany & Co. (TIF), General Electric (GE), MEDNAX (MD) and Oracle (ORCL).

Applied Industrial Technologies' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.42%), Dimensional Fund Advisors LP (3.13%), FMR LLC (2.75%), Macquarie Group Ltd. (2.67%), Norges Bank (2.15%) and Victory Capital Management Inc. (1.74%). 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 FMR LLC, Bank of New York Mellon Corp, Barrow Hanley Mewhinney & Strauss LLC, GSA Capital Partners LLP, Barclays PLC, New York State Common Retirement Fund, Pegasus Partners Ltd. and Stone Ridge Asset Management LLC. 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.

AIT stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Macquarie Group Ltd., Millennium Management LLC, Hsbc Holdings PLC, Bank of America Corp DE, Geode Capital Management LLC and Geode Capital Management LLC. 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 $56.12.

Applied Industrial Technologies has a market capitalization of $2.18 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]