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. Stockholders 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 2.06%. 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) announced its quarterly earnings data 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 had revenue of $840 million for the quarter, compared to analysts' expectations of $855.94 million. Applied Industrial Technologies had a net margin of 4.80% and a return on equity of 20.03%. The company's quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 earnings per share. 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 guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus 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.

3 brokerages have issued 1-year target prices for Applied Industrial Technologies' stock. Their predictions range from $60.00 to $60.00. On average, they anticipate Applied Industrial Technologies' share price to reach $60.00 in the next twelve months. This suggests that the stock has a possible downside of 0.2%. View Analyst Price Targets 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.

News coverage about AIT stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news 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 nearest to five being the most favorable. Applied Industrial Technologies earned a news impact score of 2.3 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the stock's share price in the near future.

Some companies that are related to Applied Industrial Technologies include A. O. Smith (AOS), Allegion (ALLE), Melrose Industries (MRO), Norsk Hydro ASA (NHYDY), Nordson (NDSN), James Hardie Industries (JHX), HD Supply (HDS), ASAHI GLASS/ADR (ASGLY), Graco (GGG), AB SKF (SKFRY), Pentair (PNR), CAE (CAE), Halma (HLMAF), Crown (CCK) and DAI NIPPON PRTG/S (DNPLY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Industrial Technologies investors own include AbbVie (ABBV), Mastercard (MA), Danaher (DHR), Schlumberger (SLB), Tiffany & Co. (TIF), General Electric (GE), MEDNAX (MD), Clearway Energy Inc Class C (NYLD), Parsley Energy (PE) and Walmart (WMT).

Applied Industrial Technologies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.42%), Dimensional Fund Advisors LP (3.13%), Macquarie Group Ltd. (2.67%), Victory Capital Management Inc. (1.74%), Northern Trust Corp (1.53%) and Bank of New York Mellon Corp (1.50%). 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 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., Stone Ridge Asset Management LLC and MetLife Investment Advisors 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Macquarie Group Ltd., Millennium Management LLC, Hsbc Holdings PLC, Bank of America Corp DE, Geode Capital Management LLC, ClariVest Asset Management LLC and SG Americas Securities 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 $60.11.

Applied Industrial Technologies has a market capitalization of $2.33 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]