NYSE:AITApplied Industrial Technologies Stock Price, Forecast & News

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AIT shares have decreased by 2.8% and is now trading at $46.27. View which stocks have been mosted impacted by Coronavirus.

4 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Applied Industrial Technologies.

Applied Industrial Technologies is scheduled to release its next quarterly earnings announcement on Friday, April 24th 2020. View our earnings forecast for Applied Industrial Technologies.

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 analysts' consensus estimates of $0.95 by $0.02. The industrial products company had revenue of $833.40 million for the quarter, compared to analyst estimates of $847.19 million. Applied Industrial Technologies had a return on equity of 17.79% and a net margin of 3.85%. The business's revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share. View Applied Industrial Technologies' earnings history.

Applied Industrial Technologies declared a quarterly dividend on Friday, January 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.32 per share on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, February 13th. This is a boost from Applied Industrial Technologies's previous quarterly dividend of $0.31. View Applied Industrial Technologies' dividend history.

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 earnings per share 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.

4 brokerages have issued 1-year price targets for Applied Industrial Technologies' stock. Their forecasts range from $60.00 to $81.00. On average, they expect Applied Industrial Technologies' share price to reach $73.00 in the next twelve months. This suggests a possible upside of 57.8% from the stock's current price. View analysts' price targets for Applied Industrial Technologies.

News coverage about AIT stock has trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Applied Industrial Technologies earned a news impact score of -3.3 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutApplied Industrial Technologies.

Applied Industrial Technologies saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 685,900 shares, a drop of 21.3% from the February 27th total of 871,200 shares. Based on an average daily volume of 220,200 shares, the short-interest ratio is presently 3.1 days. Approximately 1.8% of the shares of the company are sold short. View Applied Industrial Technologies' Current Options Chain.

Some companies that are related to Applied Industrial Technologies include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Aircastle (AYR), Air Lease (AL), GATX (GATX), Rush Enterprises (RUSHA), WESCO International (WCC), Kaman (KAMN), Beacon Roofing Supply (BECN), H&E Equipment Services (HEES), Textainer Group (TGH) and MRC Global (MRC).

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

Applied Industrial Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%). 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 bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity 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 $46.27.

Applied Industrial Technologies has a market capitalization of $1.79 billion and generates $3.47 billion in revenue each year. The industrial products company earns $143.99 million in net income (profit) each year or $4.41 on an earnings per share basis. Applied Industrial Technologies employs 6,650 workers across the globe. View additional information about Applied Industrial Technologies.

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]