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

$69.58
-0.49 (-0.70 %)
(As of 02/16/2020 04:00 PM ET)
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Today's Range
$69.42
Now: $69.58
$70.27
50-Day Range
$64.30
MA: $66.60
$70.41
52-Week Range
$49.45
Now: $69.58
$70.62
Volume265,421 shs
Average VolumeN/A
Market CapitalizationN/A
P/E Ratio20.40
Dividend Yield1.84%
BetaN/A
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. Read More…

Industry, Sector and Symbol

Industry N/A
Sub-IndustryTrading Companies & Distributors
SectorN/A
CUSIP03820C10
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees6,650
Next Earnings Date4/24/2020 (Estimated)
OptionableOptionable

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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 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.

How were Applied Industrial Technologies' earnings last quarter?

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.

When is Applied Industrial Technologies' next earnings date?

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

What price target have analysts set for AIT?

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.

What is the consensus analysts' recommendation 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.

Has Applied Industrial Technologies been receiving favorable news coverage?

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.

Are investors shorting 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.

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), Exxon Mobil (XOM), Intel (INTC), Netflix (NFLX), PepsiCo (PEP), International Paper (IP), LyondellBasell Industries (LYB), Mastercard (MA) and Altria Group (MO).

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 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.

Which institutional investors are selling Applied Industrial Technologies stock?

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.

Which institutional investors are buying Applied Industrial Technologies stock?

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.

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, Robinhood, Fidelity and Charles Schwab.

What is Applied Industrial Technologies' stock price today?

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


MarketBeat Community Rating for Applied Industrial Technologies (NYSE AIT)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  198 (Vote Outperform)
Underperform Votes:  311 (Vote Underperform)
Total Votes:  509
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 2/16/2020 by MarketBeat.com Staff

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