NYSE:AITApplied Industrial Technologies Stock Price, Forecast & News

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AIT stock has increased by 0.8% and is now trading at $47.97. View which stocks have been most 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) posted its quarterly earnings data on Thursday, January, 23rd. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.02. The industrial products company earned $833.40 million during the quarter, compared to analyst estimates of $847.19 million. Applied Industrial Technologies had a net margin of 3.85% and a return on equity of 17.79%. The business's revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. View Applied Industrial Technologies' earnings history.

Applied Industrial Technologies announced a quarterly dividend on Friday, January 24th. Shareholders 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 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend 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 updated its FY20 earnings guidance on Thursday, January, 23rd. The company provided earnings per share (EPS) guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus EPS 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 Wall Street analysts have issued 12 month price objectives for Applied Industrial Technologies' stock. Their forecasts range from $60.00 to $81.00. On average, they anticipate Applied Industrial Technologies' share price to reach $73.00 in the next twelve months. This suggests a possible upside of 52.2% from the stock's current price. View analysts' price targets for Applied Industrial Technologies.

Media headlines about AIT stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. 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 daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutApplied Industrial Technologies.

Applied Industrial Technologies saw a decrease in short interest in March. As of March 13th, there was short interest totaling 685,900 shares, a decrease 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 short sold. 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), Air Lease (AL), Aircastle (AYR), 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 retail and institutional 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 acquired 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 $47.97.

Applied Industrial Technologies has a market capitalization of $1.86 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]