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, June 20th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.31 per share on Friday, August 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, August 14th. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) announced its quarterly earnings results on Wednesday, August, 14th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by $0.17. The industrial products company had revenue of $882.70 million for the quarter, compared to analysts' expectations of $919.72 million. Applied Industrial Technologies had a return on equity of 19.53% and a net margin of 4.15%. The company's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. View Applied Industrial Technologies' Earnings History.

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for Applied Industrial Technologies.

Applied Industrial Technologies updated its FY20 earnings guidance on Wednesday, August, 14th. The company provided earnings per share guidance of $4.20-4.50 for the period, compared to the Thomson Reuters consensus estimate of $4.93. The company issued revenue guidance of (2%) - 2% to $3.40-3.54 billion, compared to the consensus revenue estimate of $3.67 billion.

3 analysts have issued 1 year target prices for Applied Industrial Technologies' shares. Their forecasts range from $55.00 to $70.00. On average, they anticipate Applied Industrial Technologies' share price to reach $63.3333 in the next year. This suggests a possible upside of 15.4% from the stock's current price. 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 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Applied Industrial Technologies.

News stories about AIT stock have been trending negative on Thursday, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Applied Industrial Technologies earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Applied Industrial Technologies.

Applied Industrial Technologies saw a drop in short interest in the month of August. As of August 15th, there was short interest totalling 345,000 shares, a drop of 28.5% from the July 15th total of 482,800 shares. Based on an average trading volume of 172,300 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.9% of the shares of the stock are sold short. View Applied Industrial Technologies' Current Options Chain.

Some companies that are related to Applied Industrial Technologies include Crown (CCK), Nordson (NDSN), AB SKF (SKFRY), A. O. Smith (AOS), DAI NIPPON PRTG/S (DNPLY), Graco (GGG), Norsk Hydro ASA (NHYDY), Fortune Brands Home & Security (FBHS), AptarGroup (ATR), Hubbell (HUBB), DISCO CORP/ADR (DSCSY), Xerox (XRX), Reliance Steel & Aluminum (RS), Donaldson (DCI) and Middleby (MIDD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Industrial Technologies investors own include AbbVie (ABBV), Danaher (DHR), DXC Technology (DXC), LyondellBasell Industries (LYB), Mastercard (MA), American Airlines Group (AAL), Intel (INTC), International Paper (IP), Parsley Energy (PE) and Schlumberger (SLB).

Applied Industrial Technologies' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.18%), BlackRock Inc. (17.17%), Vanguard Group Inc. (10.43%), JPMorgan Chase & Co. (6.59%), Victory Capital Management Inc. (2.94%) and Wells Fargo & Company MN (2.05%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, Joe Anthony Raver, L Thomas Hiltz, 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 RE Advisers Corp, Balyasny Asset Management LLC, Wells Fargo & Company MN, Panagora Asset Management Inc., Bahl & Gaynor Inc., Vanguard Group Inc., Price T Rowe Associates Inc. MD and Fort Washington Investment Advisors Inc. OH. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Green Edith Kelly and Jerry Sue Thornton. View Insider Buying and Selling for Applied Industrial Technologies.

AIT stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Morgan Stanley, Copper Rock Capital Partners LLC, Victory Capital Management Inc., Emerald Advisers LLC, Man Group plc, Emerald Mutual Fund Advisers Trust and Carlson Capital L P. 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, Robinhood, Fidelity and Charles Schwab.

One share of AIT stock can currently be purchased for approximately $54.86.

Applied Industrial Technologies has a market capitalization of $2.12 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]