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 Wednesday, October 31st. Investors of record on Thursday, November 15th will be paid a dividend of $0.30 per share on Friday, November 30th. This represents a $1.20 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 14th. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) announced its quarterly earnings results on Wednesday, October, 31st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.12 by $0.12. The industrial products company had revenue of $864.50 million for the quarter, compared to analyst estimates of $874.74 million. Applied Industrial Technologies had a return on equity of 19.66% and a net margin of 4.82%. The company's revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. View Applied Industrial Technologies' Earnings History.

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for Applied Industrial Technologies.

Applied Industrial Technologies issued an update on its FY19 earnings guidance on Wednesday, October, 31st. The company provided earnings per share (EPS) guidance of $4.55-4.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.68. The company issued revenue guidance of $3.56-$3.63 billion, compared to the consensus revenue estimate of $3.61 billion.Applied Industrial Technologies also updated its FY 2019 guidance to $4.65-4.85 EPS.

3 Wall Street analysts have issued 1-year price objectives for Applied Industrial Technologies' shares. Their forecasts range from $75.00 to $75.00. On average, they expect Applied Industrial Technologies' share price to reach $75.00 in the next year. This suggests a possible upside of 31.1% 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 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 stories about AIT stock have been trending somewhat positive on Friday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing 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 nearest to five being the most favorable. Applied Industrial Technologies earned a news impact score of 1.8 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the next several days.

Some companies that are related to Applied Industrial Technologies include Packaging Corp Of America (PKG), Allegion (ALLE), Avery Dennison (AVY), A. O. Smith (AOS), Graco (GGG), ASAHI GLASS/ADR (ASGLY), Pentair (PNR), HD Supply (HDS), AB SKF (SKFRY), DAI NIPPON PRTG/S (DNPLY), Nordson (NDSN), Halma (HLMAF), Berry Global Group (BERY), AptarGroup (ATR) and Crown (CCK).

Applied Industrial Technologies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.73%), Vanguard Group Inc (10.01%), Vanguard Group Inc. (10.01%), JPMorgan Chase & Co. (6.10%), Dimensional Fund Advisors LP (3.09%) and FMR LLC (2.83%). 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 RE Advisers Corp, Prudential Financial Inc., Hsbc Holdings PLC, Grace & White Inc. NY, Wells Fargo & Company MN, Dupont Capital Management Corp, Neuberger Berman Group LLC and Robeco Institutional Asset Management B.V.. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Green Edith Kelly, L Thomas Hiltz, Peter C Wallace and Todd A Barlett. View Insider Buying and Selling for Applied Industrial Technologies.

AIT stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., FMR LLC, Macquarie Group Ltd., BlackRock Inc., Canada Pension Plan Investment Board, Rehmann Capital Advisory Group, Strs Ohio and Vanguard Group Inc. 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 $57.22.

Applied Industrial Technologies has a market capitalization of $2.30 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]