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 announced a quarterly dividend on Thursday, January 24th. Stockholders of record on Friday, February 15th will be given a dividend of $0.31 per share on Thursday, February 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, February 14th. This is a boost from Applied Industrial Technologies's previous quarterly dividend of $0.30. View Applied Industrial Technologies' Dividend History.

Applied Industrial Technologies (NYSE:AIT) announced its earnings results on Thursday, January, 24th. The industrial products company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.07. The industrial products company had revenue of $840 million for the quarter, compared to analysts' expectations of $855.94 million. Applied Industrial Technologies had a net margin of 4.80% and a return on equity of 20.03%. The company's quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share. View Applied Industrial Technologies' Earnings History.

Applied Industrial Technologies is scheduled to release their next quarterly earnings announcement on Friday, April 26th 2019. View Earnings Estimates for Applied Industrial Technologies.

Applied Industrial Technologies updated its FY19 earnings guidance on Thursday, January, 24th. The company provided EPS guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus estimate of $4.80. The company issued revenue guidance of +12.5-15.0% YoY to ~$3.46-3.52 billion, compared to the consensus revenue estimate of $3.60 billion.Applied Industrial Technologies also updated its FY 2019 guidance to $4.45-4.65 EPS.

4 brokers have issued 1 year target prices for Applied Industrial Technologies' shares. Their forecasts range from $60.00 to $70.00. On average, they anticipate Applied Industrial Technologies' stock price to reach $65.00 in the next year. This suggests a possible upside of 2.4% from the stock's current price. View Analyst Price Targets for Applied Industrial Technologies.

4 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Applied Industrial Technologies.

Headlines about AIT stock have trended somewhat positive on Wednesday, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Applied Industrial Technologies earned a media sentiment score of 1.6 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.

Some companies that are related to Applied Industrial Technologies include Melrose Industries (MRO), A. O. Smith (AOS), Avery Dennison (AVY), Norsk Hydro ASA (NHYDY), Packaging Corp Of America (PKG), Allegion (ALLE), Graco (GGG), AB SKF (SKFRY), James Hardie Industries (JHX), Nordson (NDSN), CAE (CAE), Crown (CCK), ASAHI GLASS/ADR (ASGLY), HD Supply (HDS) and Berry Global Group (BERY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Industrial Technologies investors own include AbbVie (ABBV), Intel (INTC), Mastercard (MA), QUALCOMM (QCOM), Texas Instruments (TXN), Danaher (DHR), eBay (EBAY), Alphabet (GOOG), Micron Technology (MU) and NVIDIA (NVDA).

Applied Industrial Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BTIM Corp. (1.17%), Copper Rock Capital Partners LLC (0.72%), Strs Ohio (0.20%), Fruth Investment Management (0.06%), Foundry Partners LLC (0.02%) and Kanawha Capital Management LLC (0.02%). 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 Copper Rock Capital Partners LLC and Kanawha Capital Management LLC. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Green Edith Kelly, L Thomas Hiltz and Peter C Wallace. View Insider Buying and Selling for Applied Industrial Technologies.

AIT stock was acquired by a variety of institutional investors in the last quarter, including Strs Ohio, Foundry Partners LLC, BTIM Corp. and Fruth Investment Management. 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 $63.49.

Applied Industrial Technologies has a market capitalization of $2.46 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]