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

$67.09
-0.58 (-0.86 %)
(As of 02/23/2020 03:27 PM ET)
Today's Range
$66.70
Now: $67.09
$67.74
50-Day Range
$64.30
MA: $66.84
$70.41
52-Week Range
$49.45
Now: $67.09
$70.62
Volume422,737 shs
Average Volume204,577 shs
Market Capitalization$2.60 billion
P/E Ratio19.67
Dividend Yield1.89%
Beta1.33
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 Machinery, equipment, & supplies
Sub-IndustryTrading Companies & Distributors
SectorIndustrial Products
CUSIP03820C10
Phone216-426-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.47 billion
Cash Flow$6.90 per share
Book Value$24.88 per share

Profitability

Net Income$143.99 million

Miscellaneous

Employees6,650
Market Cap$2.60 billion
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 paid a dividend of $0.32 per share on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date 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.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) announced its quarterly earnings data on Thursday, January, 23rd. The industrial products company reported $0.97 EPS for the quarter, topping analysts' consensus estimates 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 had a return on equity of 17.79% and a net margin of 3.85%. The company's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. 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 equities research analysts have issued 12-month target prices 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 12.4% 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 stories about AIT stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog 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 news sentiment score of -2.4 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Applied Industrial Technologies.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a decrease in short interest in 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 trading volume of 199,000 shares, the short-interest ratio is presently 3.5 days. Currently, 1.8% of the shares of the company are sold short. 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 a number of of retail and institutional 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 purchased 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 $67.09.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.60 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.

What is Applied Industrial Technologies' official website?

The official website for Applied Industrial Technologies is http://www.applied.com/.

How can I contact Applied Industrial Technologies?

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]


MarketBeat Community Rating for Applied Industrial Technologies (NYSE AIT)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  199 (Vote Outperform)
Underperform Votes:  312 (Vote Underperform)
Total Votes:  511
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 2/23/2020 by MarketBeat.com Staff

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