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NYSE:AITApplied Industrial Technologies Stock Price, Forecast & News

$69.05
+0.38 (+0.55 %)
(As of 08/11/2020 04:00 PM ET)
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Compare
Today's Range
$68.82
Now: $69.05
$70.25
50-Day Range
$58.27
MA: $62.71
$68.67
52-Week Range
$30.66
Now: $69.05
$70.62
Volume216,080 shs
Average Volume230,383 shs
Market Capitalization$2.67 billion
P/E Ratio81.24
Dividend Yield1.86%
Beta1.35
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. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and hydraulic, pneumatic, lubrication, filtration, and flow control components and systems. It also operates fabricated rubber shops that modify and repair conveyor belts, as well as provide hose assemblies; and rubber service field crews to install and repair conveyor belts and rubber lining at customer locations. In addition, the company rebuilds or assembles speed reducers, pumps, valves, cylinders, and electric and hydraulic motors, as well as custom machining products; and offers flow control and technical support services. It offers industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, mining, oil and gas, primary metals, transportation, and utilities, as well as to government entities. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.
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Applied Industrial Technologies logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.38 out of 5 stars


Industry, Sector and Symbol

Industry Machinery, equipment, & supplies
Sub-IndustryTrading Companies & Distributors
CUSIP03820C10
Phone216-426-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.47 billion
Cash Flow$7.15 per share
Book Value$23.24 per share

Profitability

Net Income$143.99 million

Miscellaneous

Employees6,650
Market Cap$2.67 billion
Next Earnings Date8/12/2020 (Confirmed)
OptionableOptionable
$69.05
+0.38 (+0.55 %)
(As of 08/11/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Applied Industrial Technologies (NYSE:AIT) Frequently Asked Questions

How has Applied Industrial Technologies' stock been impacted by COVID-19 (Coronavirus)?

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 45.1% and is now trading at $69.05.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of 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 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Applied Industrial Technologies
.

When is Applied Industrial Technologies' next earnings date?

Applied Industrial Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020.
View our earnings forecast for Applied Industrial Technologies
.

How can I listen to Applied Industrial Technologies' earnings call?

Applied Industrial Technologies will be holding an earnings conference call on Wednesday, August 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Applied Industrial Technologies' earnings last quarter?

Applied Industrial Technologies (NYSE:AIT) issued its earnings results on Thursday, April, 30th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.01 by $0.01. The industrial products company earned $830.80 million during the quarter, compared to the consensus estimate of $858.94 million. Applied Industrial Technologies had a return on equity of 17.40% and a net margin of 0.99%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS.
View Applied Industrial Technologies' earnings history
.

How often does Applied Industrial Technologies pay dividends? What is the dividend yield for Applied Industrial Technologies?

Applied Industrial Technologies announced a quarterly dividend on Monday, June 29th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.32 per share on Monday, August 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, August 13th.
View Applied Industrial Technologies' dividend history
.

What price target have analysts set for AIT?

4 brokers have issued 1 year price objectives for Applied Industrial Technologies' stock. Their forecasts range from $70.00 to $81.00. On average, they anticipate Applied Industrial Technologies' stock price to reach $74.25 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
View analysts' price targets for Applied Industrial Technologies
.

Has Applied Industrial Technologies been receiving favorable news coverage?

News stories about AIT stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Applied Industrial Technologies earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Applied Industrial Technologies
.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a increase in short interest in February. As of February 15th, there was short interest totaling 823,600 shares, an increase of 32.3% from the January 31st total of 622,300 shares. Based on an average trading volume of 210,500 shares, the short-interest ratio is presently 3.9 days. Currently, 2.2% of the company's shares are short sold.
View Applied Industrial Technologies' Short Interest
.

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), Chevron (CVX), Intel (INTC), LyondellBasell Industries (LYB), Marathon Petroleum (MPC), Oracle (ORCL), AT&T (T), Exxon Mobil (XOM) and Abbott Laboratories (ABT).

Who are Applied Industrial Technologies' key executives?

Applied Industrial Technologies' management team includes the following 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)

What is Applied Industrial Technologies' stock symbol?

Applied Industrial Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIT."

Who are Applied Industrial Technologies' major shareholders?

Applied Industrial Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (4.32%), Macquarie Group Ltd. (3.08%), Palisade Capital Management LLC NJ (1.76%), Boston Trust Walden Corp (1.53%), Principal Financial Group Inc. (0.79%) and Frontier Capital Management Co. LLC (0.77%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, L Thomas Hiltz, Neil A Schrimsher 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 Tygh Capital Management Inc., Mutual of America Capital Management LLC, Boston Trust Walden Corp, Principal Financial Group Inc., UBS Group AG, SG Americas Securities LLC, First Trust Advisors LP, and Seizert Capital Partners LLC. Company insiders that have sold Applied Industrial Technologies company stock in the last year include Jerry Sue Thornton, and Peter C Wallace.
View insider buying and selling activity 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 ProShare Advisors LLC, Macquarie Group Ltd., Frontier Capital Management Co. LLC, Teacher Retirement System of Texas, Strs Ohio, Wesbanco Bank Inc., Swiss National Bank, and Krane Funds Advisors LLC.
View insider buying and selling activity 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 $69.05.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.67 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.

What is Applied Industrial Technologies' official website?

The official website for Applied Industrial Technologies is 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]lied.com.

This page was last updated on 8/11/2020 by MarketBeat.com Staff

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