NYSE:AITApplied Industrial Technologies Stock Price, Forecast & News

Applied Industrial Technologies' stock was trading at $47.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AIT shares have increased by 41.3% and is now trading at $67.26.
View which stocks have been most impacted by Coronavirus.

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.

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.

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.

Applied Industrial Technologies (NYSE:AIT) released its quarterly earnings data on Thursday, April, 30th. The industrial products company reported $1.02 EPS for the quarter, beating the consensus estimate of $1.01 by $0.01. The industrial products company had revenue of $830.80 million for the quarter, compared to analyst estimates of $858.94 million. Applied Industrial Technologies had a net margin of 0.99% and a return on equity of 17.40%. Applied Industrial Technologies's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share.
View Applied Industrial Technologies' earnings history.

Applied Industrial Technologies declared 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 1.90%. The ex-dividend date of this dividend is Thursday, August 13th.
View Applied Industrial Technologies' dividend history.

4 equities research analysts have issued twelve-month price objectives for Applied Industrial Technologies' shares. Their forecasts range from $70.00 to $81.00. On average, they expect Applied Industrial Technologies' share price to reach $74.25 in the next year. This suggests a possible upside of 10.4% from the stock's current price.
View analysts' price targets for Applied Industrial Technologies.

Media stories about AIT stock have trended very positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news 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 media sentiment score of 4.0 on InfoTrie's scale. They also gave media coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Applied Industrial Technologies.

Some companies that are related to Applied Industrial Technologies include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Air Lease (AL), Beacon Roofing Supply (BECN), GATX (GATX), WESCO International (WCC), Rush Enterprises (RUSHA), Kaman (KAMN), H&E Equipment Services (HEES), Textainer Group (TGH), MRC Global (MRC) and DXP Enterprises (DXPE).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Industrial Technologies investors own include AbbVie (ABBV), Danaher (DHR), Intel (INTC), International Paper (IP), LyondellBasell Industries (LYB), Mastercard (MA), Altria Group (MO), Marathon Petroleum (MPC), Netflix (NFLX) and PepsiCo (PEP).

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

Applied Industrial Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (4.32%), Palisade Capital Management LLC NJ (1.76%), Boston Trust Walden Corp (1.53%), Principal Financial Group Inc. (0.79%), Frontier Capital Management Co. LLC (0.77%) and New York State Common Retirement Fund (0.38%). 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.

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.

AIT stock was bought by a variety of institutional investors in the last quarter, including ProShare Advisors LLC, Frontier Capital Management Co. LLC, Strs Ohio, Wesbanco Bank Inc., Swiss National Bank, Chartwell Investment Partners LLC, Victory Capital Management Inc., and Pacer Advisors Inc..
View insider buying and selling activity 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 $67.26.

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.

The official website for Applied Industrial Technologies is 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]