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

$65.56
+1.26 (+1.96 %)
(As of 01/29/2020 08:38 AM ET)
Today's Range
$64.48
Now: $65.56
$65.95
50-Day Range
$63.80
MA: $66.41
$67.95
52-Week Range
$49.45
Now: $65.56
$68.44
Volume195,084 shs
Average Volume173,776 shs
Market Capitalization$2.53 billion
P/E Ratio19.23
Dividend Yield1.88%
Beta1.37
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$6.94 per share
Book Value$23.24 per share

Profitability

Net Income$143.99 million

Miscellaneous

Employees6,650
Market Cap$2.53 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. Investors of record on Friday, February 14th will be given a dividend of $0.32 per share on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, February 13th. This is a positive change 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.02. The industrial products company earned $833.40 million during the quarter, compared to analysts' expectations of $847.19 million. Applied Industrial Technologies had a net margin of 3.85% and a return on equity of 17.79%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior 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 EPS 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 brokers have issued 12-month price targets for Applied Industrial Technologies' stock. Their forecasts range from $70.00 to $81.00. On average, they expect Applied Industrial Technologies' share price to reach $75.40 in the next year. This suggests a possible upside of 15.0% 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 articles about AIT stock have been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Applied Industrial Technologies earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Applied Industrial Technologies.

Are investors shorting Applied Industrial Technologies?

Applied Industrial Technologies saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 805,600 shares, an increase of 7.1% from the December 15th total of 752,400 shares. Based on an average trading volume of 182,500 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.1% 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 variety of of institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (1.24%), New York State Teachers Retirement System (0.26%), California Public Employees Retirement System (0.25%), Scout Investments Inc. (0.21%), Strs Ohio (0.17%) and State of Alaska Department of Revenue (0.08%). Company insiders that own Applied Industrial Technologies stock include Green Edith Kelly, Jerry Sue Thornton, Joe Anthony Raver, L Thomas Hiltz, Peter C Wallace and Todd A Barlett. View Institutional Ownership Trends for Applied Industrial Technologies.

Which major investors are selling Applied Industrial Technologies stock?

AIT stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Arizona State Retirement System, SG Americas Securities LLC, Nisa Investment Advisors LLC, Louisiana State Employees Retirement System, CWM Advisors LLC, Wedge Capital Management L L P NC and State of Alaska Department of Revenue. View Insider Buying and Selling for Applied Industrial Technologies.

Which major investors are buying Applied Industrial Technologies stock?

AIT stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Strs Ohio, Yorktown Management & Research Co Inc, Boston Trust Walden Corp, Advisors Preferred LLC, Zurcher Kantonalbank Zurich Cantonalbank , Zeke Capital Advisors LLC and Fruth Investment Management. 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 $65.56.

How big of a company is Applied Industrial Technologies?

Applied Industrial Technologies has a market capitalization of $2.53 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:  193 (Vote Outperform)
Underperform Votes:  307 (Vote Underperform)
Total Votes:  500
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 1/29/2020 by MarketBeat.com Staff

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