Press coverage about Applied Industrial Technologies (NYSE:AIT) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Applied Industrial Technologies earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 48.1330595532289 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
AIT has been the subject of a number of research analyst reports. ValuEngine lowered Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research lowered Applied Industrial Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub upgraded Applied Industrial Technologies from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Northcoast Research assumed coverage on Applied Industrial Technologies in a research report on Tuesday, July 25th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $66.00.
Shares of Applied Industrial Technologies (NYSE AIT) traded up $0.55 during mid-day trading on Monday, hitting $61.60. The stock had a trading volume of 177,700 shares, compared to its average volume of 193,206. Applied Industrial Technologies has a 1 year low of $53.95 and a 1 year high of $70.05. The company has a quick ratio of 1.83, a current ratio of 3.13 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2,391.02, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94.
Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.10. Applied Industrial Technologies had a return on equity of 16.25% and a net margin of 5.29%. The company had revenue of $680.70 million for the quarter, compared to analysts’ expectations of $668.18 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. research analysts forecast that Applied Industrial Technologies will post 3.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.88%. Applied Industrial Technologies’s dividend payout ratio is 32.58%.
In other Applied Industrial Technologies news, VP Mark O. Eisele sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $56.92, for a total transaction of $341,520.00. Following the completion of the sale, the vice president now owns 159,029 shares in the company, valued at $9,051,930.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Mark O. Eisele sold 4,939 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $55.91, for a total value of $276,139.49. Following the sale, the vice president now owns 106,090 shares of the company’s stock, valued at approximately $5,931,491.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,571 shares of company stock worth $4,070,841. Insiders own 3.70% of the company’s stock.
About Applied Industrial Technologies
Applied Industrial Technologies, Inc is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and operations (MRO), and original equipment manufacturing customers in various industries. In addition, the Company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services.
Receive News & Ratings for Applied Industrial Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Industrial Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.