Applied Industrial Technologies (AIT) Given Daily Coverage Optimism Rating of 0.16

News articles about Applied Industrial Technologies (NYSE:AIT) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.16 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.759680957197 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

AIT has been the subject of several recent research reports. Zacks Investment Research raised Applied Industrial Technologies from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Thursday, January 11th. Wellington Shields raised Applied Industrial Technologies from a “hold” rating to a “gradually accumulate” rating in a report on Wednesday, December 27th. Finally, ValuEngine cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Applied Industrial Technologies has an average rating of “Hold” and a consensus target price of $71.00.

Applied Industrial Technologies (AIT) opened at $69.85 on Friday. Applied Industrial Technologies has a twelve month low of $54.00 and a twelve month high of $75.35. The company has a quick ratio of 1.90, a current ratio of 3.33 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2,639.54, a P/E ratio of 18.68, a PEG ratio of 1.64 and a beta of 0.96.

Applied Industrial Technologies (NYSE:AIT) last issued its earnings results on Thursday, January 25th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.06. Applied Industrial Technologies had a return on equity of 16.53% and a net margin of 5.43%. The business had revenue of $667.19 million during the quarter, compared to analysts’ expectations of $651.05 million. research analysts predict that Applied Industrial Technologies will post 3.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.72%. Applied Industrial Technologies’s dividend payout ratio is presently 31.02%.

In other news, VP Todd A. Barlett sold 3,800 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $75.00, for a total value of $285,000.00. Following the completion of the transaction, the vice president now directly owns 90,155 shares of the company’s stock, valued at approximately $6,761,625. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Green Edith Kelly sold 6,873 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $74.41, for a total value of $511,419.93. Following the completion of the transaction, the director now directly owns 24,230 shares of the company’s stock, valued at $1,802,954.30. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

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Applied Industrial Technologies Company Profile

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.

Insider Buying and Selling by Quarter for Applied Industrial Technologies (NYSE:AIT)

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