News coverage about Applied Industrial Technologies (NYSE:AIT) has been trending positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Applied Industrial Technologies earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.2061409114198 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Several equities research analysts have issued reports on AIT shares. ValuEngine cut shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Tuesday, January 23rd. Finally, Wellington Shields raised shares of Applied Industrial Technologies from a “hold” rating to a “gradually accumulate” rating in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $71.00.
Shares of Applied Industrial Technologies (NYSE:AIT) opened at $74.55 on Monday. The stock has a market cap of $2,883.22, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.33 and a quick ratio of 1.90. Applied Industrial Technologies has a 52-week low of $54.00 and a 52-week high of $75.35.
Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Thursday, January 25th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The company had revenue of $667.19 million during the quarter, compared to analysts’ expectations of $651.05 million. Applied Industrial Technologies had a net margin of 5.43% and a return on equity of 16.53%. equities research analysts anticipate that Applied Industrial Technologies will post 3.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.61%. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 14th. Applied Industrial Technologies’s payout ratio is 32.09%.
In other Applied Industrial Technologies news, VP Todd A. Barlett sold 3,800 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $75.00, for a total value of $285,000.00. Following the completion of the sale, the vice president now directly owns 90,155 shares of the company’s stock, valued at approximately $6,761,625. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Green Edith Kelly sold 6,873 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $74.41, for a total transaction of $511,419.93. Following the completion of the sale, the director now directly owns 24,230 shares of the company’s stock, valued at approximately $1,802,954.30. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.
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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.
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