Applied Industrial Technologies (AIT) Given Media Sentiment Rating of 0.21

Media coverage about Applied Industrial Technologies (NYSE:AIT) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Applied Industrial Technologies earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.7946287695488 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of brokerages have recently issued reports on AIT. Wellington Shields raised shares of Applied Industrial Technologies to a “hold” rating in a research note on Tuesday, January 2nd. Zacks Investment Research lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, ValuEngine lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $71.00.

Shares of Applied Industrial Technologies (AIT) opened at $70.65 on Thursday. Applied Industrial Technologies has a one year low of $54.00 and a one year high of $75.35. The firm has a market cap of $2,720.00, a PE ratio of 18.89, a P/E/G ratio of 1.68 and a beta of 0.96. The company has a quick ratio of 1.90, a current ratio of 3.33 and a debt-to-equity ratio of 0.39.

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 for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.06. Applied Industrial Technologies had a net margin of 5.43% and a return on equity of 16.53%. The company had revenue of $667.19 million during the quarter, compared to analyst estimates of $651.05 million. analysts anticipate that Applied Industrial Technologies will post 3.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Applied Industrial Technologies’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. Applied Industrial Technologies’s dividend payout ratio is 31.02%.

In related news, VP Todd A. Barlett sold 3,800 shares of the company’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 $6,761,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Green Edith Kelly sold 6,873 shares of the company’s stock in a transaction dated 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 $1,802,954.30. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate 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.

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

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