Applied Industrial Technologies (NYSE:AIT) Updates FY 2025 Earnings Guidance

Applied Industrial Technologies (NYSE:AIT - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 9.650-10.050 for the period, compared to the consensus earnings per share estimate of 9.820. The company issued revenue guidance of $4.5 billion-$4.6 billion, compared to the consensus revenue estimate of $4.5 billion.

Analysts Set New Price Targets

A number of brokerages have issued reports on AIT. StockNews.com downgraded Applied Industrial Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. KeyCorp increased their target price on Applied Industrial Technologies from $275.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Robert W. Baird increased their target price on Applied Industrial Technologies from $210.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Oppenheimer increased their target price on Applied Industrial Technologies from $260.00 to $305.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Finally, Raymond James increased their target price on Applied Industrial Technologies from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $285.71.

Applied Industrial Technologies Trading Up 2.9 %

NYSE:AIT traded up $7.26 during trading hours on Wednesday, hitting $259.48. The company had a trading volume of 316,801 shares, compared to its average volume of 329,345. Applied Industrial Technologies has a 1 year low of $176.32 and a 1 year high of $282.98. The company has a market cap of $9.98 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.59 and a beta of 1.08. The company has a 50-day moving average of $257.71 and a 200 day moving average of $232.80. The company has a current ratio of 3.78, a quick ratio of 2.74 and a debt-to-equity ratio of 0.33.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.18. Applied Industrial Technologies had a net margin of 8.57% and a return on equity of 22.68%. Sell-side analysts expect that Applied Industrial Technologies will post 9.77 earnings per share for the current year.

Applied Industrial Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Applied Industrial Technologies's previous quarterly dividend of $0.37. Applied Industrial Technologies's dividend payout ratio (DPR) is presently 15.10%.

Insider Buying and Selling at Applied Industrial Technologies

In related news, Director Mary Dean Hall sold 2,200 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $275.08, for a total transaction of $605,176.00. Following the transaction, the director now owns 3,462 shares of the company's stock, valued at approximately $952,326.96. This represents a 38.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Warren E. Hoffner III sold 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total value of $1,126,560.00. Following the transaction, the vice president now directly owns 55,709 shares in the company, valued at approximately $15,689,882.76. The trade was a 6.70 % decrease in their position. The disclosure for this sale can be found here. 1.67% of the stock is currently owned by corporate insiders.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.