Applied Industrial Technologies, Inc. (AIT) To Go Ex-Dividend on August 14th

Applied Industrial Technologies, Inc. (NYSE:AIT) declared a quarterly dividend on Monday, June 22nd. Shareholders of record on Friday, August 14th will be given a dividend of 0.51 per share by the industrial products company on Monday, August 31st. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th.

Applied Industrial Technologies has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 16 years. Applied Industrial Technologies has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Applied Industrial Technologies to earn $11.75 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 17.4%.

Applied Industrial Technologies Stock Down 2.2%

AIT opened at $330.73 on Wednesday. The stock has a fifty day moving average of $308.92 and a 200-day moving average of $283.73. The company has a market capitalization of $12.22 billion, a P/E ratio of 31.23, a P/E/G ratio of 3.22 and a beta of 0.84. Applied Industrial Technologies has a fifty-two week low of $223.13 and a fifty-two week high of $340.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.97 and a current ratio of 2.95.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.63 by $0.02. Applied Industrial Technologies had a net margin of 8.34% and a return on equity of 21.64%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $2.57 earnings per share. Applied Industrial Technologies’s revenue was up 7.3% compared to the same quarter last year. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. On average, equities analysts expect that Applied Industrial Technologies will post 10.71 EPS for the current year.

Wall Street Analysts Forecast Growth

AIT has been the topic of a number of analyst reports. Oppenheimer increased their target price on shares of Applied Industrial Technologies from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Friday, April 24th. DA Davidson began coverage on Applied Industrial Technologies in a research note on Tuesday, June 16th. They issued a “buy” rating and a $380.00 price target for the company. KeyCorp increased their price target on Applied Industrial Technologies from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Finally, Robert W. Baird set a $317.00 price objective on Applied Industrial Technologies in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.14.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, listed on the New York Stock Exchange under the symbol AIT, is a leading distributor of industrial products and services. The company offers a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions. Through its network of distribution centers and branch locations, Applied Industrial Technologies serves diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.