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

Applied Industrial Technologies (NYSE:AIT) 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird boosted their target price on Applied Industrial Technologies from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer raised their price target on Applied Industrial Technologies from $260.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Bank of America raised shares of Applied Industrial Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $285.00 to $315.00 in a research report on Tuesday, November 26th. Loop Capital boosted their price objective on Applied Industrial Technologies from $230.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Mizuho initiated coverage on Applied Industrial Technologies in a report on Tuesday, October 22nd. They set an “outperform” rating and a $285.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $291.43.

Applied Industrial Technologies Price Performance

Shares of NYSE:AIT opened at $263.46 on Friday. Applied Industrial Technologies has a one year low of $176.32 and a one year high of $282.98. The stock has a market cap of $10.13 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.49 and a beta of 1.08. The business’s fifty day moving average price is $257.49 and its two-hundred day moving average price is $232.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.74 and a current ratio of 3.78.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.18. Applied Industrial Technologies had a return on equity of 22.67% and a net margin of 8.62%. On average, analysts forecast that Applied Industrial Technologies will post 9.77 EPS for the current fiscal year.

Applied Industrial Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.70%. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.37. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 14.99%.

Insiders Place Their Bets

In related news, Director Mary Dean Hall sold 2,200 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,462 shares of the company’s stock, valued at approximately $952,326.96. The trade was a 38.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Warren E. Hoffner III sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 1.67% of the stock is currently owned by 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.