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

Applied Industrial Technologies (NYSE:AIT) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 9.250-10.000 for the period, compared to the consensus earnings per share estimate of 9.690. The company issued revenue guidance of $4.4 billion-$4.6 billion, compared to the consensus revenue estimate of $4.5 billion. Applied Industrial Technologies also updated its FY25 guidance to $9.25-10.00 EPS.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Loop Capital boosted their price target on Applied Industrial Technologies from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Bank of America boosted their price objective on shares of Applied Industrial Technologies from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday. Mizuho began coverage on shares of Applied Industrial Technologies in a research report on Tuesday. They set an “outperform” rating and a $285.00 price objective for the company. KeyCorp upped their target price on shares of Applied Industrial Technologies from $245.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday. Finally, StockNews.com raised shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.71.

Applied Industrial Technologies Stock Performance

NYSE AIT traded down $0.67 on Friday, reaching $231.30. 291,887 shares of the company’s stock traded hands, compared to its average volume of 289,025. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 3.12 and a beta of 1.03. The stock has a 50 day moving average price of $214.20 and a 200-day moving average price of $200.90. Applied Industrial Technologies has a fifty-two week low of $149.59 and a fifty-two week high of $240.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.56 and a current ratio of 3.53.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 23.55%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 earnings per share. Equities research analysts predict that Applied Industrial Technologies will post 9.69 EPS for the current fiscal year.

Applied Industrial Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.64%. Applied Industrial Technologies’s dividend payout ratio (DPR) is 15.51%.

Insider Activity

In other Applied Industrial Technologies news, CEO Neil A. Schrimsher sold 3,703 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $202.24, for a total transaction of $748,894.72. Following the sale, the chief executive officer now directly owns 205,708 shares in the company, valued at $41,602,385.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Kurt W. Loring sold 3,366 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.02, for a total value of $703,561.32. Following the completion of the sale, the vice president now owns 19,315 shares in the company, valued at approximately $4,037,221.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Neil A. Schrimsher sold 3,703 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $202.24, for a total transaction of $748,894.72. Following the completion of the sale, the chief executive officer now owns 205,708 shares of the company’s stock, valued at $41,602,385.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,927 shares of company stock valued at $2,439,116 in the last 90 days. Company insiders own 2.20% of the company’s stock.

About Applied Industrial Technologies

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.