Media stories about Applied Industrial Technologies (NYSE:AIT) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Applied Industrial Technologies earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.1813727396725 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Here’s Why You Should Add Zebra Technologies (ZBRA) Now (finance.yahoo.com)
- Applied Industrial Technologies (AIT) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Altra Industrial to Collaborate With Fortive’s A&S Platform (zacks.com)
- Altra Industrial to Buy Four Fortive A&S Assets by 2018-End (finance.yahoo.com)
- Atlas Copco to Acquire Klingel Joining Technologies by 2Q18 (msn.com)
Shares of Applied Industrial Technologies (NYSE AIT) opened at $73.90 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 3.33 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $2,881.26, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.79 and a beta of 0.97. Applied Industrial Technologies has a 12 month low of $54.00 and a 12 month high of $75.40.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th were given a dividend of $0.30 per share. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 14th. This represents a $1.20 annualized dividend and a yield of 1.62%. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 32.09%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Wellington Shields upgraded Applied Industrial Technologies to a “hold” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine upgraded Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.00.
In other Applied Industrial Technologies news, VP Todd A. Barlett sold 3,800 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $75.00, for a total transaction of $285,000.00. Following the transaction, the vice president now owns 90,155 shares in the company, valued at approximately $6,761,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Green Edith Kelly sold 6,873 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $74.41, for a total value of $511,419.93. Following the transaction, the director now owns 24,230 shares in the company, valued at approximately $1,802,954.30. The disclosure for this sale can be found here. 3.70% of the stock is owned by company 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.
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