Favorable Press Coverage Somewhat Unlikely to Impact Applied Industrial Technologies (NYSE:AIT) Stock Price

News articles about Applied Industrial Technologies (NYSE:AIT) have trended positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Applied Industrial Technologies earned a news impact score of 0.28 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.1813727396725 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Shares of Applied Industrial Technologies (AIT) traded up $1.40 during trading on Thursday, reaching $72.90. The company had a trading volume of 166,096 shares, compared to its average volume of 263,085. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.90 and a current ratio of 3.33. The company has a market capitalization of $2,780.71, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.73 and a beta of 0.97. Applied Industrial Technologies has a 1 year low of $54.00 and a 1 year high of $75.40.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings data on Thursday, January 25th. The industrial products company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.06. The firm had revenue of $667.19 million during the quarter, compared to analyst estimates of $651.05 million. Applied Industrial Technologies had a return on equity of 16.53% and a net margin of 5.43%. equities analysts anticipate that Applied Industrial Technologies will post 3.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were issued a $0.30 dividend. This is a positive change from Applied Industrial Technologies’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, February 14th. Applied Industrial Technologies’s payout ratio is currently 32.09%.

Several research analysts recently commented on the company. Zacks Investment Research cut Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Wellington Shields raised Applied Industrial Technologies to a “hold” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Applied Industrial Technologies currently has a consensus rating of “Hold” and a consensus target price of $71.00.

In other news, VP Todd A. Barlett sold 3,800 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 90,155 shares of the company’s stock, valued at $6,761,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Green Edith Kelly sold 6,873 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $74.41, for a total value of $511,419.93. Following the transaction, the director now directly owns 24,230 shares of the company’s stock, valued at $1,802,954.30. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

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About Applied Industrial Technologies

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.

Insider Buying and Selling by Quarter for Applied Industrial Technologies (NYSE:AIT)

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