Applied Industrial Technologies (NYSE:AIT) Updates 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.

Applied Industrial Technologies Stock Down 0.3 %

AIT traded down $0.67 during trading on Friday, reaching $231.30. 291,887 shares of the stock traded hands, compared to its average volume of 289,025. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.12 and a beta of 1.03. 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 current ratio of 3.53 and a quick ratio of 2.56. The stock’s 50-day simple moving average is $214.20 and its two-hundred day simple moving average is $200.90.

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

Applied Industrial Technologies Dividend Announcement

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

Analyst Ratings Changes

AIT has been the topic of a number of analyst reports. Northcoast Research initiated coverage on shares of Applied Industrial Technologies in a research report on Monday, July 1st. They issued a “neutral” rating on the stock. Oppenheimer raised their price target on shares of Applied Industrial Technologies from $235.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Mizuho assumed coverage on shares of Applied Industrial Technologies in a research note on Tuesday. They set an “outperform” rating and a $285.00 price target for the company. KeyCorp raised their target price on shares of Applied Industrial Technologies from $245.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Robert W. Baird lifted their price objective on shares of Applied Industrial Technologies from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $255.71.

Insider Buying and Selling

In other news, CEO Neil A. Schrimsher sold 3,703 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $202.24, for a total value of $748,894.72. Following the completion of the sale, the chief executive officer now directly owns 205,708 shares of the company’s stock, valued at $41,602,385.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Applied Industrial Technologies news, VP Kurt W. Loring sold 4,858 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $203.10, for a total transaction of $986,659.80. Following the completion of the transaction, the vice president now directly owns 19,315 shares of the company’s stock, valued at approximately $3,922,876.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $748,894.72. Following the completion of the transaction, the chief executive officer now directly owns 205,708 shares of the company’s stock, valued at $41,602,385.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,927 shares of company stock worth $2,439,116 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

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.