Applied Industrial Technologies (NYSE:AIT) Issues FY25 Earnings Guidance

Applied Industrial Technologies (NYSE:AIT) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $9.25-10.00 for the period, compared to the consensus estimate of $9.68. The company issued revenue guidance of +/-2.5% yr/yr to ~$4.37-4.59 billion, compared to the consensus revenue estimate of $4.51 billion. Applied Industrial Technologies also updated its FY 2025 guidance to 9.250-10.000 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AIT. Robert W. Baird increased their price target on Applied Industrial Technologies from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com upgraded Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. KeyCorp upped their price target on shares of Applied Industrial Technologies from $245.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday. Northcoast Research began coverage on shares of Applied Industrial Technologies in a research report on Monday, July 1st. They issued a “neutral” rating on the stock. Finally, Mizuho started coverage on shares of Applied Industrial Technologies in a research report on Tuesday. They issued an “outperform” rating and a $285.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $255.71.

Applied Industrial Technologies Price Performance

Applied Industrial Technologies stock traded down $0.67 during trading hours on Friday, hitting $231.30. 302,580 shares of the company traded hands, compared to its average volume of 289,076. The firm’s 50-day simple moving average is $214.20 and its two-hundred day simple moving average is $200.90. The firm has a market cap of $8.93 billion, a P/E ratio of 24.38, a P/E/G ratio of 3.12 and a beta of 1.03. Applied Industrial Technologies has a 1-year low of $149.59 and a 1-year high of $240.45. The company has a quick ratio of 2.56, a current ratio of 3.53 and a debt-to-equity ratio of 0.34.

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, beating analysts’ consensus estimates of $2.25 by $0.11. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 23.55%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $2.39 earnings per share. As a group, analysts forecast that Applied Industrial Technologies will post 9.69 earnings per share for the current fiscal year.

Applied Industrial Technologies Announces Dividend

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

Insider Activity at Applied Industrial Technologies

In other news, VP Kurt W. Loring sold 4,858 shares of the firm’s 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 sale, the vice president now directly owns 19,315 shares of the company’s stock, valued at $3,922,876.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Neil A. Schrimsher sold 3,703 shares of the business’s 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 owns 205,708 shares in the company, valued at $41,602,385.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kurt W. Loring sold 4,858 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $203.10, for a total transaction of $986,659.80. Following the completion of the sale, the vice president now owns 19,315 shares of the company’s stock, valued at approximately $3,922,876.50. 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 over the last ninety days. 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.