Applied Industrial Technologies, Inc. Announces Quarterly Dividend of $0.51 (NYSE:AIT)

Applied Industrial Technologies, Inc. (NYSE:AIT) declared a quarterly dividend on Tuesday, June 23rd. Investors of record on Friday, August 14th will be paid a dividend of 0.51 per share by the industrial products company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th.

Applied Industrial Technologies has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Applied Industrial Technologies has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Applied Industrial Technologies to earn $11.75 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 17.4%.

Applied Industrial Technologies Stock Down 2.2%

Shares of NYSE:AIT traded down $7.34 during mid-day trading on Tuesday, hitting $330.73. 250,205 shares of the company traded hands, compared to its average volume of 308,258. The stock has a 50-day moving average price of $308.09 and a two-hundred day moving average price of $283.24. Applied Industrial Technologies has a 12-month low of $223.13 and a 12-month high of $340.37. The stock has a market cap of $12.22 billion, a P/E ratio of 31.23, a P/E/G ratio of 3.22 and a beta of 0.84. The company has a current ratio of 2.95, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $2.57 EPS. Applied Industrial Technologies’s quarterly revenue was up 7.3% compared to the same quarter last year. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. On average, equities research analysts forecast that Applied Industrial Technologies will post 10.71 earnings per share for the current year.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, listed on the New York Stock Exchange under the symbol AIT, is a leading distributor of industrial products and services. The company offers a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions. Through its network of distribution centers and branch locations, Applied Industrial Technologies serves diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.