Applied Industrial Technologies, Inc. (AIT) to Issue Quarterly Dividend of $0.51 on May 29th

Applied Industrial Technologies, Inc. (NYSE:AIT) declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Friday, May 15th will be given a dividend of 0.51 per share by the industrial products company on Friday, May 29th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 15th.

Applied Industrial Technologies has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 16 years. Applied Industrial Technologies has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Applied Industrial Technologies to earn $11.67 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 17.5%.

Applied Industrial Technologies Price Performance

Shares of NYSE:AIT opened at $314.33 on Wednesday. The business’s 50 day simple moving average is $280.18 and its 200-day simple moving average is $270.84. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 1.97. Applied Industrial Technologies has a 12 month low of $218.48 and a 12 month high of $317.10.

Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Applied Industrial Technologies had a return on equity of 21.64% and a net margin of 8.34%.The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.57 EPS. 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. As a group, equities analysts forecast that Applied Industrial Technologies will post 10.7 earnings per share for the current fiscal 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.