Dividend Coverage: $0.28 dividends just around the corner for Applied Industrial Technologies, Inc. (NYSE:AIT) shareholders.

Dividend Coverage: $0.28 dividends just around the corner for Applied Industrial Technologies, Inc. (NYSE:AIT) shareholders.

Applied Industrial Technologies, Inc. (NYSE:AIT) is expected to pay $0.28 on Nov 30, 2016. The indicated annual dividend is $1.12. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Applied Industrial Technologies, Inc.’s current price of $50.85, the dividend is 0.55%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 26, 2016. The stock increased 1.19% or $0.6 during the last trading session, hitting $50.85. Applied Industrial Technologies (NYSE:AIT) has risen 18.12% since April 7, 2016 and is uptrending. It has outperformed by 13.34% the S&P500.

Applied Industrial Technologies, Inc. is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and activities , and original equipment manufacturing clients in various industries. The company has a market cap of $2.03 billion. 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. It has a 62.63 P/E ratio. It operates in two divisions: service center distribution and fluid power businesses.

Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.43, from 1.5 in 2016Q1. The ratio fall, as 15 funds sold all Applied Industrial Technologies shares owned while 61 reduced positions. 25 funds bought stakes while 56 increased positions. They now own 31.62 million shares or 4.50% less from 33.11 million shares in 2016Q1.
The Massachusetts-based Geode Capital Lc has invested 0.01% in Applied Industrial Technologies (NYSE:AIT). Kennedy Capital Mgmt Inc reported 161,543 shares or 0.15% of all its holdings. Springbank Value Prns Limited Partnership accumulated 36,000 shares or 2.74% of the stock. Tfs Lc has invested 0.15% of its portfolio in Applied Industrial Technologies (NYSE:AIT). Panagora Asset Mgmt last reported 0.06% of its portfolio in the stock. Millennium Mgmt holds 0% or 8,013 shares in its portfolio. Alliancebernstein Ltd Partnership has 100,747 shares for 0% of their US portfolio. Public Sector Pension Invest Board owns 27,313 shares or 0.01% of their US portfolio. Fiduciary Mngmt Inc Wi last reported 0.42% of its portfolio in the stock. Creative Planning holds 0% or 2,154 shares in its portfolio. New York State Common Retirement Fund, a New York-based fund reported 42,020 shares. Tiaa Cref Invest Limited Liability Corporation holds 166,271 shares or 0.01% of its portfolio. Moreover, State Street Corp has 0% invested in Applied Industrial Technologies (NYSE:AIT) for 760,269 shares. Zebra Mgmt Limited holds 13,609 shares or 0.21% of its portfolio. New York State Teachers Retirement Sys has 105,267 shares for 0.01% of their US portfolio.

Applied Industrial Technologies (NYSE:AIT) Ratings Coverage

Out of 3 analysts covering Applied Industrial Technologies (NYSE:AIT), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Applied Industrial Technologies has been the topic of 4 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, March 21 by Avondale. The company was initiated on Tuesday, July 21 by KeyBanc Capital Markets. The firm earned “Underperform” rating on Wednesday, August 12 by Longbow. The firm earned “Hold” rating on Monday, October 26 by BB&T Capital.

More notable recent Applied Industrial Technologies (NYSE:AIT) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Jabil Circuit, Applied Industrial Technologies and MAXIMUS” on November 08, 2016, also Forbes.com with their article: “Applied Industrial Technologies Becomes Oversold” published on October 25, 2016, Forbes.com published: “Ex-Dividend Reminder: Jabil Circuit, Applied Industrial Technologies and R.R …” on August 09, 2016. More interesting news about Applied Industrial Technologies (NYSE:AIT) were released by: Seekingalpha.com and their article: “Applied Industrial Technologies (AIT) Q1 2017 Results – Earnings Call Transcript” published on October 26, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Applied Industrial Technologies reports Q1 EPS $0.70” with publication date: October 26, 2016.

AIT Company Profile

Applied Industrial Technologies, Inc., incorporated on September 6, 1988, is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and activities (MRO), and original equipment manufacturing (OEM) clients 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. The Firm also provides product-related technical application support and solutions to help clients manage their production downtime, machine performance, and overall procurement and maintenance costs. It operates in two divisions: service center distribution and fluid power businesses. The service center distribution segment provides clients with a range of industrial products primarily through a network of service centers. The fluid power businesses segment consists of specialized regional companies that distribute fluid power components, design and assemble fluid power systems and perform equipment repair. The fluid power businesses primarily sell services and products directly to clients rather than through the service centers. The Company’s field operating structure is built on two platforms: service center distribution and fluid power businesses.

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