Buy Or Sell Opportunity • Jun 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to US$334. The fair value is estimated to be US$276, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 6.2%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Recent Insider Transactions • May 07
Insider recently sold US$2.4m worth of stock On the 5th of May, Warren Hoffner sold around 8k shares on-market at roughly US$306 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$24m more than they bought in the last 12 months. Declared Dividend • Apr 30
Third quarter dividend of US$0.51 announced Shareholders will receive a dividend of US$0.51. Ex-date: 15th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 17%. Reported Earnings • Apr 29
Third quarter 2026 earnings released: EPS: US$2.68 (vs US$2.60 in 3Q 2025) Third quarter 2026 results: EPS: US$2.68. Revenue: US$1.25b (up 7.3% from 3Q 2025). Net income: US$99.8m (flat on 3Q 2025). Profit margin: 8.0% (down from 8.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Trade Distributors industry in the United Kingdom. Buy Or Sell Opportunity • Apr 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to US$299. The fair value is estimated to be US$248, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 7.7%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Announcement • Apr 06
Applied Industrial Technologies, Inc. to Report Q3, 2026 Results on Apr 28, 2026 Applied Industrial Technologies, Inc. announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 28, 2026 Recent Insider Transactions • Feb 07
President recently sold US$5.5m worth of stock On the 4th of February, Neil Schrimsher sold around 19k shares on-market at roughly US$286 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Neil has been a net seller over the last 12 months, reducing personal holdings by US$15m. Declared Dividend • Jan 29
Second quarter dividend increased to US$0.51 Dividend of US$0.51 is 11% higher than last year. Ex-date: 13th February 2026 Payment date: 27th February 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 17%. Reported Earnings • Jan 28
Second quarter 2026 earnings released: EPS: US$2.54 (vs US$2.43 in 2Q 2025) Second quarter 2026 results: EPS: US$2.54 (up from US$2.43 in 2Q 2025). Revenue: US$1.16b (up 8.4% from 2Q 2025). Net income: US$95.3m (up 2.2% from 2Q 2025). Profit margin: 8.2% (down from 8.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 09
Applied Industrial Technologies, Inc. to Report Q2, 2026 Results on Jan 27, 2026 Applied Industrial Technologies, Inc. announced that they will report Q2, 2026 results Pre-Market on Jan 27, 2026 Declared Dividend • Oct 30
First quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 14th November 2025 Payment date: 28th November 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 15%. Reported Earnings • Oct 29
First quarter 2026 earnings released: EPS: US$2.67 (vs US$2.40 in 1Q 2025) First quarter 2026 results: EPS: US$2.67 (up from US$2.40 in 1Q 2025). Revenue: US$1.20b (up 9.2% from 1Q 2025). Net income: US$100.8m (up 9.5% from 1Q 2025). Profit margin: 8.4% (in line with 1Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 08
Applied Industrial Technologies, Inc. to Report Q1, 2026 Results on Oct 28, 2025 Applied Industrial Technologies, Inc. announced that they will report Q1, 2026 results Pre-Market on Oct 28, 2025 Announcement • Sep 11
Applied Industrial Technologies, Inc., Annual General Meeting, Oct 21, 2025 Applied Industrial Technologies, Inc., Annual General Meeting, Oct 21, 2025. Location: 1 applied plaza, east 36th street and euclid avenue, cleveland, ohio, 44115, United States Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Rich Simoncic was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 24
President recently sold US$7.0m worth of stock On the 21st of August, Neil Schrimsher sold around 27k shares on-market at roughly US$262 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Neil has been a net seller over the last 12 months, reducing personal holdings by US$9.9m. Reported Earnings • Aug 15
Full year 2025 earnings released: EPS: US$10.26 (vs US$9.98 in FY 2024) Full year 2025 results: EPS: US$10.26 (up from US$9.98 in FY 2024). Revenue: US$4.56b (up 1.9% from FY 2024). Net income: US$393.0m (up 1.9% from FY 2024). Profit margin: 8.6% (in line with FY 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 14
Applied Industrial Technologies, Inc. Provides Earnings Guidance for Fiscal 2026 Applied Industrial Technologies, Inc. provided earnings Guidance for Fiscal 2026. For the year, the company expects EPS guidance in the range of $10.00 to $10.75 based on assumptions for total sales of up 4% to 7% including up 1% to 4% on an organic basis. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 15 August 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (2.3%). Announcement • Jul 28
Applied Industrial Technologies, Inc. to Report Q4, 2025 Results on Aug 14, 2025 Applied Industrial Technologies, Inc. announced that they will report Q4, 2025 results Pre-Market on Aug 14, 2025 Declared Dividend • Jun 27
Third quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 15th August 2025 Payment date: 29th August 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 16%. Announcement • Jun 25
Applied Industrial Technologies, Inc. Declares Quarterly Cash Dividend, Payable on August 29, 2025 Applied Industrial Technologies announced that its board of directors declared a quarterly cash dividend of $0.46 per common share. The dividend is payable on August 29, 2025, to shareholders of record on August 15, 2025. Declared Dividend • May 04
Third quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 15th May 2025 Payment date: 30th May 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 16%. Reported Earnings • May 03
Third quarter 2025 earnings released: EPS: US$2.60 (vs US$2.51 in 3Q 2024) Third quarter 2025 results: EPS: US$2.60 (up from US$2.51 in 3Q 2024). Revenue: US$1.17b (up 1.8% from 3Q 2024). Net income: US$99.8m (up 2.7% from 3Q 2024). Profit margin: 8.6% (in line with 3Q 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 11
Applied Industrial Technologies, Inc. to Report Q3, 2025 Results on May 01, 2025 Applied Industrial Technologies, Inc. announced that they will report Q3, 2025 results Pre-Market on May 01, 2025 Recent Insider Transactions • Feb 21
President recently sold US$2.9m worth of stock On the 18th of February, Neil Schrimsher sold around 11k shares on-market at roughly US$269 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Neil has been a net seller over the last 12 months, reducing personal holdings by US$8.0m. Declared Dividend • Jan 31
Second quarter dividend increased to US$0.46 Dividend of US$0.46 is 24% higher than last year. Ex-date: 14th February 2025 Payment date: 28th February 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 18%. Reported Earnings • Jan 30
Second quarter 2025 earnings released: EPS: US$2.43 (vs US$2.36 in 2Q 2024) Second quarter 2025 results: EPS: US$2.43 (up from US$2.36 in 2Q 2024). Revenue: US$1.07b (flat on 2Q 2024). Net income: US$93.3m (up 2.3% from 2Q 2024). Profit margin: 8.7% (up from 8.5% in 2Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 09
Applied Industrial Technologies, Inc. to Report Q2, 2025 Results on Jan 29, 2025 Applied Industrial Technologies, Inc. announced that they will report Q2, 2025 results Pre-Market on Jan 29, 2025 Announcement • Jan 02
Applied Industrial Technologies, Inc. (NYSE:AIT) completed the acquisition of Hydradyne, LLC from LOR, Inc. Applied Industrial Technologies, Inc. (NYSE:AIT) agreed to acquire Hydradyne, LLC from LOR, Inc. for approximately $270 million on November 21, 2024. A cash consideration of $272 million will be paid by Applied Industrial Technologies, Inc. The total consideration paid by Applied will be funded with cash on hand. Applied Industrial Technologies shall deposit with the Escrow Agent, in accordance with the Adjustment Escrow Agreement, an amount equal to $4 million.
The Transaction is expected to close in the fourth quarter of calendar year 2024. Consummation of the Transaction is subject to customary closing conditions, including the expiration of the waiting period applicable to the consummation of the Transaction under theU.S. Hart-Scott-Rodino Antitrust Improvement Act of 1976. The Purchase Agreement also includes customary termination provisions and provides that if the Transaction has not been consummated by March 21, 2025.
Applied expects the acquisition to contribute approximately $260 million in sales and $30 million in EBITDA before anticipated synergies, as well as be accretive to EPS, within the first 12 months of ownership prior to transaction-related expenses and the impact of purchase accounting adjustments.
Squire Patton Boggs LLP acted as legal advisor for Applied Industrial Technologies, Inc. McDermott Will & Emery LLP acted as legal advisor for LOR, Inc.
Applied Industrial Technologies, Inc. (NYSE:AIT) completed the acquisition of Hydradyne, LLC from LOR, Inc. on December 31, 2024. Recent Insider Transactions • Dec 03
Insider recently sold US$1.1m worth of stock On the 27th of November, Warren Hoffner sold around 4k shares on-market at roughly US$282 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.9m more than they bought in the last 12 months. Announcement • Nov 22
Applied Industrial Technologies, Inc. (NYSE:AIT) agreed to acquire Hydradyne, LLC from LOR, Inc. for approximately $270 million. Applied Industrial Technologies, Inc. (NYSE:AIT) agreed to acquire Hydradyne, LLC from LOR, Inc. for approximately $270 million on November 21, 2024. A cash consideration of $272 million will be paid by Applied Industrial Technologies, Inc. The total consideration paid by Applied will be funded with cash on hand. Applied Industrial Technologies shall deposit with the Escrow Agent, in accordance with the Adjustment Escrow Agreement, an amount equal to $4 million.
The Transaction is expected to close in the fourth quarter of calendar year 2024. Consummation of the Transaction is subject to customary closing conditions, including the expiration of the waiting period applicable to the consummation of the Transaction under theU.S. Hart-Scott-Rodino Antitrust Improvement Act of 1976. The Purchase Agreement also includes customary termination provisions and provides that if the Transaction has not been consummated by March 21, 2025.
Applied expects the acquisition to contribute approximately $260 million in sales and $30 million in EBITDA before anticipated synergies, as well as be accretive to EPS, within the first 12 months of ownership prior to transaction-related expenses and the impact of purchase accounting adjustments.
Squire Patton Boggs LLP acted as legal advisor for Applied Industrial Technologies, Inc. McDermott Will & Emery LLP acted as legal advisor for LOR, Inc. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$273, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$245 per share. Upcoming Dividend • Nov 10
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 15 November 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (1.9%). Announcement • Nov 08
Private Equity Reportedly Kicking the Tyres of Questas Private equity firms are understood to be the players most interested in buying the $400 million industrial business Questas Group Pty Ltd, with the sale process likely to be wrapped up by Christmas. DataRoom reported last month that the business was on offer by owner Allegro Funds (Allegro Funds Pty Ltd) through investment bank UBS, with expectations it might sell for about $400 million. Some industry experts believed that one of the most likely trade buyers to take a look would be Genuine Parts Company (NYSE:GPC) (GPC), which operates in similar areas to Questas. Another is the company Applied Industrial Technologies, Inc. (NYSE:AIT). But the understanding is that mid-sized private equity firms will dominate the competition. Declared Dividend • Oct 27
First quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 15th November 2024 Payment date: 29th November 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 14%. Reported Earnings • Oct 24
First quarter 2025 earnings released: EPS: US$2.40 (vs US$2.42 in 1Q 2024) First quarter 2025 results: EPS: US$2.40 (down from US$2.42 in 1Q 2024). Revenue: US$1.10b (flat on 1Q 2024). Net income: US$92.1m (down 1.9% from 1Q 2024). Profit margin: 8.4% (down from 8.6% in 1Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 08
Applied Industrial Technologies, Inc. to Report Q1, 2025 Results on Oct 24, 2024 Applied Industrial Technologies, Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 24, 2024 Recent Insider Transactions • Sep 05
VP & Chief Human Resource Officer recently sold US$987k worth of stock On the 30th of August, Kurt Loring sold around 5k shares on-market at roughly US$203 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$4.3m. Insiders have been net sellers, collectively disposing of US$8.7m more than they bought in the last 12 months. Recent Insider Transactions • Aug 22
President recently sold US$749k worth of stock On the 19th of August, Neil Schrimsher sold around 4k shares on-market at roughly US$202 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Neil has been a net seller over the last 12 months, reducing personal holdings by US$2.3m. Reported Earnings • Aug 16
Full year 2024 earnings released: EPS: US$9.98 (vs US$8.99 in FY 2023) Full year 2024 results: EPS: US$9.98 (up from US$8.99 in FY 2023). Revenue: US$4.48b (up 1.5% from FY 2023). Net income: US$385.8m (up 11% from FY 2023). Profit margin: 8.6% (up from 7.9% in FY 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 31% per year. Announcement • Aug 15
Applied Industrial Technologies, Inc. Provides Earnings Guidance for Fiscal 2025 Applied Industrial Technologies, Inc. provided earnings Guidance for Fiscal 2025. For the year, the company expects EPS guidance in the range of $9.20 to $9.95 based on assumptions for total sales of down 2.5% to up 2.5% including down 4.0% to up 1.0% on an organic daily basis. Announcement • Aug 14
Applied Industrial Technologies Announces Board Changes Applied Industrial Technologies announced that Richard J. Simoncic has been elected to its Board of Directors. Simoncic, 61, has served in executive leadership roles at Microchip Technology Inc. since 1999, including as Chief Operating Officer, as well as Executive Vice President, Senior Vice President, and Vice President of its Analog Power and Interface Business. Simoncic holds a Bachelor of Science degree in electrical engineering technology from DeVry Institute of Technology. The appointment of Simoncic comes ahead of the departure of Dan P. Komnenovich in October 2024, pursuant to the Company’s guidelines that provide for retirement after a Director reaches the age of 72. Upcoming Dividend • Aug 08
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (2.1%). Buy Or Sell Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock has risen 11% to US$205. The fair value is estimated to be US$257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 8.9% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Announcement • Jul 25
Applied Industrial Technologies, Inc. to Report Q4, 2024 Results on Aug 15, 2024 Applied Industrial Technologies, Inc. announced that they will report Q4, 2024 results Pre-Market on Aug 15, 2024 Buy Or Sell Opportunity • Jul 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to US$186. The fair value is estimated to be US$237, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 9.0% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Declared Dividend • Jul 08
Third quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 15th August 2024 Payment date: 30th August 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 14%. Announcement • Jun 29
Applied Industrial Technologies, Inc., Annual General Meeting, Oct 22, 2024 Applied Industrial Technologies, Inc., Annual General Meeting, Oct 22, 2024. Location: its corporate headquarters, 1 applied plaza (e. 36th & euclid avenue), cleveland, ohio., United States Announcement • Jun 28
Applied Industrial Technologies, Inc. Announces Quarterly Cash Dividend, Payable on August 30, 2024 Applied Industrial Technologies, Inc. announced that Board of Directors of the company declared quarterly cash dividend of $0.37 per common share. The dividend will be payable on August 30, 2024, to shareholders of record on August 15, 2024. Declared Dividend • Apr 28
Third quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 14th May 2024 Payment date: 31st May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 14%. Buy Or Sell Opportunity • Apr 26
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at US$178. The fair value is estimated to be US$232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 9.7% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Reported Earnings • Apr 26
Third quarter 2024 earnings released: EPS: US$2.51 (vs US$2.52 in 3Q 2023) Third quarter 2024 results: EPS: US$2.51. Revenue: US$1.15b (up 1.3% from 3Q 2023). Net income: US$97.2m (flat on 3Q 2023). Profit margin: 8.5% (in line with 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in the United Kingdom. Announcement • Apr 26
Applied Industrial Technologies, Inc. entered into an agreement to acquire Kopar, S.A. De C.V.. Applied Industrial Technologies, Inc. entered into an agreement to acquire Grupo Kopar on April 25, 2024. The transaction is expected to close in the coming weeks. Announcement • Apr 09
Applied Industrial Technologies, Inc. to Report Q3, 2024 Results on Apr 25, 2024 Applied Industrial Technologies, Inc. announced that they will report Q3, 2024 results Pre-Market on Apr 25, 2024 Upcoming Dividend • Feb 07
Upcoming dividend of US$0.37 per share at 0.8% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (2.1%). Declared Dividend • Jan 28
Second quarter dividend increased to US$0.37 Dividend of US$0.37 is 5.7% higher than last year. Ex-date: 14th February 2024 Payment date: 29th February 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 14%. Reported Earnings • Jan 26
Second quarter 2024 earnings released: EPS: US$2.36 (vs US$2.09 in 2Q 2023) Second quarter 2024 results: EPS: US$2.36 (up from US$2.09 in 2Q 2023). Revenue: US$1.08b (up 1.6% from 2Q 2023). Net income: US$91.2m (up 13% from 2Q 2023). Profit margin: 8.5% (up from 7.6% in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Jan 26
Applied Industrial Technologies, Inc. Revises Earnings Guidance for the Fiscal Year 2024 Applied Industrial Technologies, Inc. revised earnings guidance for the fiscal year 2024. For the year, the company now projects sales growth of 1% to 3% (prior 1% to 4%) including 0% to 2% on an organic daily basis. Announcement • Jan 25
Applied Industrial Technologies, Inc. Approves Quarterly Cash Dividend, Payable on February 29, 2024 Applied Industrial Technologies, Inc. announced that its Board of Directors approved an increase in the quarterly cash dividend to $0.37 per common share, payable on February 29, 2024, to shareholders of record on February 15, 2024. Announcement • Jan 13
Applied Industrial Technologies, Inc. to Report Q2, 2024 Results on Jan 25, 2024 Applied Industrial Technologies, Inc. announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Jan 25, 2024 Recent Insider Transactions • Nov 16
VP & Chief Human Resource Officer recently sold US$900k worth of stock On the 14th of November, Kurt Loring sold around 5k shares on-market at roughly US$164 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.5m. Insiders have been net sellers, collectively disposing of US$7.6m more than they bought in the last 12 months. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.35 per share at 0.9% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (6.5%). Lower than average of industry peers (2.3%). Reported Earnings • Oct 27
First quarter 2024 earnings released: EPS: US$2.42 (vs US$2.00 in 1Q 2023) First quarter 2024 results: EPS: US$2.42 (up from US$2.00 in 1Q 2023). Revenue: US$1.10b (up 3.1% from 1Q 2023). Net income: US$93.8m (up 22% from 1Q 2023). Profit margin: 8.6% (up from 7.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Trade Distributors industry in the United Kingdom. Announcement • Oct 06
Applied Industrial Technologies, Inc. to Report Q1, 2024 Results on Oct 26, 2023 Applied Industrial Technologies, Inc. announced that they will report Q1, 2024 results Pre-Market on Oct 26, 2023 Announcement • Sep 06
Applied Industrial Technologies, Inc. (NYSE:AIT) acquired Bearing Distributors, Inc. And Cangro Industries, Inc. Applied Industrial Technologies, Inc. (NYSE:AIT) acquired Bearing Distributors, Inc. And Cangro Industries, Inc. on September 5, 2023.
Applied Industrial Technologies, Inc. (NYSE:AIT) completed the acquisition of Bearing Distributors, Inc. And Cangro Industries, Inc. on September 5, 2023. Recent Insider Transactions • Aug 30
President recently sold US$1.5m worth of stock On the 25th of August, Neil Schrimsher sold around 10k shares on-market at roughly US$154 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$4.6m. Neil has been a net seller over the last 12 months, reducing personal holdings by US$6.4m. New Risk • Aug 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$4.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Aug 18
President recently sold US$4.6m worth of stock On the 15th of August, Neil Schrimsher sold around 30k shares on-market at roughly US$154 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Neil has been a net seller over the last 12 months, reducing personal holdings by US$4.8m. Announcement • Aug 11
Applied Industrial Technologies, Inc. Provides Earnings Guidance for the Fiscal 2024 Applied Industrial Technologies, Inc. provided earnings guidance for the fiscal 2024. The company is introducing fiscal 2024 EPS guidance in the range of $8.80 to $9.55 based on sales growth of 0% to 4%. Reported Earnings • Aug 11
Full year 2023 earnings released: EPS: US$8.99 (vs US$6.69 in FY 2022) Full year 2023 results: EPS: US$8.99 (up from US$6.69 in FY 2022). Revenue: US$4.41b (up 16% from FY 2022). Net income: US$346.7m (up 35% from FY 2022). Profit margin: 7.9% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Trade Distributors industry in the United Kingdom. Upcoming Dividend • Aug 07
Upcoming dividend of US$0.35 per share at 1.0% yield Eligible shareholders must have bought the stock before 14 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (2.1%). 
