There Is A Quest For Clarity Surrounding Applied Industrial Technologies Inc. (NYSE: AIT) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Industrial Distribution industry segment, falling under the Industrials sector. The current market capitalization of Applied Industrial Technologies Inc. is $8.41B. A total of 0.74 million shares were traded on the day, compared to an average of 273.67K shares.

In the most recent transaction, Loring Kurt W. sold 4,858 shares of AIT for 203.10 per share on Aug 30 ’24. After the transaction, the VP-Chief HR Officer now owns 19,315 company shares. In a previous transaction on Aug 30 ’24, Loring Kurt W. bought 4,858 shares at 203.10 per share.

Among the insiders who sold shares, Loring Kurt W. disposed of 3,366 shares on Aug 23 ’24 at a per-share price of $209.02. This resulted in the VP-Chief HR Officer holding 19,315 shares of AIT after the transaction. In another insider transaction, Loring Kurt W. bought 3,366 shares at $208.87 per share on Aug 23 ’24.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Applied Industrial Technologies Inc. pays an annual dividend of $1.46, resulting in a dividend yield of 0.67%, and it has a price to earnings (P/E) ratio of 22.26. AIT’s most recent ex-dividend date was 8/15/2024 when it declared a $0.37 quarterly dividend that was paid in cash on 8/30/2024. Previously, the company paid the dividend on 5/31/2024 with an ex-dividend date of 5/14/2024. The AIT stock dividend was $0.37 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, AIT has a high of $224.36 and a low of $149.59.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AIT’s latest balance sheet shows that the firm has $184.47M in Cash & Short Term Investments as of fiscal 2022. There were $689.32M in debt and $499.63M in liabilities at the time. Its Book Value Per Share was $43.97, while its Total Shareholder’s Equity was $1.15B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AIT is Buy with a score of 4.50.

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