Applied Industrial Technologies Q2 earnings reached $2.64 EPS, exceeding estimates by $0.12.
Applied Industrial Technologies (AIT) reported Q2 earnings of $2.64 EPS, exceeding estimates by $0.12. The CEO, Neil A. Schrimsher, sold 3,703 shares of the company, retaining 205,708 shares valued at $41.6M. Institutional investors hold 93.52% of the company's stock. The firm is scheduled to pay a quarterly dividend of $0.37 per share on August 30th. Analysts have given AIT a "Moderate Buy" average rating and a consensus target price of $226.67.
August 23, 2024
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