
Applied Industrial Technologies
AIT · NYSE · Industrials / Industrial Distribution
Price History
Full chartMarket Stats
About
Applied Industrial Technologies, Inc. distributes industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center and Engineered Solutions. The Service Center segment distributes industrial bearings, power transmission, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products; and motors, belting, drives, couplings, pumps, linear motion, hydraulic and pneumatic components, filtration supplies, hoses, and other related supplies. It also installs, modifies, and repairs conveyor belts and rubber linings, as well as hose assemblies. The Engineered Solutions segment is involved in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies; and provision of fluid power and industrial flow control products. Its fluid power products and solutions are used in off-highway mobile equipment, stationary industrial equipment and machines, marine and offshore equipment, factory automation, food processing equipment, packaging operations, and downstream energy process systems. This segment also offers pumps, valves, fittings, hoses, process instrumentation, actuators, and filtration supplies; and advanced automation technologies for the design, engineering, assembly, integration, and distribution of machine vision, collaborative robots, mobile robots, radio-frequency identification, industrial networking, motion control, and machine learning technologies for OEMs, machine builders, integrators, and other industrial and technology sectors. The company was formerly known as Bearings, Inc. and changed its name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.
Company Details
- SectorIndustrials
- IndustryIndustrial Distribution
- CEOMr. Neil A. Schrimsher
- Employees6.80K
- Headquarters1 Applied Plaza, Cleveland, OH, United States, 44115, USA
- Websitehttps://www.applied.com
Leadership
- Mr. Neil A. SchrimsherPresident, CEO & Director · b. 1964
- Mr. David K. WellsVP, CFO & Treasurer · b. 1963
- Mr. Kurt W. LoringVP & Chief Human Resource Officer · b. 1969
- Mr. Richard M. WagnerChief Accounting Officer & Controller · b. 1968
- Mr. Ryan Dale CieslakVice President of Investor Relations & Treasury
- Mr. Jon S. Ploetz J.D.VP, General Counsel & Secretary · b. 1973
- Ms. Julie A. KhoManager of Corporate Communications & Public Relations
- Joe MangiapaneManaging Director of Australia & New Zealand
- Mr. Sergio H. NevarezPresident of Applied Mexico
Financials
Income Statement
Balance Sheet
Cash Flow
Earnings
Key Statistics & Ratios
Analyst Ratings
- Strong Buy6
- Hold2
Ownership Breakdown
- Institutions
- 99.15%
- Insiders
- 0.80%
- Retail / Other
- 0.05%
Top Institutional Holders
- BlackRock Inc3.95M10.83%
- Vanguard Portfolio Management, LLC2.11M5.78%
- Vanguard Capital Management, LLC1.67M4.57%
- AQR Capital Management LLC1.34M3.68%
- State Street Corp1.23M3.36%
- First Trust Advisors L.P.1.01M2.76%
- Geode Capital Management, LLC939.32K2.57%
- Fuller & Thaler Asset Management Inc893.71K2.45%
- Dimensional Fund Advisors, Inc.720.99K1.97%
- Wellington Management Company LLP631.56K1.73%
- NORGES BANK579.75K1.59%
- FMR Inc574.40K1.57%
- Two Sigma Investments LLC519.07K1.42%
- Alyeska Investment Group, L.P.503.07K1.38%
Top Fund Holders
- iShares Core S&P Mid-Cap ETF1.32M3.61%
- Vanguard MStar Total Stk Mkt Idx Invest1.16M3.17%
- FullerThaler Behavioral Sm-Cp Eq R6853.45K2.34%
- Vanguard Small Cap Index825.90K2.26%
- American Funds SMALLCAP World A736.70K2.02%
- First Trust RBA Amer Indl RenaisTM ETF513.04K1.41%
Dividends
Stock Splits
- Jun 16, 20063:2
- Dec 20, 20043:2
- Sep 16, 19973:2
- Dec 5, 19953:2
- Jun 5, 19893:2
- Jun 6, 19883:2