Stock AIT APPLIED INDUSTRIAL TECHNOLOGIES, INC.
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Company Applied Industrial Technologies, Inc.

Equities

AIT

US03820C1053

Industrial Machinery & Equipment

Market Closed - Nyse
Other stock markets
 04:00:01 2024-04-22 pm EDT 		5-day change 1st Jan Change
183.6 USD +0.08% Intraday chart for Applied Industrial Technologies, Inc. -2.98% +6.32%
Apr. 03 Oppenheimer Initiates Coverage on Applied Industrial Technologies With Outperform Rating, $235 Price Target MT
Mar. 18 Applied Industrial Technologies, Inc.(NYSE:AIT) added to S&P 400 Industrials CI

Business Summary

Applied Industrial Technologies, Inc. is a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The Company’s segments include Service Center Based Distribution and Engineered Solutions. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Its products include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses. The Engineered Solutions segment includes its operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services.

Number of employees: 6,365

Sales per Business

USD in Million2022Weight2023Weight Delta
Service Center Based Distribution
67.2 %
2,566 67.3 % 2,967 67.2 % +15.64%
Engineered Solutions
32.8 %
1,245 32.7 % 1,446 32.8 % +16.13%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
87.5 %
3,300 86.6 % 3,860 87.5 % +16.99%
Canada
7.1 %
292 7.7 % 315 7.1 % +8.22%
Other Countries
5.4 %
219 5.8 % 237 5.4 % +7.97%

Managers

Managers TitleAgeSince
Neil Schrimsher CEO
 Chief Executive Officer 60 11-10-16
David Wells DFI
 Director of Finance/CFO 61 17-04-30
Lonny Lawrence CTO
 Chief Tech/Sci/R&D Officer - 07-12-31
Ryan Cieslak IRC
 Investor Relations Contact - 19-03-25
Jason Vasquez SAM
 Sales & Marketing - -
Warren Hoffner PRN
 Corporate Officer/Principal - -
Jon Ploetz LAW
 General Counsel - 23-03-30
Kurt Loring HRO
 Human Resources Officer 54 11-09-30

Members of the board

Members of the board TitleAgeSince
Vincent Petrella BRD
 Director/Board Member 63 12-07-23
Peter Wallace CHM
 Chairman 69 04-12-31
Robert Pagano BRD
 Director/Board Member 61 17-08-09
Joe Raver BRD
 Director/Board Member 58 17-08-09
Madhuri Andrews BRD
 Director/Board Member 57 19-08-12
Dan Komnenovich BRD
 Director/Board Member 72 12-07-23
Neil Schrimsher CEO
 Chief Executive Officer 60 11-10-16
Shelly Chadwick BRD
 Director/Board Member 52 22-08-08
Mary Hall BRD
 Director/Board Member 67 19-08-12

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 54,177,465 38,185,863 ( 70.48 %) 15,508,000 ( 28.62 %) 70.48 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.44 %
5,971,736 15.44 % 1 180 M $
Vanguard Fiduciary Trust Co.
13.12 %
5,072,162 13.12 % 1 002 M $
Fidelity Management & Research Co. LLC
4.510 %
1,743,870 4.510 % 345 M $
Merrill Lynch Investment Managers, Inc.
3.794 %
1,467,140 3.794 % 290 M $
STATE STREET CORPORATION
3.756 %
1,452,585 3.756 % 287 M $
JPMorgan Investment Management, Inc.
3.704 %
1,432,412 3.704 % 283 M $
Dimensional Fund Advisors LP
2.449 %
947,207 2.449 % 187 M $
Macquarie Investment Management Business Trust
2.348 %
907,875 2.348 % 179 M $
Invesco Advisers, Inc.
2.147 %
830,261 2.147 % 164 M $
Geode Capital Management LLC
2.102 %
812,692 2.102 % 161 M $

Company contact information

Applied Industrial Technologies, Inc.

1 Applied Plaza

44115-5000, Cleveland

+216 426 4000

http://www.applied.com
address Applied Industrial Technologies, Inc.(AIT)

Sector

Industrials
Industrial Goods
Machinery, Equipment & Components
Industrial Machinery & Equipment
Industrial Machinery & Equipment Wholesale

Sales per Business

Sales per region

Ratings for Applied Industrial Technologies, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
183.6 USD
Average target price
213.8 USD
Spread / Average Target
+16.42%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Industrial Machinery & Equipment Wholesale

1st Jan change Capi.
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+6.32% 7.1B
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Industrial Machinery & Equipment Wholesale
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