Headquartered in Cleveland, OH Fiscal year ends June NYSE: AIT applied.com
Applied Industrial Technologies is a value-added distributor and technical solutions provider serving industrial markets. The company distributes and provides engineered solutions for industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. It serves both MRO (maintenance, repair, and operations) and OEM (original equipment manufacturing) customers, as well as new system installation applications across virtually all industrial markets. The company operates through two reportable segments: Service Center, which focuses on distribution of industrial supplies and components, and Engineered Solutions, which provides specialized engineered products and technical solutions including fluid power, flow control, and automation technologies. Applied operates through multi-channel capabilities designed to provide choice, convenience, and technical expertise to its customers. Updated
October organic sales are running about 10% higher year over year, the clearest sign yet that industrial demand is accelerating. Management lifted full-year EPS guidance to $11.70 to $12.20.
Both industrial distributors have rewarded shareholders for years, but one carries a payout ratio that leaves little cushion while the other sits below analyst targets with a cleaner growth story waiting to…
Some distributors are so deeply wired into their customers' factories and procurement systems that a cheaper rival barely registers as a threat. Five industrial companies have built that kind of grip, and…
Applied Industrial Technologies is a value-added distributor and technical solutions provider serving industrial markets. The company distributes and provides engineered solutions for industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies.
24/7 Wall St.'s 12-month price target for AIT is $368.18, rated Buy. The Wall Street consensus target is $380.00. AIT price prediction →
