Headquartered in Cleveland, OH Fiscal year ends June NYSE: AIT applied.com
Applied Industrial Technologies (NYSE: AIT) is a value-added distributor and technical solutions provider serving industrial markets. The company distributes and provides engineered solutions across 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 through multi-channel capabilities. The company operates through two reportable segments: Service Center, which focuses on the distribution of industrial supplies and MRO products, and Engineered Solutions, which provides more technically engineered products and solutions including fluid power, flow control, and automation technologies. Applied serves a broad range of end markets and has been expanding through both organic growth initiatives and acquisitions. Updated
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 (NYSE: AIT) is a value-added distributor and technical solutions provider serving industrial markets. The company distributes and provides engineered solutions across industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies.
24/7 Wall St.'s 12-month price target for AIT is $396.66, rated Buy. The Wall Street consensus target is $400.00. AIT price prediction →
