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Applied Industrial (AIT) Company Profile

Updated Aug 8, 2019
Applied Industrial has the following business profile:
Company's Full Name:Applied Industrial Technologies, Inc.
Short Name:Applied Industrial
Trading Ticker Symbol:AIT
Primary Exchange:NYSE
Headquarter City/Country:Ohio, OH
Primary Industry Sector:Consumer Durables
Seconday Sub-sector:Industrial Specialties
Main Business Areas: Consumer Durables, Industrial Specialties, Industrials, Industrial Distribution
Dividend Payments:Dividend History

Market and Trading Information for Applied Industrial

The following details were available for trading and market data about the stock of Applied Industrial as of writing:
Current Share Price:$56.88
Previous Year's Closing Price:$53.94
Percentage Price Change (YTD):5.45%
Market Cap:$2.16 billion
52-week Price Range:$50.56 - $82.35
Dividend Per Share:$1.21
EPS (TTM):3.69
Price-Earnings (Trailing):15.41
Price-Earnings (Forward):11.54

Company Profile and Business Description for Applied Industrial

Applied Industrial Technologies, Inc., incorporated on September 6, 1988, is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and operations (MRO), and original equipment manufacturing (OEM) customers in various industries. In addition, the Company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services. The Company also provides product-related technical application support and solutions to help customers manage their production downtime, machine performance, and overall procurement and maintenance costs. It operates in two segments: service center-based distribution and fluid power businesses. The service center-based distribution segment provides customers with a range of industrial products primarily through a network of service centers. The fluid power businesses segment consists of specialized regional companies that distribute fluid power components, design and assemble fluid power systems and perform equipment repair. The fluid power businesses primarily sell products and services directly to customers rather than through the service centers. Its field operating structure is built on two platforms: service center-based distribution and fluid power businesses.

The Company is a distributor of various products, such as bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, oilfield supplies and other industrial and maintenance supplies. Fluid power products include hydraulic, electro-hydraulic, pneumatic, electro-pneumatic, lubrication, and filtration components and systems. These products are generally supplied to the Company by manufacturers whom it serves as a non-exclusive distributor. The suppliers also may provide the Company product training, as well as sales and marketing support. The Applied Maintenance Supplies & Solutions service offering provides traditional vendor managed inventory (VMI) services, at customer sites, for industrial and maintenance supplies, including fasteners, cutting tools, paints and chemicals, fluid flow, safety, and janitorial products. In addition to distributing products, it offers shop services in select geographic areas. Its fabricated rubber shops modify and repair conveyor belts and provide hose assemblies (also available at select service centers and distribution centers) in accordance with customer requirements. Field crews install and repair conveyor belts and rubber lining, primarily at customer locations. Among the other services it offers, either performed by it directly or by third-party providers, are the rebuilding or assembly of speed reducers, pumps, valves, cylinders, and electric and hydraulic motors, and custom machining. Its specialized fluid power businesses generally operate independently of the service centers, but as product distributors, share the same focus on customer service.

Service Center-Based Distribution

The service center-based distribution segment includes operations specialized in serving customers in the upstream oil and gas industry; the Applied Maintenance Supplies & Solutions service offering; regional fabricated rubber shops, and rubber service field crews. Customers primarily purchase its products for scheduled maintenance of their machinery and equipment and for emergency repairs.

Fluid Power Businesses

The Company's specialized fluid power businesses primarily market products and services to customers within the businesses' geographic regions. In the United States, the businesses also market products and services through its service center network. In addition to distributing fluid power components, the businesses design and assemble hydraulic and electro-hydraulic power units and control systems, pneumatic and electro-pneumatic panels and sub-assemblies, fabricated aluminum assemblies, lubrication systems, hydraulic manifolds and custom-machined metal parts. The businesses also perform equipment repair and offer technical advice to customers. Its customers include firms purchasing for maintenance, repair and operational needs, as well as for original equipment manufacturing applications. The Company's properties in Highland Heights, Newark, Lenexa, Chanhassen, Billings and Kent are used in its fluid power businesses segment.

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Peer / Competitor Companies of Industrial Specialties Sector

Along with Applied Industrial Technologies, Inc., the following other peer (competitor) companies also exist within the same Industrial Specialties - Consumer Durables sector whose company profile and dividend history is as follows:

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▶ Allied Healthcare Products (AHPI): Allied Healthcare Products, Inc., incorporated on December 19, 1979, manufactures a range of respiratory products used in the healthcare industry in a range of hospital and alternate site settings, including ....See Detailed Company Profile  and Dividend History.

▶ Alpha Pro Tech (APT): Alpha Pro Tech, Ltd., together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel, building supply products, and infection control produ....See Detailed Company Profile  and Dividend History.

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▶ ConforMIS (CFMS): ConforMIS, Inc., incorporated on March 26, 2004, is a medical technology company. The Company uses its iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants, which are ....See Detailed Company Profile  and Dividend History.

▶ DMC Global (BOOM): DMC Global Inc., formerly Dynamic Materials Corporation, incorporated on August 15, 1997, is a diversified technology company. The Company operates a family of technical product and process businesses serving the ....See Detailed Company Profile  and Dividend History.

▶ Edwards Lifesciences (EW): Edwards Lifesciences Corporation, incorporated on September 10, 1999, is a manufacturer of heart valve systems and repair products used to replace or repair a patients diseased or defective heart valve. ....See Detailed Company Profile  and Dividend History.

▶ Exactech (EXAC): Exactech, Inc. (Exactech), incorporated on November 13, 1985, develops, manufactures, markets, distributes and sells orthopedic implant devices, related surgical instrumentation and biologic services to hospitals and physicians in the United ....See Detailed Company Profile  and Dividend History.

▶ Halyard Health (HYH): Halyard Health, Inc., incorporated on February 25, 2014, is a medical technology company. The Company operates through two segments: Medical Devices and Surgical and Infection Prevention (S&IP). The Medical Devices ....See Detailed Company Profile  and Dividend History.

▶ Handy and Harman (HNH): Handy & Harman Ltd. (HNH), incorporated on May 18, 1994, is a holding company. The Company is a diversified manufacturer of engineered industrial products. Through its operating subsidiaries, HNH focuses ....See Detailed Company Profile  and Dividend History.

▶ Histogenics (HSGX): Histogenics Corporation, incorporated on July 14, 2006, is a regenerative medicine company. The Company is focused on developing and commercializing products in the musculoskeletal segment of the marketplace. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Hudson (HDSN): Hudson Technologies, Inc., incorporated on January 11, 1991, is a refrigerant services company. The Companys products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, ....See Detailed Company Profile  and Dividend History.

▶ Industrial of America (IDSA): Industrial Services of America, Inc. (ISA), incorporated on October 2, 1953, buys, processes and markets ferrous and non-ferrous metals, and other recyclable commodities. The Company operates through Recycling Segment. The ....See Detailed Company Profile  and Dividend History.

▶ Inogen (INGN): Inogen, Inc., incorporated on November 27, 2001, is a medical technology company. The Company develops, manufactures and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients ....See Detailed Company Profile  and Dividend History.

▶ Intuitive Surgical (ISRG): Intuitive Surgical, Inc. (Intuitive), incorporated on November 9, 1995, designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Companys da Vinci Surgical System consists of ....See Detailed Company Profile  and Dividend History.

▶ Invacare (IVC): Invacare Corporation, incorporated on March 23, 1971, is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company designs, manufactures and distributes medical devices help people ....See Detailed Company Profile  and Dividend History.

▶ Kaman (KAMN): Kaman Corporation, incorporated on December 13, 1945, conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Companys brands include KAflex, KAron ....See Detailed Company Profile  and Dividend History.

▶ Lakeland Industries (LAKE): Lakeland Industries, Inc. (Lakeland), incorporated on April 30, 1986, manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Companys product ....See Detailed Company Profile  and Dividend History.

▶ Lawson Products (LAWS): Lawson Products, Inc., incorporated on April 16, 1982, is a distributor of products and services to the industrial, commercial, institutional, and governmental maintenance, repair and operations (MRO) marketplace. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Materion (MTRN): Materion Corporation, incorporated on February 1, 2000, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company ....See Detailed Company Profile  and Dividend History.

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