Applied Industrial Technologies, Inc. logo AIT - Applied Industrial Technologies, Inc.

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| PRICE TARGET: $336.75 DETAILS
HIGH: $380.00
LOW: $300.00
MEDIAN: $333.50
CONSENSUS: $336.75
UPSIDE: 4.42%

About Applied Industrial Technologies, Inc. (https://www.applied.com)

Applied Industrial Technologies, Inc. (AIT) is a prominent distributor specializing in advanced solutions for industrial motion, power, control, and automation. Its operational footprint extends across North America, Australia, New Zealand, and Singapore. The company structures its operations into two main divisions: Service Center Based Distribution and Fluid Power & Flow Control. AIT's extensive product portfolio encompasses a wide range of industrial components and systems, including bearings, power transmission equipment, engineered fluid power systems, specialized flow control mechanisms, cutting-edge automation products, various industrial rubber items, linear motion components, and essential tools, safety gear, and oilfield provisions. Furthermore, it supplies motors, belting, drives, couplings, pumps, hydraulic and pneumatic parts, filtration products, valves, fittings, process instrumentation, actuators, and hoses, alongside other crucial supplies necessary for the general operational upkeep of customer machinery. Beyond product distribution, AIT offers robust service capabilities, including operating specialized fabricated rubber workshops and deploying field crews for the installation, modification, and repair of conveyor belts and rubber linings. The company also provides custom hose assemblies, comprehensive equipment repair, and valuable technical support services. Products are channeled to customers via an expansive network of strategically located service centers. Its diverse clientele spans numerous sectors such as agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery, life sciences, mining, oil and gas, primary metals, technology, transportation, utilities, and governmental bodies. Established in 1923 under its original name, Bearings, Inc., the company adopted its current moniker, Applied Industrial Technologies, Inc., in 1997. Its corporate headquarters are situated in Cleveland, Ohio.

Key Executives

NAME TITLE DOB SALARY
Neil A. Schrimsher President, Chief Executive Officer & Director 1964 $2,179,202 USD
Jon S. Ploetz Vice President, General Counsel & Secretary 1973 $891,689 USD
David K. Wells Vice President, Chief Financial Officer, & Treasurer 1963 $889,550 USD
Kurt W. Loring Vice President & Chief Human Resource Officer 1969 $648,633 USD
Joe Mangiapane Managing Director of Australia & New Zealand
Julie A. Kho Manager of Corporate Communications & Public Relations
Mike R. Allen President of Applied Industrial Technologies, LP - Canada
Richard Wagner Chief Accounting Officer & Controller 1968
Ryan Dale Cieslak Vice President of Investor Relations & Treasury

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