Applied Industrial (AIT)

Company Profile

Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Applied® leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.

Company profile

Ticker

AIT

Exchange

NYSE

Website

www.applied.com

CEO

Neil Schrimsher

Incorporated

Ohio

Location

Ohio

Fiscal year end

Jun 30

Sector

Wholesale Trade > Industrial Machinery and Equipment Merchant Wholesalers

Industry (SIC)

Wholesale - Machinery, Equipment & Supplies

Hillman Companies • Willis Lease Finance • Distribution Solutions • Hudson • YBCC • Urban-gro • AerSale • FACT ...

Former names

BEARINGS INC /OH/

SEC CIK

0000109563

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

AIT Canada, ULC • AIT Holding Corp. • AIT International Inc. • AIT Receivables LLC • Applied Australia Holdings Pty Ltd. • Applied Canada Holdings, ULC • Applied Industrial Technologies - CA LLC • Applied Industrial Technologies - Capital, Inc. • Applied Industrial Technologies - Dixie, Inc. • Applied Industrial Technologies, LP ...

IRS number

340117420

AIT stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$164.00

Low target

$160.00

High target

$170.00

Latest filings (excl ownership)

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8-K

Entry into a Material Definitive Agreement

27 Jan 23

Applied Industrial Technologies Reports Fiscal 2023 Second Quarter Results

26 Jan 23

8-K

Entry into a Material Definitive Agreement

28 Oct 22

Applied Industrial Technologies Reports Fiscal 2023 First Quarter Results

27 Oct 22

8-K

Submission of Matters to a Vote of Security Holders

9 Sep 22

12 Aug 22

Applied Industrial Technologies Elects New Board Member

11 Aug 22

Transcripts

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AIT

Earnings call transcript

2023 Q2

26 Jan 23

AIT

Earnings call transcript

2023 Q1

30 Oct 22

AIT

Earnings call transcript

2022 Q4

11 Aug 22

AIT

Earnings call transcript

2022 Q3

29 Apr 22

AIT

Earnings call transcript

2022 Q2

27 Jan 22

AIT

Earnings call transcript

2022 Q1

27 Oct 21

AIT

Earnings call transcript

2021 Q4

17 Aug 21

AIT

Earnings call transcript

2021 Q3

2 May 21

AIT

Earnings call transcript

2021 Q2

28 Jan 21

AIT

Earnings call transcript

2021 Q1

28 Oct 20

Latest ownership filings

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Financial summary

Financial statements Chart AIT financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jun 22	Jun 21	Jun 20	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q4 2022

AIT institutional ownership history Ownership history

92.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	325	282	+15.2%
Opened positions	57	36	+58.3%
Closed positions	14	26	-46.2%
Increased positions	99	105	-5.7%
Reduced positions	125	96	+30.2%

13F shares	Current	Prev Q	Change
Total value	4.40 tn	3.88 bn	+113311.0%
Total shares	35.73 mm	33.46 mm	+6.8%
Total puts	28.80 k	84.20 k	-65.8%
Total calls	58.60 k	15.70 k	+273.2%
Total put/call ratio	0.5	5.4	-90.8%

Largest owners	Shares	Value	Change
BLK Blackrock	6.70 mm	$844.60 bn	-2.1%
Vanguard	4.97 mm	$626.24 bn	+2.2%
JPM JPMorgan Chase & Co.	1.87 mm	$235.16 bn	-8.9%
STT State Street	1.31 mm	$165.66 bn	NEW
Fuller & Thaler Asset Management	1.29 mm	$161.72 bn	+0.7%
Victory Capital Management	1.14 mm	$144.04 bn	-31.8%
FMR	1.13 mm	$141.83 bn	+9.0%
Wellington Management	1.02 mm	$128.80 bn	-14.1%
MCQEF Macquarie	945.07 k	$119.11 bn	+5.0%
Dimensional Fund Advisors	913.73 k	$114.79 bn	+0.1%

Largest transactions	Shares	Bought/sold	Change
STT State Street	1.31 mm	+1.31 mm	NEW
Fiduciary Management	622.57 k	+622.57 k	NEW
Victory Capital Management	1.14 mm	-532.36 k	-31.8%
Norges Bank	448.80 k	+448.80 k	NEW
Handelsbanken Fonder AB	226.42 k	+219.80 k	+3318.7%
JPM JPMorgan Chase & Co.	1.87 mm	-183.32 k	-8.9%
Robecosam	206.40 k	+168.40 k	+443.2%
Wellington Management	1.02 mm	-168.31 k	-14.1%
BLK Blackrock	6.70 mm	-142.07 k	-2.1%
Acadian Asset Management	218.76 k	+138.16 k	+171.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AIT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Mar 23	Schrimsher Neil A	Common Stock	Sell	Dispose S	No	Yes	145.06	21,526	3.12 mm	318,218
1 Mar 23	Schrimsher Neil A	Common Stock	Sell	Dispose S	No	Yes	145	4,186	606.97 k	339,744
20 Feb 23	Schrimsher Neil A	Common Stock	Payment of exercise	Dispose F	No	No	144.59	29,659	4.29 mm	343,930
20 Feb 23	Schrimsher Neil A	Common Stock	Option exercise	Acquire M	No	No	53.87	44,925	2.42 mm	373,589
20 Feb 23	Schrimsher Neil A	Common Stock	Payment of exercise	Dispose F	No	No	144.59	35,199	5.09 mm	328,664
20 Feb 23	Schrimsher Neil A	Common Stock	Option exercise	Acquire M	No	No	54.9	53,000	2.91 mm	363,863
20 Feb 23	Schrimsher Neil A	Stock Appreciation Rights Common Stock	Option exercise	Dispose M	No	No	53.87	44,925	2.42 mm	14,975
20 Feb 23	Schrimsher Neil A	Stock Appreciation Rights Common Stock	Option exercise	Dispose M	No	No	54.9	53,000	2.91 mm	0
14 Feb 23	Warren E Hoffner III	Common Stock	Payment of exercise	Dispose F	No	No	142.29	2,139	304.36 k	55,823
14 Feb 23	Warren E Hoffner III	Common Stock	Option exercise	Acquire M	No	No	69.05	2,950	203.70 k	57,962