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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Applied Industrial Technologies, Inc.
Type
Public company
Traded as NYSE: AIT
S&P 600 Component
Founded 1923 (1923)
Founder Joseph M. Bruening
Headquarters Cleveland, Ohio, United States
Number of locations
More than 500 facilities
Area served
United States, Puerto Rico, Canada, Mexico, Australia and New Zealand
Key people
Neil Schrimsher, President and CEO
Products
  • Bearings
  • Power Transmission
  • Fluid Power
  • Industrial Rubber
  • General Maintenance
Number of employees
4,635 (2007-2008)
Website www.applied.com
Footnotes / references
  • Founded, Number of Locations
  • Headquarters, Number of Employees

Applied Industrial Technologies, Inc. (AIT) a public, American company focused on the manufacture and sale of industrial (including automotive) parts and fluid power components; it also provides modification, repair and installation services for industrial rubber components, such as conveyor belts and hoses.

Joseph M. Bruening founded Applied Industrial Technologies, then called the Ohio Ball Bearing Company, in 1923. First year sales totaled $82,000. Over the next few decades, new branches opened and sales rose steadily.

In 1953, the company was renamed Bearings, Inc. As acquisitions were made (Dixie Bearings, Inc., King Bearing, Inc., Mainline Industrial Distributors, Inc.), the company’s product and service offering grew. Bearings, Inc. became an authorized distributor for bearings, power transmission supplies, fluid power components and industrial rubber products.

In 1995, Bearings, Inc. recorded more than a billion dollars in sales for the first time. Acquisitions were made in 1996 (Engineered Sales, Inc.) and 1997 (Invetech Company (parent company of Detroit Ball Bearing, American Bearing and Power Transmission, Moore Bearing, Kentucky Bearing Service and Hewitt Transmission)).

The company’s name was changed to Applied Industrial Technologies in 1997.

Since 1998, Applied has continued to make acquisitions, expanding further in the U.S. (Minnesota Bearing Company, Cincinnati Transmission) but also increasing its presence in Puerto Rico (Rafael Benitez Carrillo), Mexico (Baleros Industriales, S.A. de C.V., Rodamientos y Bandas de la Laguna, S.A. de C.V., VYCMEX S.A. de C.V., Suministros Industriales Enol, S.A. de C.V.) and Canada (Bearing & Transmission, B & T Rubber, HyPOWER Systems, Industrial Equipment Co. Ltd., Groupe GLM,). Through acquisitions (Spencer Industries, Inc., Bay Advanced Technologies, Carolina Fluid Components, DTS Fluid Power, FluidTech, Hughes HiTech, Hydro Air and Power Systems), Applied has also grown its offering of fluid power products and services.

Investment goal date:
Dividends reinvested
Applied Industrial Technologies, Inc. AIT report Q1 2018
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q3 2018
2018-04-28
--
--
Q2 2018
2018-01-24
--
--
Q1 2018
2017-10-25
0.8600
0.8600
Q4 2017
2017-08-11
0.7800
1.3400
Q3 2017
2017-04-27
0.7500
0.7500
Q2 2017
2017-01-26
0.6100
0.6100
Q1 2017
2016-10-26
0.7000
0.7000
Q4 2016
2016-08-12
0.6600
0.6600
Q3 2016
2016-04-28
0.6100
-1.1400
Q2 2016
2016-01-28
0.6100
0.6100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Bank of New York Mellon Corp
755638
BlackRock Fund Advisors
3024067
BlackRock Inc.
5566855
BlackRock Institutional Trust Company, N.A.
985354
DIMENSIONAL FUND ADVISORS LP
1178297
FIDUCIARY MANAGEMENT INC /WI/
737204
JPMORGAN CHASE & CO
1913244
NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION
1361359
Neuberger Berman Group LLC
872725
PRICE T ROWE ASSOCIATES INC /MD/
1639022
RE ADVISERS CORP
1361359
STATE STREET CORP
902199
Vanguard Group, Inc
3495544
VICTORY CAPITAL MANAGEMENT INC
1111406
WELLINGTON MANAGEMENT CO LLP
1024275
Major Shareholders
Name Relationship
Total Shares
Holding stocks
BARES WILLIAM G
0.1800% (77050)
AIT /
MEIER JOHN F
0.0200% (8312)
AIT / CTB /
KOMNENOVICH DAN
0.0400% (15890)
AIT /
THORNTON JERRY SUE
0.0100% (2498)
AIT / FE / RPM /
THORNTON JERRY SUE
0.1500% (61141)
AIT / FE / RPM /
DORSMAN PETER A
0.0900% (36526)
AIT / HDS / NCR /
COMMES THOMAS A
0.0300% (12019)
AIT /
EISELE MARK O
0.2500% (106090)
AIT /
BAUER FRED D
0.2300% (95155)
AIT /
BARLETT TODD A
0.0200% (8851)
AIT /
HILTZ L THOMAS
0.0300% (14217)
AIT /
MOORE JOSEPH MICHAEL
0.0700% (28087)
AIT /
KELLY GREEN EDITH
0.0700% (28858)
AIT /
BREZOVEC DANIEL T
0.0500% (20368)
AIT /
PETRELLA VINCENT K
0.0300% (10464)
AIT / LECO /
Wallace Peter C
0.0300% (14128)
AIT / CW / PKD / ROG /
Mondics Benjamin J
0.2400% (101689)
AIT /
Armold Thomas E
0.0800% (33250)
AIT /
Schrimsher Neil A
0.3100% (128414)
AIT / PDCO /
Will Carl E.
0.0100% (5385)
AIT / IVC /
Macey Christopher
0.0100% (5283)
AIT / DBD /
Loring Kurt W.
0.0300% (13379)
AIT /
% ()