Applied Industrial Technologies, Inc. (AIT)

Over the past six months, AIT's stock has experienced several notable events. In August 2024, the company reported its fiscal 2024 results and issued guidance for fiscal 2025, projecting total sales between -2.5% and +2.5% and EPS of $9.20 to $9.95, and announced two bolt-on acquisitions. In October 2025, AIT reported quarterly earnings with $2.63 EPS and revenue of $1.20 billion. In November 2025, the company declared a quarterly dividend of $0.46 per share. Stock price movements in November 2025 showed some fluctuations due to investor concerns, positive sentiment, and news of significant increases in institutional positions.

Applied Industrial Technologies experiences some demand seasonality, with the first fiscal quarter typically being the company's lowest cash generation quarter. The company has also observed periods where sales growth sustained across many areas of its business, with sequential sales rates exceeding normal seasonal patterns. Demand for AIT's products and services is closely tied to the health of the manufacturing sector. Customer production facilities have settled into a steady cadence, and there has been a headwind from slower activity in the technology sector.

Applied Industrial Technologies, Inc. (AIT) is a global company based in Cleveland, Ohio, specializing in the distribution of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The company operates within the Industrial Goods sector, specifically in Industrial Equipment Wholesale and Industrial Specialties. AIT's product portfolio includes a wide range of products, and the company provides engineering, design, system integration, and customized shop services.

Applied Industrial Technologies maintains a significant global presence with facilities and operations in the United States, Puerto Rico, Canada, Mexico, Australia, New Zealand, and Singapore. As of November 28, 2024, there were 288 Applied Industrial Technologies locations in the United States, with Texas, California, and Ohio having the highest number of facilities.

Applied Industrial Technologies has been recognized on several Forbes lists, including "America's Best Large Employers" and "Best Mid-Cap Companies." These recognitions suggest a positive perception of the company as an employer and a well-regarded mid-cap entity within its industry. No specific negative events impacting AIT's brand reputation in the past year were found in the search results.

Applied Industrial Technologies has a diverse ownership structure, with institutional investors holding a significant portion of the company's stock, ranging from approximately 59.41% to 92.43%. Insiders own about 1.00% to 5.55%, and public companies and individual investors hold around 2.02% to 22.73%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. The largest individual shareholder is David L. Pugh, who owns 564,758 shares, representing 1.50% of the company.