APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Applied Industrial Technologies, Inc. engages in the manufacture and distribution of industrial parts and products. It operates through the Service Center Based Distribution and Engineered Solutions segments. The Service Center Based Distribution segment is involved in local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. The Engineered Solutions segment focuses on distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services. The company was founded by Joseph Bruening in January 1923 and is headquartered in Cleveland, OH.

Address

ONE APPLIED PLAZA
CLEVELAND, OH 44115-5056

Founded

1923

Number of Employees

6,500

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$45,104 $82,631 $15,226 $25,614 $72 $11,304 $30 $50,196 $4,485 $10,754 $62,712 $28,012
Average Price $47.81 $41.66 $41.29 $58.28 $72.52 $58.11 $59.73 $98.01 $98.51 $169.43 $187.17 $63.05
# Shares Purchased 943,323 1,983,577 368,743 439,460 991 194,543 502 512,168 45,530 63,471 335,053 444,306
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 324.6% 387.3% 391.6% 248.3% 179.9% 249.4% 239.9% 107.1% 106.1% 19.8% 8.5% 222.0%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return 142.7% 214.3% 223.0% 118.6% 75.1% 156.3% 165.0% 75.5% 68.8% -11.5% 1.1% 128.0%
Quartile Rank
Percentile Rank 85% 90% 90% 88% 85% 92% 92% 91% 93% 60% 58% 94%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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