Applied Industrial Technologies (AIT) 58.45 green arrow $0.25 (0.43%) 03:08PM (15 mins delay)

$58.45    $0.25  (0.43%)

Last: $58.45 High: $58.75
Prev Close: $58.20 Low: $58.05
Open: $58.40 Mkt Cap: $2.27B
Change: $0.25 ( 0.43% ) 52Wk High: $69.00
Vol: 65,406 52Wk Low: $42.61
Avg Volume: 3.45M Shares: 39M
EPS: 0.75 PE Ratio: 21.50

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Company Description

Applied Industrial Technologies, Inc. (Applied) is a North American distributor of bearings, power transmission components, fluid power components and systems, industrial rubber products, linear components, tools, safety products, general maintenance products and a variety of mill supply products. Fluid power products include hydraulic, pneumatic, lubrication and filtration components and systems. The Company operates through two segments, service center-based distribution and fluid power businesses. The service center-based distribution segment provides customers with a range of industrial products through a network of service centers stretching across North America. The fluid power businesses segment consists of specialized regional companies, which distribute fluid power components and operate shops to assemble fluid power systems and perform equipment repair. In December 2008, Applied announced that it has acquired the assets of Cincinnati Transmission Company.

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