Professional
Added to YB: 2024-08-20
Pitch date: 2024-07-25
AIT [bullish]
Applied Industrial Technologies, Inc.
+24.09%
current return
Author Info
No bio for this author
Company Info
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica.
Market Cap
$10.2B
Pitch Price
$210.92
Price Target
N/A
Dividend
0.69%
EV/EBITDA
17.36
P/E
26.85
EV/Sales
2.33
Sector
Trading Companies and Distributors
Category
growth
Polen U.S. Small Company Growth New Position: Applied Industrial Technologies, Inc.
AIT: Industrial distributor w/ 500+ US centers. Strong in 5 product areas incl. Power Transmission, Bearings, Fluid Power. Gaining market share via scale & customer ties. Secular tailwinds: reshoring, infrastructure, automation. Robust ops & capital allocation track record. Diverse end markets: manufacturing, food/bev, oil/gas, life sciences, chemicals, cement, transport.
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