AIT, NYSE

Applied Industrial Technologies, Inc. (AIT)

Price (as of October 24)

111.52USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

FERG

Ferguson plc

-0.06

SITE

SiteOne Landscape Supply, Inc.

-0.05

CNM

Core & Main, Inc.

-0.05

FERG.L

Ferguson plc

-0.02

WSO-B

Watsco, Inc.

-0.02

TRNS

Transcat, Inc.

-0.02

TITN

Titan Machinery Inc.

-0.01

FAST

Fastenal Company

-0.01

POOL

Pool Corporation

-0.01

GWW

W.W. Grainger, Inc.

-0.01

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Highest within Industry

Symbol Correlation

MSM

MSC Industrial Direct Co., Inc.

0.03

DXPE

DXP Enterprises, Inc.

0.02

DSGR

Distribution Solutions Group, Inc.

0.01

GIC

Global Industrial Company

0.01

WCC

WESCO International, Inc.

0.01

WSO

Watsco, Inc.

-0

EVI

EVI Industries, Inc.

-0.01

GWW

W.W. Grainger, Inc.

-0.01

POOL

Pool Corporation

-0.01

FAST

Fastenal Company

-0.01

Show more

Profile

Sector:
Industrials
Industry:
Industrial Distribution

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers’ machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company provides equipment repair and technical support services. It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.