| Applied Industrial Technologies is a distributor of bearings, power transmission products, fluid power components and systems, specialty flow control solutions, and other industrial supplies, operating in North America, Australia, New Zealand, and Singapore. In addition, Co. provides engineering, design, and systems integration for industrial, fluid power, and flow control applications, as well as customized mechanical, fabricated rubber, fluid power, and flow control shop services. Co. has two reportable segments: service center based distribution; and fluid power and flow control. We show 38 historical shares outstanding datapoints in our AIT shares outstanding history coverage, used to compute AIT market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AIT market cap history over the course of time is important for investors
interested in comparing AIT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AIT versus a peer is one thing; comparing
AIT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AIT can fluctuate over the course of history.
With this page we aim to empower investors researching AIT by allowing them to research the AIT market cap history.