Vincent Petrella - Applied Industrial Independent Director
| AIT Stock | USD 183.99 0.41 0.22% |
Director
Mr. Vincent K. Petrella is an Independent Director of Applied Industrial Technologies, Inc. Mr. Petrella is Executive Vice President, Chief Financial Officer and Treasurer of Lincoln Electric Holdings, Inc. . Lincoln Electric engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. As one of Lincoln Electrics top executives, Mr. Petrella has helped lead the companys global expansion over the last decade since 2012.
| Age | 60 |
| Tenure | 12 years |
| Address | 1 Applied Plaza, Cleveland, OH, United States, 44115 |
| Phone | 216 426 4000 |
| Web | https://www.applied.com |
Applied Industrial Management Efficiency
The company has Return on Asset of 0.1152 % which means that on every $100 spent on assets, it made $0.1152 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2579 %, implying that it generated $0.2579 on every 100 dollars invested. Applied Industrial's management efficiency ratios could be used to measure how well Applied Industrial manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Applied Industrial's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.12 in 2024, whereas Return On Capital Employed is likely to drop 0.12 in 2024. At this time, Applied Industrial's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 3.3 B in 2024, whereas Non Current Liabilities Other is likely to drop slightly above 100.2 M in 2024.Similar Executives
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Management Performance
| Return On Equity | 0.26 | ||||
| Return On Asset | 0.12 |
Applied Industrial Leadership Team
Elected by the shareholders, the Applied Industrial's board of directors comprises two types of representatives: Applied Industrial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Applied. The board's role is to monitor Applied Industrial's management team and ensure that shareholders' interests are well served. Applied Industrial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Applied Industrial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ryan Cieslak, Director of Investor Relations and Treasury | ||
| David Wells, Vice President, Chief Financial Officer, Treasurer | ||
| Jon JD, General VP | ||
| Neil Schrimsher, CEO and President Director and Member of Executive Committee | ||
| Peter Wallace, Non-Executive Independent Chairman of the Board | ||
| Vincent Petrella, Independent Director | ||
| Mary Hall, Independent Director | ||
| Joe Mangiapane, Managing Zealand | ||
| Mark Eisele, CFO, VP and Treasurer | ||
| Thomas Hiltz, Independent Director | ||
| Joseph Raver, Director | ||
| Mike Allen, LP Technologies | ||
| Christopher Macey, Principal Accounting Officer, Corporate Controller | ||
| Jason Vasquez, VP Marketing | ||
| Dan Komnenovich, Independent Director | ||
| Madhuri Andrews, Independent Director | ||
| Jerry Thornton, Independent Director | ||
| Sergio Nevrez, President Mexico | ||
| Warren Hoffner, Vice President, General Manager - Fluid Power and Flow Control | ||
| Fred Bauer, Vice President, General Counsel, Secretary | ||
| Julie Kho, Manager Relations | ||
| Robert Pagano, Independent Director | ||
| Peter Dorsman, Independent Director | ||
| Todd Barlett, VP of Acquisitions and Global Bus. Devel. | ||
| Joe Raver, Independent Director | ||
| Kurt Loring, Chief Human Resource Officer, Vice President | ||
| Edith KellyGreen, Independent Director | ||
| Thomas Armold, VP of Sales | ||
| John Meier, Independent Chairman of the Board |
Applied Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Applied Industrial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.26 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 7.45 B | ||||
| Shares Outstanding | 38.67 M | ||||
| Shares Owned By Insiders | 1.25 % | ||||
| Shares Owned By Institutions | 95.67 % | ||||
| Number Of Shares Shorted | 518.94 K | ||||
| Price To Earning | 44.62 X |
Pair Trading with Applied Industrial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Applied Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Applied Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Applied Stock
| 0.68 | DSGR | Distribution Solutions Financial Report 2nd of May 2024 | PairCorr |
| 0.77 | DXPE | DXP Enterprises Financial Report 9th of May 2024 | PairCorr |
| 0.82 | FAST | Fastenal Financial Report 11th of July 2024 | PairCorr |
| 0.91 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
Moving against Applied Stock
| 0.6 | AZ | A2Z Smart Technologies | PairCorr |
| 0.57 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.51 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Applied Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Applied Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Applied Industrial Technologies to buy it.
The correlation of Applied Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied Industrial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Applied Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applied Industrial Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Applied Stock analysis
When running Applied Industrial's price analysis, check to measure Applied Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.
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Is Applied Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Applied Industrial. If investors know Applied will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Applied Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.132 | Dividend Share 1.4 | Earnings Share 9.53 | Revenue Per Share 115.377 | Quarterly Revenue Growth 0.016 |
The market value of Applied Industrial is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Industrial's value that differs from its market value or its book value, called intrinsic value, which is Applied Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Applied Industrial's market value can be influenced by many factors that don't directly affect Applied Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Applied Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.