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Neil A. Schrimsher net worth and biography

Neil Schrimsher Biography and Net Worth

CEO of Applied Industrial Technologies

Neil A. Schrimsher joined Applied® as Chief Executive Officer in 2011. In 2013 his title was expanded to President & CEO. Prior to joining Applied, he served as Executive Vice President of Cooper Industries where he led multiple businesses in Cooper's Electrical Products Group and headed numerous domestic and international growth initiatives.

Before joining Cooper in 2006 as President of Cooper Lighting, Schrimsher worked in Atlanta for Siemens Energy & Automation, part of Siemens AG, the global electronics and electrical engineering company, as Vice President, Residential Infrastructure Division (2001-2003), and Vice President, Power Distribution & Controls (2003-2006).

Schrimsher began his career at General Electric Company in 1984 and rose through a succession of positions in GE Lighting, including National Sales Manager and General Manager of Commercial & Industrial Marketing. He worked at GE Lighting headquarters in Cleveland from 1991-1994 and from 1998-2001.

His career includes extensive experience and a proven track record of generating profitable growth and driving operational continuous improvement. He brings to Applied an excellent understanding of the industrial distribution business from a manufacturer’s viewpoint and a customer's perspective.

Schrimsher currently serves on the Board of Directors of Patterson Companies, Inc. He holds an MBA from John Carroll University and a BS in business administration (marketing) from the University of Tennessee.

What is Neil A. Schrimsher's net worth?: The estimated net worth of Neil A. Schrimsher is at least $54.71 million as of August 19th, 2024. Mr. Schrimsher owns 205,708 shares of Applied Industrial Technologies stock worth more than $54,710,100 as of November 21st. This net worth approximation does not reflect any other assets that Mr. Schrimsher may own. Additionally, Mr. Schrimsher receives an annual salary of $2,870,000.00 as CEO at Applied Industrial Technologies. Learn More about Neil A. Schrimsher's net worth.
How old is Neil A. Schrimsher?: Mr. Schrimsher is currently 60 years old. There are 2 older executives and no younger executives at Applied Industrial Technologies. Learn More on Neil A. Schrimsher's age.
What is Neil A. Schrimsher's salary?: As the CEO of Applied Industrial Technologies, Inc., Mr. Schrimsher earns $2,870,000.00 per year. Learn More on Neil A. Schrimsher's salary.
How do I contact Neil A. Schrimsher?: The corporate mailing address for Mr. Schrimsher and other Applied Industrial Technologies executives is ONE APPLIED PLAZA, CLEVELAND OH, 44115. Applied Industrial Technologies can also be reached via phone at (216) 426-4000 and via email at [email protected]. Learn More on Neil A. Schrimsher's contact information.
Has Neil A. Schrimsher been buying or selling shares of Applied Industrial Technologies?: Neil A. Schrimsher has not been actively trading shares of Applied Industrial Technologies over the course of the past ninety days. Most recently, Neil A. Schrimsher sold 3,703 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $202.24, for a transaction totalling $748,894.72. Following the completion of the sale, the chief executive officer now directly owns 205,708 shares of the company's stock, valued at $41,602,385.92. Learn More on Neil A. Schrimsher's trading history.
Who are Applied Industrial Technologies' active insiders?: Applied Industrial Technologies' insider roster includes Fred Bauer (VP), Peter Dorsman (Director), Mary Hall (Director), Warren Hoffner, III (VP), Kurt Loring (VP), Christopher Macey (Insider), Vincent Petrella (Director), Neil Schrimsher (CEO), Jason Vasquez (VP), and Peter Wallace (Director). Learn More on Applied Industrial Technologies' active insiders.
Are insiders buying or selling shares of Applied Industrial Technologies?: In the last year, insiders at the industrial products company sold shares 6 times. They sold a total of 15,707 shares worth more than $3,116,062.04. The most recent insider tranaction occured on August, 30th when VP Kurt W Loring sold 4,858 shares worth more than $986,659.80. Insiders at Applied Industrial Technologies own 1.7% of the company. Learn More about insider trades at Applied Industrial Technologies.
Information on this page was last updated on 8/30/2024.

Neil A. Schrimsher Insider Trading History at Applied Industrial Technologies

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
8/19/2024	Sell	3,703	$202.24	$748,894.72	205,708
8/25/2023	Sell	9,889	$154.16	$1,524,488.24	292,307
8/14/2023	Sell	30,000	$153.67	$4,610,100.00	302,307
5/22/2023	Sell	1,655	$130.01	$215,166.55	316,563
3/6/2023	Sell	21,526	$145.06	$3,122,561.56	318,218
3/1/2023	Sell	4,186	$145.00	$606,970.00	339,744
5/17/2022	Sell	13,488	$108.20	$1,459,401.60	274,213
2/28/2022	Sell	6,921	$101.16	$700,128.36
2/25/2022	Sell	3,079	$101.58	$312,764.82
5/6/2021	Sell	20,664	$101.84	$2,104,421.76	247,028
5/4/2020	Buy	4,200	$47.81	$200,802.00	172,698

Neil A. Schrimsher Buying and Selling Activity at Applied Industrial Technologies

Applied Industrial Technologies Company Overview

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. 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 technical support services; engages in the distribution of fluid power and industrial flow control products; advanced automation solutions, including machine vision, robotics, motion control, and smart technologies. 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.

Today's Range

Now: $265.96

$262.92

$267.30

50 Day Range

MA: $232.93

$197.45

$275.26

2 Week Range

Now: $265.96

$155.47

$276.97

Volume

179,074 shs

Average Volume

285,541 shs

Market Capitalization

$10.23 billion

P/E Ratio

27.14

Dividend Yield

0.55%

Beta

1.03

[625,000% Gain] – Are You Ready for the Next Altcoin Boom?

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Neil Schrimsher Biography and Net Worth

What is Neil A. Schrimsher's net worth?

How old is Neil A. Schrimsher?

What is Neil A. Schrimsher's salary?

How do I contact Neil A. Schrimsher?

Has Neil A. Schrimsher been buying or selling shares of Applied Industrial Technologies?

Who are Applied Industrial Technologies' active insiders?

Are insiders buying or selling shares of Applied Industrial Technologies?