ITT
ITT

$129.05

1.36%

Market Cap: $10.6B

About: ITT Inc is a diversified manufacturer of engineered critical components and customized technology solutions predominantly for the transportation, industrial and energy markets. The company's products include, brake pads, shock absorbers, pumps, valves, connectors, switches and others. Its operating segments are; Motion Technologies (MT), Industrial Process (IP), and Connect & Control Technologies (CCT). The majority of the revenue is generated from the Motion Technologies segment which is a manufacturer of brake pads, shims, shock absorbers, energy absorption components and sealing technologies. Geographically, the company generates majority of the revenue from North America, and also has its presence in South America, Europe, Asia, Middle East and Africa.

Employees: 10,600

Industrials Pumps & Pumping Equipment

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

136% more call options, than puts

Call options by funds: $49.7M | Put options by funds: $21.1M

39% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 57

32% more repeat investments, than reductions

Existing positions increased: 187 | Existing positions reduced: 142

6.09% more ownership

Funds ownership: 83.37% [Q1] → 89.46% (+6.09%) [Q2]

5% more funds holding

Funds holding: 473 [Q1] → 495 (+22) [Q2]

7% less capital invested

Capital invested by funds: $10.2B [Q1] → $9.51B (-$696M) [Q2]

40% less funds holding in top 10

Funds holding in top 10: 5 [Q1] → 3 (-2) [Q2]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$150

16%

upside

Avg. target

$154

19%

upside

High target

$157

22%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

Keybanc Jeffrey Hammond 70% 1-year accuracy 21 / 30 met price target	20%upside $155	Overweight Maintained	2 Aug 2024
Stifel Nathan Jones 72% 1-year accuracy 46 / 64 met price target	22%upside $157	Buy Maintained	18 Jul 2024
TD Cowen Joseph Giordano 37% 1-year accuracy 7 / 19 met price target	16%upside $150	Buy Maintained	15 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about ITT published over the past 30 days

ITT Announces Participation at D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference on Sept.

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. today announced its participation at the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference on Sept. 19.

ITT Announces Participation at D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference on Sept.

Zacks Investment Research

ITT Stock Exhibits Strong Prospects Despite Increasing Costs

ITT is set to benefit from the solid momentum across its segments. However, increasing costs and expenses are concerning.

ITT Stock Exhibits Strong Prospects Despite Increasing Costs

Zacks Investment Research

SSUMY vs. ITT: Which Stock Is the Better Value Option?

Investors with an interest in Diversified Operations stocks have likely encountered both Sumitomo Corp. (SSUMY) and ITT (ITT). But which of these two stocks offers value investors a better bang for their buck right now?

SSUMY vs. ITT: Which Stock Is the Better Value Option?

ITT: Good Growth And Potential Valuation, Multiple Re-Rating Should Drive Upside

ITT Inc. has strong revenue and margin growth prospects due to market share gains, decarbonization trends, and demand in aerospace. Q2 2024 results showed revenue growth across segments, with Motion Technologies leading in share gains and Industrial Process benefiting from decarbonization projects. Margin should benefit from operating leverage, cost-reduction initiatives, and productivity savings.

ITT: Good Growth And Potential Valuation, Multiple Re-Rating Should Drive Upside

Zacks Investment Research

ITT Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

ITT's Q2 revenues increase 8.6% year over year, driven by higher friction original equipment volumes in the Motion Technologies unit and volume growth in aerospace and defense components.

ITT Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

ITT Inc. (ITT) Q2 2024 Earnings Call Transcript

ITT Inc. (NYSE:ITT ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Mark Macaluso - Vice President, Investor Relations and Global Communications Luca Savi - Chief Executive Officer and President Emmanuel Caprais - Chief Financial Officer Conference Call Participants Damian Karas - UBS Scott Davis - Melius Research Joseph Giordano - TD Cowen Michael Halloran - Baird Nathan Jones - Stifel Vlad Bystricky - Citigroup Jeff Hammond - KeyBanc Capital Markets Joseph Ritchie - Goldman Sachs Sabrina Abrams - Bank of America Operator Welcome to ITT's 2024 Second Quarter Conference Call. Today is Thursday, August 1, 2024.

ITT Inc. (ITT) Q2 2024 Earnings Call Transcript

Zacks Investment Research

ITT (ITT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for ITT (ITT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

ITT (ITT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Behrman Capital to Sell Portfolio Company kSARIA to ITT for $475 Million

NEW YORK , Aug. 1, 2024 /PRNewswire/ -- Behrman Capital, a private equity investment firm based in New York, today announced that it has entered into a definitive agreement to sell its portfolio company kSARIA Holdings ("kSARIA" or "the company"), a leading producer and supplier of mission-critical connectivity solutions for the aerospace and defense end markets, to ITT Inc. ("ITT", NYSE: ITT) in a transaction valued at approximately $475 million. Founded in 2000, kSARIA brings extensive process technology and engineering expertise to the high-reliability connectivity industry, offering interconnect products and services with superior performance, quality and value to the Mil/Aero end market.

Behrman Capital to Sell Portfolio Company kSARIA to ITT for $475 Million

Zacks Investment Research

ITT (ITT) Tops Q2 Earnings Estimates

ITT (ITT) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.33 per share a year ago.

ITT (ITT) Tops Q2 Earnings Estimates

ITT Reports 2024 Second Quarter Earnings Per Share (EPS) of $1.45, Adjusted EPS of $1.49; Announces Portfolio Reshaping With Acquisition of Interconnect Solutions Provider kSARIA and Divestiture of Automotive Components Supplier Wolverine

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. today reported financial results for the second quarter ended June 29, 2024 and announced a reshaping of its portfolio.

ITT Reports 2024 Second Quarter Earnings Per Share (EPS) of $1.45, Adjusted EPS of $1.49; Announces Portfolio Reshaping With Acquisition of Interconnect Solutions Provider kSARIA and Divestiture of Automotive Components Supplier Wolverine

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