ITTITT
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
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]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
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 |
Financial journalist opinion
Based on 3 articles about ITT published over the past 30 days