Last Updated: 19 Sep 2024
Executive Summary
ITT Inc. (NYSE: ITT) is a leading manufacturer of critical engineered components and custom technology solutions for the energy, transportation, and industrial markets. The company has a strong financial position, with a market capitalization of $11.37 billion, EBITDA of $692.2 million, and EPS of $5.25. ITT's stock price is currently trading at $138.69, near its 52-week high of $149.29. Analysts have a positive outlook on the company, with a consensus target price of $155.44 and a majority of analysts recommending a "Buy" rating.
Company Overview
ITT Inc. is headquartered in White Plains, New York, and has operations in over 30 countries. The company's products include pumps, valves, connectors, and other engineered components used in a wide range of applications, including oil and gas production, power generation, and transportation. ITT also provides custom technology solutions, such as automation and control systems, for its customers.
Fundamental Analysis
ITT Inc. has a strong financial position, with a healthy balance sheet and strong cash flow. The company's revenue and earnings have grown steadily in recent years, and analysts expect this trend to continue in the future. ITT's profit margin is 12.5%, and its return on assets is 8.6%. The company's debt-to-equity ratio is 0.54, which is considered to be a manageable level.
Technical Analysis
ITT's stock price has been trending higher in recent months, and it is currently trading near its 52-week high. The stock's technical indicators are bullish, with the MACD and RSI both above their neutral levels. The stock's 50-day moving average is $135.13, and its 200-day moving average is $128.21.
Short Term Outlook
In the short term, ITT's stock price is expected to continue to trend higher. The company's strong financial performance and positive analyst outlook are likely to support the stock's upward momentum. However, the stock's high valuation could limit its upside potential in the near term.
Long Term Outlook
In the long term, ITT's stock price is expected to continue to grow. The company's strong market position, diversified product portfolio, and global reach are expected to drive long-term growth. ITT's commitment to innovation and its focus on sustainability are also expected to contribute to the company's long-term success.
Analyst Recommendations
Analysts have a positive outlook on ITT Inc., with a consensus target price of $155.44. The majority of analysts recommend a "Buy" rating for the stock, with four analysts recommending a "Strong Buy" rating, seven analysts recommending a "Buy" rating, and one analyst recommending a "Hold" rating. No analysts recommend a "Sell" or "Strong Sell" rating for the stock.
