Itt Inc Stock Today
| ITT Stock | USD 130.48 0.94 0.73% |
Performance7 of 100
| Odds Of DistressLess than 5
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ITT is selling for under 130.48 as of the 25th of April 2024; that is 0.73 percent increase since the beginning of the trading day. The stock's last reported lowest price was 128.82. ITT has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat ok performance during the last 90 days. Equity ratings for ITT Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 18th of December 1995 | Category Industrials |
ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. ITT Inc. was incorporated in 1920 and is headquartered in White Plains, New York. ITT operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. The company has 82.26 M outstanding shares of which 1.09 M shares are currently shorted by investors with about 3.04 days to cover. More on ITT Inc
Moving together with ITT Stock
| 0.62 | B | Barnes Group Earnings Call Tomorrow | PairCorr |
| 0.84 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.8 | HI | Hillenbrand Earnings Call This Week | PairCorr |
| 0.85 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
| 0.82 | PH | Parker Hannifin Earnings Call This Week | PairCorr |
Moving against ITT Stock
| 0.61 | ATS | ATS Corporation | PairCorr |
| 0.48 | RR | Richtech Robotics Class | PairCorr |
ITT Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ITT's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ITT or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Denise Ramos | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Machinery (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Predictiv AI Inc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NYSE Composite, SP Midcap 400, Machinery, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering ITT report their recommendations after researching ITT's financial statements, talking to executives and customers, or listening in on ITT's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering ITT Inc. The ITT consensus assessment is calculated by taking the average forecast from all of the analysts covering ITT. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to ITT's liquidity, profitability, solvency, and operating efficiency, ITT Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of ITT Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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ITT's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ITT's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ITT's financial leverage. It provides some insight into what part of ITT's total assets is financed by creditors.
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ITT Inc (ITT) is traded on New York Stock Exchange in USA. It is located in 100 Washington Boulevard, Stamford, CT, United States, 06902 and employs 10,600 people. ITT is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 10.73 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ITT's market, we take the total number of its shares issued and multiply it by ITT's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ITT Inc runs under Machinery sector within Industrials industry. The entity has 82.26 M outstanding shares of which 1.09 M shares are currently shorted by investors with about 3.04 days to cover.
ITT Inc has about 561.2 M in cash with 537.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.36.
Check ITT Probability Of Bankruptcy
Ownership AllocationITT Inc has a total of 82.26 Million outstanding shares. The majority of ITT Inc outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in ITT to benefit from reduced commissions. Accordingly, third-party entities are subject to a different set of regulations than regular investors in ITT Inc. Please pay attention to any change in the institutional holdings of ITT Inc as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check ITT Ownership Details
ITT Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of ITT jumping above the current price in 90 days from now is about 20.8%. The ITT Inc probability density function shows the probability of ITT stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.4484. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ITT will likely underperform. Additionally, iTT Inc has an alpha of 2.0E-4, implying that it can generate a 2.08E-4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of ITT to move above the current price in 90 days from now is about 20.8 (This ITT Inc probability density function shows the probability of ITT Stock to fall within a particular range of prices over 90 days) .
ITT Stock Institutional Holders
Institutional Holdings refers to the ownership stake in ITT that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ITT's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ITT's value.| Instituion | Recorded On | Shares | |
| Ameriprise Financial Inc | 2023-12-31 | 1.2 M | |
| Hhg Plc | 2023-12-31 | 1.1 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 1.1 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 1.1 M | |
| Boston Partners Global Investors, Inc | 2023-12-31 | 1.1 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 969.5 K | |
| Amvescap Plc. | 2023-12-31 | 926.4 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 866.9 K | |
| Norges Bank | 2023-12-31 | 860.8 K | |
| Capital Research & Mgmt Co - Division 3 | 2023-12-31 | 9.4 M | |
| Vanguard Group Inc | 2023-12-31 | 8.5 M |
ITT Historical Income Statement
ITT Inc Income Statement is one of the three primary financial statements used for reporting ITT's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ITT Inc revenue and expense. ITT Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ITT's Research Development is comparatively stable compared to the past year. Selling And Marketing Expenses is likely to gain to about 176.5 M in 2024, whereas EBIT is likely to drop slightly above 467 M in 2024. View More FundamentalsITT Stock Against Markets
Picking the right benchmark for ITT stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ITT stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ITT is critical whether you are bullish or bearish towards ITT Inc at a given time. Please also check how ITT's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ITT without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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ITT Corporate Directors
ITT corporate directors refer to members of an ITT board of directors. The board of directors generally takes responsibility for the ITT's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ITT's board members must vote for the resolution. The ITT board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Orlando Ashford | Independent Director | Profile | |
| Christina Gold | Independent Director | Profile | |
| Donald DeFosset | Independent Director | Profile | |
| Timothy Powers | Independent Director | Profile |
How to buy ITT Stock?
Before investing in ITT, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ITT. To buy ITT stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ITT. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ITT stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ITT Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ITT Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ITT Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ITT Stock please use our How to Invest in ITT guide.
Already Invested in ITT Inc?
The danger of trading ITT Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ITT is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ITT. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ITT Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ITT Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ITT Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Itt Inc Stock. Highlighted below are key reports to facilitate an investment decision about Itt Inc Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITT Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for ITT Stock analysis
When running ITT's price analysis, check to measure ITT'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 ITT is operating at the current time. Most of ITT's value examination focuses on studying past and present price action to predict the probability of ITT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITT's price. Additionally, you may evaluate how the addition of ITT to your portfolios can decrease your overall portfolio volatility.
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Is ITT'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 ITT. If investors know ITT 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 ITT 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 (0.20) | Dividend Share 1.16 | Earnings Share 4.97 | Revenue Per Share 39.891 | Quarterly Revenue Growth 0.07 |
The market value of ITT Inc is measured differently than its book value, which is the value of ITT that is recorded on the company's balance sheet. Investors also form their own opinion of ITT's value that differs from its market value or its book value, called intrinsic value, which is ITT'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 ITT's market value can be influenced by many factors that don't directly affect ITT'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 ITT's value and its price as these two are different measures arrived at by different means. Investors typically determine if ITT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ITT'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.