ITT Inc. with ticker code (ITT) have now 10 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 106 and 81 calculating the average target price we see $98.50. Given that the stocks previous close was at $83.79 this indicates there is a potential upside of 17.6%. The day 50 moving average is $85.13 and the 200 day MA is $80.47. The company has a market capitalization of $6,938m. You can visit the company’s website by visiting: https://www.itt.com
The potential market cap would be $8,156m based on the market consensus.
ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization and remote monitoring systems and services; and aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, mining, and other industrial process markets. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized control components for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and energy. This segment provides connector products, including electrical connectors, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies; and control products consists of highly engineered actuation, flow control, energy absorption, environmental control, and composite component solutions for the aerospace, defense, and industrial markets. ITT Inc. was incorporated in 1920 and is headquartered in Stamford, Connecticut.
The company has a dividend yield of 1.38% with the ex dividend date set at 8-3-2023 (DMY).
Other points of data to note are a P/E ratio of 19.04, revenue per share of 35.82 and a 7.76% return on assets.
