Ultime notizie per ITT (NYSE:ITT) Azioni

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.

ITT Inc

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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

News

Offerings

ITT Files For Mixed Shelf; Size Not Disclosed

TD Cowen analyst Joseph Giordano maintains ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) with a Buy and raises the price target from $150 to $165.

Price Target

Analyst Ratings

TD Cowen Maintains Buy on ITT, Raises Price Target to $165

Baird analyst Michael Halloran maintains ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) with a Outperform and lowers the price target from $165 to $163.

Baird Maintains Outperform on ITT, Lowers Price Target to $163

The company is raising its full-year revenue and operating margin guidance above the previous midpoint, while also raising the midpoint of its adjusted EPS outlook despite the incremental interest expense and purchase price amortization from the kSARIA acquisition.&nbsp;
We now expect revenue growth of 10% to 12%, up 5% to 7% on an organic basis; operating margin of 18.4% to 18.7% and adjusted operating margin of 17.4% to 17.7%, up 50 to 80 bps (up 130 to 160 bps excluding acquisition dilution); full year EPS of $6.16 to $6.22 and adjusted EPS of $5.80 to $5.86, up 11% to 12% for the full year.&nbsp;
We now expect free cash flow of ~$450 million, representing ~12% free cash flow margin for the full year.

Earnings

Guidance

ITT 2024 Guidance: Now Expects Adjusted EPS Of $5.80-$5.86 (Prior $5.65 - $5.90) Vs. $5.83 Est., And Revenue Growth Of 10%-12%

ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.44 by 1.39 percent. This is a 6.57 percent increase over earnings of $1.37 per share from the same period last year. The company reported quarterly sales of $885.200 million which beat the analyst consensus estimate of $883.894 million by 0.15 percent. This is a 7.68 percent increase over sales of $822.100 million the same period last year.

Earnings Beats

ITT Q3 2024 Adj. EPS $1.46 Beats $1.44 Estimate, Sales $885.200M Beat $883.894M Estimate

Stifel analyst Nathan Jones maintains ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) with a Buy and raises the price target from $157 to $167.

Stifel Maintains Buy on ITT, Raises Price Target to $167

ITT's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) short percent of float has fallen 27.08% since its last report. The company recently reported that it has 442 thousand shares sold short, which is 0.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ITT Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729004415_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ITT has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing ITT's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ITT's peer group average for short interest as a percentage of float is 2.52%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into ITT's Recent Short Interest

Keybanc analyst Jeffrey Hammond maintains ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) with a Overweight and raises the price target from $155 to $164.

Keybanc Maintains Overweight on ITT, Raises Price Target to $164

Across the recent three months, 4 analysts have shared their insights on ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for ITT, presenting an average target of $157.0, a high estimate of $166.00, and a low estimate of $150.00. Surpassing the previous average price target of $143.75, the current average has increased by 9.22%.
<img src="https://www.benzinga.com/files/images/story/2024/1728576012_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of ITT's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joe Ritchie</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$166.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jeffrey Hammond</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$155.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$157.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Joseph Giordano</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$125.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ITT. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ITT compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of ITT's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of ITT's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ITT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ITT analyst ratings.</a>
<h2>Delving into ITT's Background</h2>
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 &amp; 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.
<h3>ITT: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: ITT displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 8.63%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: ITT's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.16% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 4.63%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): ITT's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.7% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.25, ITT adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About ITT Stock

Goldman Sachs analyst Joe Ritchie maintains ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) with a Buy and raises the price target from $150 to $166.

Goldman Sachs Maintains Buy on ITT, Raises Price Target to $166

IESC

ROAD

STRL

Shares of broader industrial and machinery stocks are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

ITT's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) short percent of float has risen 4.12% since its last report. The company recently reported that it has 639 thousand shares sold short, which is 1.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ITT Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725027321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ITT has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing ITT's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ITT's peer group average for short interest as a percentage of float is 2.53%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into ITT's Recent Short Interest

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PRIM

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RELX

SDST

SGLY

SHIM

SNCY

SPIR

SPPL

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VATE

VSTE

XPON

Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

Shares of machinery companies are trading lower amid overall market weakness following weak US data.

Keybanc analyst Jeffrey Hammond maintains ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) with a Overweight and raises the price target from $150 to $155.

Keybanc Maintains Overweight on ITT, Raises Price Target to $155

ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) has outperformed the market over the past 5 years by 4.68% on an annualized basis producing an average annual return of 17.64%. Currently, ITT has a market capitalization of $11.01 billion. 
Buying $1000 In ITT: If an investor had bought $1000 of ITT stock 5 years ago, it would be worth $2,289.46 today based on a price of $133.82 for ITT at the time of writing.
<h3>ITT's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722612637_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning ITT Stock In The Last 5 Years

kSARIA Is A Leading Producer Of Mission-Critical Connectivity Solutions For Aerospace And Defense Markets

Asset Sales

Behrman Capital To Sell kSARIA Holdings To ITT In $475M Transaction

It continues to expect revenue growth of&nbsp;9%&nbsp;to&nbsp;12%, up&nbsp;4%&nbsp;to&nbsp;7%&nbsp;on an organic basis; operating margin of&nbsp;16.9%&nbsp;to&nbsp;17.5%&nbsp;and adjusted operating margin of&nbsp;17.1%&nbsp;to&nbsp;17.7%, up 20 to 80 bps (up 100 to 160 bps excluding acquisition dilution); full year EPS of&nbsp;$5.51&nbsp;to&nbsp;$5.76&nbsp;and adjusted EPS of&nbsp;$5.65&nbsp;to&nbsp;$5.90, up&nbsp;8%&nbsp;to&nbsp;13%&nbsp;for the full year including the ~($0.15)&nbsp;impact from the divestiture; and free cash flow of&nbsp;$435 million&nbsp;to&nbsp;$475 million, representing&nbsp;12%&nbsp;to&nbsp;13%&nbsp;free cash flow margin for the full year.

ITT Maintains FY24 Revenue, Margin, EPS And Free Cash Flow Guidance Despite Wolverine Divestiture; Adjusted EPS Of $5.65 - $5.90, Est $5.86

kSARIA is a producer and supplier of mission-critical connectivity solutions for the defense and aerospace markets.
Headquartered in New Hampshire, kSARIA has approximately 1,000 employees across six manufacturing sites in North America, and generated approximately&nbsp;$175 million&nbsp;in sales in 2023.
The acquisition is expected to close during the&nbsp;third quarter&nbsp;of 2024, subject to the satisfaction of customary closing conditions.

ITT Agrees To Acquire Privately Held kSARIA Parent, Inc. For Purchase Price Of ~$475M

ITT Corporation ( ($ITT) ) has realeased its Q3 earnings. Here is a breakdown of the information ITT Corporation presented to its investors. ITT Co...

ITT Corporation Reports Strong Q3 Financial Performance

ITT declares $0.319 dividend

In a report released today, Andrew Obin from Bank of America Securities maintained a Buy rating on ITT (ITT – Research Report). The company's share...

Bank of America Securities Keeps Their Buy Rating on ITT (ITT)

TD Cowen analyst Joseph C Giordano maintained a Buy rating on ITT (ITT – Research Report) yesterday and set a price target of $165.00. Joseph C Gio...

ITT's Resilience and Growth Potential: Buy Rating Despite Market Challenges

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on ITT (ITT – Research Report), XPO (XPO – Research Report) an...

Analysts Conflicted on These Industrial Goods Names: ITT (ITT), XPO (XPO) and Saia (SAIA)

17:04 EDT ITT (ITT) files automatic mixed securities shelf Published first on TheFly – the ultimate source for real-time, market-moving breaking fi...

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