ITT Inc (NYSE: ITT) is 2.46% higher on its value in year-to-date trading and has touched a low of $118.58 and a high of $161.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ITT stock was last observed hovering at around $149.52 in the last trading session, with the day’s loss setting it -3.13%.
Currently trading at $146.39, the stock is -1.03% and -1.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -2.09% at the moment leaves the stock 4.00% off its SMA200. ITT registered 16.93% gain for a year compared to 6-month gain of 13.52%. The firm has a 50-day simple moving average (SMA 50) of $149.2528 and a 200-day simple moving average (SMA200) of $140.6562.
The stock witnessed a 2.13% loss in the last 1 month and extending the period to 3 months gives it a 3.63%, and is -3.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.57% over the week and 2.18% over the month.
ITT Inc (ITT) has around 10600 employees, a market worth around $11.93B and $3.53B in sales. Current P/E ratio is 24.99 and Fwd P/E is 20.56. Profit margin for the company is 13.67%. Distance from 52-week low is 23.45% and -9.15% from its 52-week high. The company has generated returns on investments over the last 12 months (14.66%).
The EPS is expected to grow by 10.79% this year
680.0 institutions hold shares in ITT Inc (ITT), with institutional investors hold 92.34% of the company’s shares. The shares outstanding are 81.50M, and float is at 80.99M with Short Float at 1.34%. Institutions hold 91.75% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.41 million shares valued at $1.09 billion. The investor’s holdings represent 10.2327 of the ITT Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL INTERNATIONAL INVESTORS with 8.36 million shares valued at $1.08 billion to account for 10.1729 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.4 million shares representing 9.0026 and valued at over $955.95 million, while JPMORGAN CHASE & CO holds 7.6565 of the shares totaling 6.28 million with a market value of $811.03 million.
