ITT Inc (NYSE: ITT) is -3.44% lower on its value in year-to-date trading and has touched a low of $105.64 and a high of $161.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ITT stock was last observed hovering at around $137.02 in the last trading session, with the day’s gains setting it 0.94%.
Currently trading at $137.96, the stock is 8.11% and 3.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 0.69% at the moment leaves the stock -2.72% off its SMA200. ITT registered 4.06% gain for a year compared to 6-month loss of -4.55%. The firm has a 50-day simple moving average (SMA 50) of $133.0668 and a 200-day simple moving average (SMA200) of $141.8216.
The stock witnessed a 5.19% gain in the last 1 month and extending the period to 3 months gives it a -9.17%, and is 0.31% up 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 2.83% over the week and 4.66% over the month.
ITT Inc (ITT) has around 11700 employees, a market worth around $11.17B and $3.63B in sales. Current P/E ratio is 21.90 and Fwd P/E is 19.58. Profit margin for the company is 14.28%. Distance from 52-week low is 30.59% and -14.38% from its 52-week high. The company has generated returns on investments over the last 12 months (16.89%).
with sales reaching $945.83M over the same period.The EPS is expected to grow by 7.73% this year, but quarterly earnings will post 3.68% year-over-year. Quarterly sales are estimated to grow 4.41% in year-over-year returns.
718.0 institutions hold shares in ITT Inc (ITT), with institutional investors hold 95.15% of the company’s shares. The shares outstanding are 81.50M, and float is at 80.36M with Short Float at 1.44%. Institutions hold 94.55% 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 10.2577 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 10.1977 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.4 million shares representing 9.0245 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.
