Analysis of ITT Inc. (ITT)’s performance, earnings and valuation

Currently, ITT Inc. [ITT] is trading at $77.04, up 2.45%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ITT shares have gain 4.29% over the last week, with a monthly amount glided 15.04%, and seem to be holding up well over a long-time horizon.

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On 4, August 2022, ITT Reports 2022 Second Quarter Earnings Per Share (EPS) of $0.91, Adjusted EPS of $0.98. In a post published today on Yahoo Finance, Revenue growth of 6% (10% organic) driven by strong demand in Connect & Control Technologies (CCT) and Industrial Process (IP), and pricing actions across all businesses.

From an analyst’s perspective:

ITT Inc. [NYSE: ITT] stock has seen the most recent analyst activity on July 11, 2022, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $74 from $113. Previously, UBS upgraded its rating to Buy on April 08, 2022, and dropped its price target to $95. On March 28, 2022, downgrade downgraded it’s rating to Perform. BofA Securities upgraded its rating to a Buy and increased its price target to $130 on December 08, 2021. Citigroup initiated its recommendation with a Buy and recommended $113 as its price target on June 15, 2021. Gordon Haskett downgraded its rating to Hold for this stock on May 13, 2021, but kept the price target unchanged to $101. In a note dated May 11, 2021, UBS downgraded an Neutral rating on this stock and boosted its target price from $92 to $107.

This stock has fluctuated between a low of $63.77 and a high of $105.54 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $88.80 within the next 12 months. ITT Inc. [NYSE: ITT] shares were valued at $77.04 at the most recent close of the market. An investor can expect a potential return of 15.26% based on the average price forecast.

Analyzing the ITT fundamentals

Recent quarter sales for ITT Inc. [NYSE:ITT] were 726.2 billion which represents 4.00% growth. Gross Margin for this corporation currently stands at +32.53% with Operating Margin at +15.48%, Pretax Margin comes in at +18.41%, and Net Margin reading is +11.39%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 76.25 points at the first support level, and at 75.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.19, and for the 2nd resistance point, it is at 79.33.

ITT Inc. [ITT] reported earnings per share of $0.97 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.97/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $1.06 per share as compared to estimates of $1.05 per share, a difference of $0.01 representing a surprise of 1.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for ITT Inc. [NYSE:ITT] is 1.50. Further, the Quick Ratio stands at 1.39, while the Cash Ratio is 0.70. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 3.93 and the P/E (TTM) ratio is 22.03.

Transactions by insiders

Insider trading, which has resulted in 9 insider purchases of 22,884 shares and 3 insider sales of 713 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Savi Luca, President and CEO, that happened on Feb 17 when 10290.0 shares were sold. SVP, General Counsel, Gustafsson Mary Elizabeth completed a deal on Nov 11 to sell 2500.0 shares. Meanwhile, Director ASHFORD ORLANDO D sold 2062.0 shares on Sep 14.