ITT Stock Summary and Trading Ideas (Itt Common | NYSE:ITT)

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 Common trades on the NYSE stock market under the symbol ITT.

As of April 18, 2024, ITT stock price climbed to $125.15 with 306,846 million shares trading.

ITT has a beta of 1.42, meaning it tends to be more sensitive to market movements. ITT has a correlation of 0.60 to the broad based SPY ETF.

ITT has a market cap of $10.27 billion. This is considered a Large Cap stock.

Last quarter Itt Common reported $829 million in Revenue and $1.34 earnings per share. This beat revenue expectation by $15 million and met earnings estimates .

In the last 3 years, ITT stock traded as high as $138.30 and as low as $63.77.

The top ETF exchange traded funds that ITT belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

ITT has outperformed the market in the last year with a return of +50.2%, while the SPY ETF gained +22.3%. In the last 3 month period, ITT beat the market returning +6.8%, while SPY returned +6.1%. However, in the most recent 2 weeks ITT has underperformed the stock market by returning -5.3%, while SPY returned -3.8%.

ITT support price is $123.03 and resistance is $127.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ITT stock will trade within this expected range on the day.