ITT Inc. (NYSE:ITT) went up by 1.07% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Specialty Industrial Machinery giant went up by $57.67 to trade ended Thursday trading at $57.06. This is up from the $57.06 price recorded on Wednesday’s trading session. Thanks to this latest performance, ITT is closer to the higher price 52-week target of $76.00 and further from the lowest price target of $52.00. Its performance from the start of the year has also been negative, with ITT down by -21.97% year-to-date.
ITT Inc. (ITT) started the day trading at $58.37 and recorded an intraday high of $59.35. It also recorded an intraday low of $57.515 during Thursday’s trading session. ITT Inc. is a very active stock that recorded a trading volume that is less than -60.74% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 436938, which is less than -60.74 of the total average daily trading volume of 702.34K.
ITT Inc. (NYSE:ITT) 2020 Performance Impressive
The increase in ITT’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ITT currently stands at $75.56, which is higher than the current trading price of the stock by 23.68%. However, ITT’s current trading price is -62.86% lower than the 52-week low price of $35.41. In terms of trading volume, ITT Inc. currently experienced healthy participation during the last trading session. 436938 shares of ITT Inc. were traded on the stock exchange on Thursday, which is less than -60.74% of the 702.34K average trading volume of the stock.
The performance of the stock has been positive over the past year. ITT’s performance over the past one year has seen it plunge by -12.44%, while the stock has gone down by -23.67% in the last six months. The quarterly performance of ITT currently stands at 29.16%, and it is down by -4.77% in the last month. The only positive figure was from the weekly performance, which currently reads 0.80%. At the time of writing ITT’s report, the company has a total market cap of $4.92B, making it one of the largest publicly-traded companies in the world.ITT Inc. also has over 10500 employees all over the world.
ITT Insider Activities
For ITT Inc., insiders hold 94.00% of all company shares. The insider transactions over the past six months are up by 102.80%. During that period, insiders bought 150,442 shares in 30 transactions. In that same period, insiders sold 61,907 of their shares in 24 transactions. After these transactions, insiders at ITT Inc. now hold 278.75k shares, which is over 94.07% of the total company stocks. Institutional investors currently hold a large chunk of the ITT shares, as they control 0.32% of the company’s total stock.
ITT Fundamental Analysis
For ITT Inc., the stock’s diluted earnings per share (EPS) stands at 3.79. In the coming year, analysts expect the EPS to be 3.23. The EPS growth will slow down over the next five years to -4.70% after surging by 12.40% in the previous five years. In terms of revenue, ITT Inc.’s quarterly sales (YOY) is growing at 0.37, which is lower than the average annual revenue of 12.40% over the past half a decade.
The Return on Investment (ROI) on ITT Inc.’s stock currently stands at 14.80%, and it has a net profit margin of 12.00%. The operating margin of the company is 15.30%, and its gross margin is 32.00%.
ITT Analysts Prediction
In April 14, 2020, several analysts reiterated their positions on the ITT Inc. stock and predicted its performance to their investors. The analysts at Stifel believe ITT is still a Hold and set the price target between $84 and $52. The UBS has a Buy rating for ITT Inc., predicting the stock price to stay between $72 and $76. and UBS reiterate their Neutral position on the stock ($48 and $60).
Gordon Haskett and Stifel also believe that ITT Inc.’s stock is outperforming at the moment. ITT received a positive rating from Stifel, which set a price target of $59-$68 for the stock.
At the moment, ITT Inc.’s Total Debt to Equity ratio stands at 0.20, and they have a long-term Debt to Equity ratio of 0.01.
ITT Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ITT currently stands at -0.40%, while the SMA50 is 5.63%. The biggest one is the SMA200, which is currently reading -4.69% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 53.96, while its price to earnings ratio (P/E) is 15.21.