On Tuesday, ITT Inc (NYSE: ITT) opened higher 1.05% from the last session, before settling in for the closing price of $144.54. Price fluctuations for ITT have ranged from $91.94 to $153.99 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 4.05% annually for the last half of the decade. Company’s average yearly earnings per share was noted 12.27% at the time writing. With a float of $81.21 million, this company’s outstanding shares have now reached $82.10 million.
In an organization with 10600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 34.47%, operating margin of 17.53%, and the pretax margin is 17.43%.
ITT Inc (ITT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of ITT Inc is 0.61%, while institutional ownership is 91.05%. The most recent insider transaction that took place on Dec 08 ’23, was worth 283,606. In this transaction SVP & President, CCT of this company sold 2,500 shares at a rate of $113.44, taking the stock ownership to the 14,047 shares. Before that another transaction happened on Nov 06 ’23, when Company’s Director sold 9,996 for $101.25, making the entire transaction worth $1,012,151. This insider now owns 20,694 shares in total.
ITT Inc (ITT) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.37 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.27) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.91% during the next five years compared to 5.70% growth over the previous five years of trading.
ITT Inc (NYSE: ITT) Trading Performance Indicators
Check out the current performance indicators for ITT Inc (ITT). In the past quarter, the stock posted a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.44. Likewise, its price to free cash flow for the trailing twelve months is 26.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.24, a number that is poised to hit 1.50 in the next quarter and is forecasted to reach 6.55 in one year’s time.
Technical Analysis of ITT Inc (ITT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.54 million. That was better than the volume of 0.38 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 28.53%. Additionally, its Average True Range was 3.01.
During the past 100 days, ITT Inc’s (ITT) raw stochastic average was set at 75.96%, which indicates a significant increase from 35.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.25% in the past 14 days, which was lower than the 28.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $142.49, while its 200-day Moving Average is $133.08. However, in the short run, ITT Inc’s stock first resistance to watch stands at $149.07. Second resistance stands at $152.08. The third major resistance level sits at $155.24. If the price goes on to break the first support level at $142.90, it is likely to go to the next support level at $139.75. The third support level lies at $136.74 if the price breaches the second support level.
ITT Inc (NYSE: ITT) Key Stats
There are currently 81,700K shares outstanding in the company with a market cap of 11.93 billion. Presently, the company’s annual sales total 3,283 M according to its annual income of 410,500 K. Last quarter, the company’s sales amounted to 905,900 K and its income totaled 119,200 K.
