ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses, and rail. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization and remote monitoring systems and services; and centrifugal process pumps, twin screws, axials, and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services. It serves various customers in industries, such as chemical, oil and gas, mining, and other industrial process markets. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized control components for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and oil and gas. This segment's connector product portfolio includes electrical connectors, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies; and control products consist of fuel and water pumps, valves, electro-mechanical rotary and linear actuators, and pressure, temperature, limit, and flow switches for various aircraft systems. ITT Inc. was incorporated in 1920 and is headquartered in White Plains, New York.
IPO Year: 2011
Exchange: NYSE
Website: itt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/11/2024 | Peer Perform | Wolfe Research | |
| 11/16/2023 | $105.00 → $125.00 | Neutral → Buy | BofA Securities |
| 7/11/2022 | $113.00 → $74.00 | Buy → Neutral | BofA Securities |
| 4/8/2022 | $107.00 → $95.00 | Neutral → Buy | UBS |
| 3/28/2022 | Outperform → Perform | Oppenheimer | |
| 12/8/2021 | $112.00 → $130.00 | Neutral → Buy | BofA Securities |
| 8/9/2021 | $107.00 → $110.00 | Outperform | Oppenheimer |
| 8/6/2021 | $105.00 → $113.00 | Overweight | Keybanc |
May 5, 2025-- ITT Inc. (NYSE: ITT) today announced its participation at the 18th Annual Wolfe Research Global Transportation & Industrials Conference on May 22 in New York. Chief Executive Officer and President Luca Savi will present from 8-8:30 a.m. ET. A live audio webcast of the presentation can be accessed at http://investors.itt.com. Replays of the presentation will be available for 30 days. About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the k
7% orders growth (2% organic), driven by pump project and connectors awards, including strong contributions from acquisitions, surpassing $1.0 billion in orders for the quarter Revenue of over $900 million, driven by defense connectors and rail, offset by lower aerospace demand 16.5% operating margin (17.4% adjusted), driven by productivity and pricing actions, offsetting unfavorable foreign currency impact Net cash from operating activities of $113 million; free cash flow of $77 million May 1, 2025-- ITT Inc. (NYSE:ITT) today reported financial results for the first quarter ended March 29, 2025, consistent with the preliminary results announced on April 10. The company reported
April 10, 2025-- ITT Inc. (NYSE: ITT) today announced its preliminary unaudited financial results for the first quarter ended March 29, 2025. The Company anticipates the following: Orders of $1.0 billion, reflecting growth of 7% or 2% on an organic basis, driven by pump project and connectors awards Revenue of more than $900 million; flat on a GAAP and organic basis, driven by strength in pumps aftermarket, connectors and rail, offset by lower aerospace demand Operating margin of 16.5% and adjusted operating margin of 17.4%, impacted by unfavorable foreign currency Earnings per share (EPS) of $1.29 to $1.35 and adjusted EPS of $1.43 to $1.45 Net cash from operating activities of $
April 8, 2025-- ITT Inc. (NYSE: ITT) today announced the nomination of Douglas DelGrosso for election to its Board of Directors at the company's upcoming 2025 annual meeting of shareholders. Mr. DelGrosso served as president and chief executive officer of Adient plc (NYSE:ADNT), a global engineering and manufacturing company with operations in 29 countries, from October 2018 until his retirement in December 2023. "Over the last several years, the ITT Board has deliberately pursued a refreshment strategy to add seasoned operations executives to our Board with advanced expertise and skills. We are honored at the prospect of having Doug join ITT's Board of Directors and his election will mark
March 18, 2025-- ITT Inc. (NYSE: ITT) today announced the launch of VIDAR, a first of its kind compact smart motor with embedded variable speed intelligence that lowers energy usage and CO2 emissions, reduces costs and increases equipment lifespan for industrial pumps and fans deployed in harsh environments. VIDAR, previously marketed publicly as the Embedded Motor Drive (EMD), represents ITT's entry point into a $6 billion total addressable market for industrial motors. Each year, roughly $300 billion is spent globally to move fluids for critical applications including food and beverage processing, energy production, water purification and chemical and pharmaceutical manufacturing, among
February 28, 2025-- ITT Inc. (NYSE: ITT) today announced its participation at the Bank of America Global Industrials Conference 2025 in London on March 18. Chief Executive Officer and President Luca Savi and Chief Financial Officer Emmanuel Caprais will present from 8:50 – 9:30 a.m. local time (4:50 – 5:30 a.m. ET). A live audio webcast of the presentation can be accessed at http://investors.itt.com, where related materials will be posted prior to the presentation. Replays of the presentation will be available for 30 days. About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industria
GREENWICH, Conn., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's
February 21, 2025--ITT Inc. (NYSE: ITT) today announced it will host its 2025 Capital Markets Day beginning at 1 p.m. ET on May 15 in New York City. ITT's Chief Executive Officer and President Luca Savi, Chief Financial Officer Emmanuel Caprais and other senior leaders from throughout the organization will present on ITT's differentiation through innovation, execution and M&A, while outlining its long-term strategy and financial outlook. A real-time video webcast of the presentation can be accessed at http://investors.itt.com, where related materials will be posted prior to the presentation. A replay of the event will be available after the event concludes. Questions about the event shoul
Full Year Highlights: 11% revenue growth (7% organic) driven by higher volume and pricing actions, and contributions from the Svanehøj and kSARIA acquisitions 18.6% operating margin, up 250 basis points; 17.7% adjusted operating margin, up 80 basis points; surpassing long-term margin target Deployed $1.2 billion of capital, over two times full year free cash flow, shifting portfolio to high growth, high margin flow and connector segments Initiates 2025 EPS guidance of $6.05 to $6.45; adjusted EPS of $6.10 to $6.50 February 6, 2025-- ITT Inc. (NYSE:ITT) today reported financial results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the
GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's sig
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7% orders growth (2% organic), driven by pump project and connectors awards, including strong contributions from acquisitions, surpassing $1.0 billion in orders for the quarter Revenue of over $900 million, driven by defense connectors and rail, offset by lower aerospace demand 16.5% operating margin (17.4% adjusted), driven by productivity and pricing actions, offsetting unfavorable foreign currency impact Net cash from operating activities of $113 million; free cash flow of $77 million May 1, 2025-- ITT Inc. (NYSE:ITT) today reported financial results for the first quarter ended March 29, 2025, consistent with the preliminary results announced on April 10. The company reported
April 10, 2025-- ITT Inc. (NYSE: ITT) today announced its preliminary unaudited financial results for the first quarter ended March 29, 2025. The Company anticipates the following: Orders of $1.0 billion, reflecting growth of 7% or 2% on an organic basis, driven by pump project and connectors awards Revenue of more than $900 million; flat on a GAAP and organic basis, driven by strength in pumps aftermarket, connectors and rail, offset by lower aerospace demand Operating margin of 16.5% and adjusted operating margin of 17.4%, impacted by unfavorable foreign currency Earnings per share (EPS) of $1.29 to $1.35 and adjusted EPS of $1.43 to $1.45 Net cash from operating activities of $
Full Year Highlights: 11% revenue growth (7% organic) driven by higher volume and pricing actions, and contributions from the Svanehøj and kSARIA acquisitions 18.6% operating margin, up 250 basis points; 17.7% adjusted operating margin, up 80 basis points; surpassing long-term margin target Deployed $1.2 billion of capital, over two times full year free cash flow, shifting portfolio to high growth, high margin flow and connector segments Initiates 2025 EPS guidance of $6.05 to $6.45; adjusted EPS of $6.10 to $6.50 February 6, 2025-- ITT Inc. (NYSE:ITT) today reported financial results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the
Jan. 23, 2025-- ITT Inc. (NYSE: ITT) today updated its investor conference call time on Thursday, Feb. 6, 2025 to 9:30 a.m. Eastern Time (previously scheduled for 8:30 a.m.). ITT is making this change to better accommodate investors and analysts that may be impacted by conflicting call times from peer companies. During the call, ITT will discuss its 2024 fourth quarter and full year financial results and 2025 outlook. To participate on the conference call, click here to register. After completing the online registration form, participants will receive the dial-in number and a unique PIN. Participants should join the call ten minutes before 9:30 a.m. Eastern Time on Thursday, Feb. 6. All d
January 13, 2025-- ITT Inc. (NYSE: ITT) will release its fourth quarter and full year 2024 financial results and its 2025 outlook before the opening of the New York Stock Exchange on Thursday, Feb. 6, 2025. The company will hold a conference call on Feb. 6 at 8:30 a.m. Eastern Time to discuss its 2024 results and 2025 outlook. To participate on the conference call, click here to register. After completing the online registration form, participants will receive the dial-in number and a unique PIN. Participants should join the call ten minutes before 8:30 a.m. Eastern Time on Thursday, Feb. 6. A real-time audio webcast of the presentation will also be available at https://investors.itt.co
17% orders growth (14% organic) driven by pump project awards, rail share gains and connectors demand 8% revenue growth (6% organic) driven by strength across all segments 610 basis points operating margin expansion to 23.5%, including $48 million preliminary gain on divestiture of Wolverine Advanced Materials (Wolverine); 60 basis points adjusted operating margin expansion to 18.3% 46% EPS growth primarily driven by the gain on the Wolverine divestiture; 7% adjusted EPS growth driven by pricing actions, volume and productivity Raising midpoint of full year EPS guidance given continued outperformance Oct. 29, 2024-- ITT Inc. (NYSE:ITT) today reported financial results for the
October 4, 2024-- ITT Inc. (NYSE:ITT) will release its third quarter 2024 financial results before the opening of the New York Stock Exchange on Tuesday, Oct. 29. The company will hold a conference call at 8:30 a.m. ET on Oct. 29 to discuss its third quarter performance. To participate on the conference call, click here to register. After completing the online registration form, participants will receive the dial-in number and a unique PIN. Participants should join the call ten minutes before 8:30 a.m. ET on Tuesday, Oct. 29. A real-time audio webcast of the presentation will also be available at https://investors.itt.com, where related materials will be available prior to the presentation
9% revenue growth (6% organic) driven by higher sales volumes across all segments and the acquisition of Svanehøj 60 basis points operating margin expansion to 17.6%; 100 basis points adjusted operating margin expansion to 18.0% 11% EPS growth (12% adjusted) driven by volume, productivity and value pricing Signed definitive agreement to acquire kSARIA, leading provider of highly engineered, mission critical interconnect solutions for the defense and aerospace markets and divested Wolverine Advanced Materials (Wolverine) business, manufacturer of automotive components, in July Maintaining full year revenue, operating margin, EPS and cash flow guidance despite $0.15 impact from d
July 9, 2024-- ITT Inc. (NYSE:ITT) will release its second quarter 2024 financial results before the opening of the New York Stock Exchange on Thursday, Aug. 1. The company will hold a conference call at 8:30 a.m. ET on Aug. 1 to discuss its second quarter performance. To participate on the conference call, click here to register. After completing the online registration form, participants will receive the dial-in number and a unique PIN. Participants should join the call ten minutes before 8:30 a.m. ET on Thursday, Aug. 1. A real-time audio webcast of the presentation will also be available at https://investors.itt.com, where related materials will be available prior to the presentatio
13% orders growth (7% organic) driven by improved connectors demand, aerospace and defense components ramp, and Friction and rail share gains 14% revenue growth (9% organic), surpassing $900 million in revenue for the quarter, driven by higher volume in all businesses 80 basis points operating margin expansion to 16.4%; 120 basis points adjusted operating margin expansion to 17.0% 12% EPS growth (21% adjusted) driven by higher sales volume and productivity Raising 2024 full year guidance May 2, 2024-- ITT Inc. (NYSE:ITT) today reported financial results for the first quarter ended March 30, 2024. Revenue increased 14% (9% organic), primarily driven by pump projects in In
Wolfe Research initiated coverage of ITT with a rating of Peer Perform
BofA Securities upgraded ITT from Neutral to Buy and set a new price target of $125.00 from $105.00 previously
BofA Securities downgraded ITT from Buy to Neutral and set a new price target of $74.00 from $113.00 previously
UBS upgraded ITT from Neutral to Buy and set a new price target of $95.00 from $107.00 previously
Oppenheimer downgraded ITT from Outperform to Perform
BofA Securities upgraded ITT from Neutral to Buy and set a new price target of $130.00 from $112.00 previously
Oppenheimer reiterated coverage of ITT with a rating of Outperform and set a new price target of $110.00 from $107.00 previously
Keybanc reiterated coverage of ITT with a rating of Overweight and set a new price target of $113.00 from $105.00 previously
Citigroup initiated coverage of ITT with a rating of Buy and set a new price target of $113.00
Gordon Haskett downgraded ITT from Buy to Hold and set a new price target of $101.00
Oct. 1, 2024-- ITT Inc. (NYSE:ITT) today announced the election of Maggie Chu to its Board of Directors. Ms. Chu currently serves as Chief Human Resources Officer of Littelfuse, Inc. (NASDAQ:LFUS), a global manufacturer of circuit protection and power control components serving customers across industrial, transportation and electronics end markets with a market capitalization of more than $6 billion. She has been with Littelfuse since 2021 and currently leads the company's human resources (HR) and corporate communications functions globally. Ms. Chu's appointment to the ITT board is effective immediately. "Maggie is an experienced and seasoned Human Resources executive with a robust track
February 26, 2024-- ITT Inc. (NYSE:ITT) today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi. CCT, one of ITT's three segments, is a leading manufacturer of connectors and control components for critical applications in the aerospace, defense and industrial markets. Guhde will be based at CCT's headquarters in Irvine, CA. Guhde joins ITT from Illinois Tool Works (NYSE:ITW), where he led a large, global business serving the automotive industry through the development and manufacture of highly engineered components. In this role, he oversaw several business improvements that led
Jan. 17, 2024-- ITT Inc. (NYSE:ITT) today announced the election of Sharon Szafranski to its Board of Directors. Ms. Szafranski currently serves as Executive Vice President of the Welding segment at Illinois Tool Works (ITW), a Fortune 200 global multi-industrial manufacturing leader with revenues of more than $15 billion in 2022. Ms. Szafranski began her career at ITW in 1994. "On behalf of the entire Board of Directors of ITT, I would like to welcome Sharon to the ITT Board. She is an accomplished executive with more than thirty years of manufacturing experience and brings extensive multi-industry and global business expertise as a sitting senior leader at ITW," said ITT Chairman of the
October 4, 2023-- ITT Inc. (NYSE:ITT) today announced the election of Nazzic Keene and Kevin Berryman to its Board of Directors. The company also announced that its Board of Directors approved a $1 billion share repurchase authorization with an indefinite term. Repurchases under this authorization will begin upon the expiration of the current $500 million authorization. "We are delighted to appoint to the ITT Board two highly respected, results-driven leaders with long track records of success," said ITT Chairman of the Board, Timothy H. Powers. "These appointments demonstrate our stated commitment to board refreshment and represent an important step in the continued evolution of director
August 1, 2023-- ITT Inc. (NYSE:ITT) today announced the appointment of Fernando Roland as president of its Industrial Process (IP) business, reporting to Chief Executive Officer Luca Savi. Roland succeeds David Steblein, who retired earlier this year after more than 30 years with the company. IP, one of ITT's three segments, is a global leader in centrifugal and twin-screw pumps for chemical, energy, mining and industrial markets. Roland joins ITT after two decades in various senior leadership roles at multinational manufacturing conglomerates, including Continental AG, Hyosung Corporation and DuPont. He most recently served as Senior Vice President of Continental AG's Customer Engineere
The Nation's First Virtual Manufactured Homes Dealership Appoints New CFO, VP-Engineering, and VP-Marketing to Meet Needs of Booming Business SAN ANTONIO, Aug 22, 2022 /PRNewswire-PRWeb/ -- Braustin Homes, the nation's first virtual manufactured home dealership, is growing their leadership team with three new positions that will provide the financial, engineering and marketing expertise needed to expand offerings to help more potential homeowners find and finance affordable housing in Texas. "The largest. generation of first-time home buyers we've ever seen is finding a shortage of homes available for $250,000 and under," says Braustin Homes CEO Alberto Piña. "While traditional housing avail
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--ITT Inc. (NYSE: ITT) today announced the appointment of Mark Macaluso as vice president of investor relations. In this role, Macaluso will lead the development and execution of ITT’s global investor relations strategy and serve as the Company’s primary liaison with its shareholders and the investment community. Macaluso joins ITT from Honeywell, where he spent more than 12 years in various financial leadership positions, most recently serving as vice president of financial planning and analysis for one of Honeywell’s four strategic business groups. Previously, Macaluso served for five years as vice president of investor relations at Honeywell wh
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