ITT Inc (NYSE: ITT) has reported E.P.S. of $1.98 for its third fiscal quarter (ending September 30) versus $1.35 for the same period a year ago — an increase of 47%. For the latest four quarters through September 30, E.P.S. were $5.91 versus $5.26 for the same period a year ago — an increase of 12%.
Recent Price Action
ITT Inc (NYSE: ITT) stock increased 1.1% on 10/29/24. The shares closed at $146.06. Moreover, exceptionally high trading volume at 300% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -1.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ITT is expected to continue to be a major Value Builder.
ITT has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ITT has a poor Appreciation Score of 23 but a good Power Rating of 78, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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