ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy 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, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization and remote monitoring systems and services; and centrifugal and twin screw positive displacement pumps, as well as aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, 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 energy. 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, as well as control products consist of actuators, valves, and pumps and switches for flow control applications; rate controls, seat recline locks, and elastomer isolators for aircraft interiors; elastomeric bearings for rotorcraft vibration isolation; heaters, hoses, and composite ducting for environmental control systems; and advanced composites for engine applications. ITT Inc. was incorporated in 1920 and is headquartered in White Plains, New York.
Company profile
Ticker
ITT
Exchange
Website
CEO
Mr. Luca Savi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CITIZENS COMMUNICATIONS CO, CITIZENS UTILITIES CO, FRONTIER COMMUNICATIONS CORP
SEC CIK
Corporate docs
Subsidiaries
AcousticFab, LLC • Axtone Bahntechink GmbH • Axtone GmbH • Axtone S.A. • Axtone s.r.o. • Bolton Insurance Co. • Bolton International • Bombas Goulds de Mexico • Bombas Goulds S.A. • Bornemann Inc. ...
IRS number
135158950
ITT stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
5 Sep 24
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
1 Aug 24
10-Q
2024 Q2
Quarterly report
1 Aug 24
8-K
Results of Operations and Financial Condition
1 Aug 24
8-K
Results of Operations and Financial Condition
1 Aug 24
SD
Conflict minerals disclosure
31 May 24
8-K
Submission of Matters to a Vote of Security Holders
16 May 24
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
2 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Itt Reports 2024 First Quarter Earnings Per Share (Eps) of $1.34, Adjusted Eps of $1.42
2 May 24
Transcripts
ITT
Earnings call transcript
2024 Q2
1 Aug 24
ITT
Earnings call transcript
2024 Q1
2 May 24
ITT
Earnings call transcript
2023 Q3
2 Nov 23
ITT
Earnings call transcript
2023 Q2
3 Aug 23
ITT
Earnings call transcript
2023 Q2
3 Aug 23
ITT
Earnings call transcript
2023 Q1
4 May 23
ITT
Earnings call transcript
2023 Q1
4 May 23
ITT
Earnings call transcript
2022 Q4
9 Feb 23
ITT
Earnings call transcript
2022 Q3
3 Nov 22
ITT
Earnings call transcript
2022 Q2
7 Aug 22
Latest ownership filings
4
Bartlomiej Makowiecki
4 Sep 24
11-K
Annual report of employee stock purchases
20 Jun 24
144
Notice of proposed sale of securities
13 Jun 24
4
DON DEFOSSET
17 May 24
4
TIMOTHY H POWERS
17 May 24
4
Kevin C Berryman
17 May 24
4
CHERYL L SHAVERS
17 May 24
4
Christopher O'Shea
17 May 24
4
NAZZIC S KEENE
17 May 24
4
Sharon Szafranski
17 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 426.40 mm | 426.40 mm | 426.40 mm | 426.40 mm | 426.40 mm | 426.40 mm |
Cash burn (monthly) | (no burn) | 3.05 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 7.07 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 419.33 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 137.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
90.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 493 |
Opened positions | 89 |
Closed positions | 55 |
Increased positions | 181 |
Reduced positions | 136 |
13F shares | Current |
---|---|
Total value | 9.12 tn |
Total shares | 73.59 mm |
Total puts | 178.90 k |
Total calls | 376.50 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 8.41 mm | $1.09 tn |
Capital International Investors | 8.36 mm | $1.08 tn |
BLK BlackRock | 7.40 mm | $955.95 bn |
JPM JPMorgan Chase & Co. | 6.28 mm | $811.03 bn |
FMR | 5.38 mm | $695.44 bn |
Select Equity | 3.34 mm | $431.51 bn |
STT State Street | 2.41 mm | $312.29 bn |
Geode Capital Management | 1.36 mm | $175.84 bn |
Massachusetts Financial Services | 1.33 mm | $171.21 bn |
Alliancebernstein | 1.32 mm | $170.30 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Sep 24 | Bartek Markowiecki | Common Stock | Grant | Acquire A | No | No | 0 | 3,770 | 0.00 | 16,141 |
15 May 24 | Sharon Szafranski | Common Stock | Grant | Acquire A | No | No | 0 | 1,114 | 0.00 | 1,512 |
15 May 24 | Keene Nazzic S | Common Stock | Grant | Acquire A | No | No | 0 | 1,114 | 0.00 | 2,066 |
15 May 24 | Christopher O'Shea | Common Stock | Grant | Acquire A | No | No | 0 | 1,114 | 0.00 | 1,114 |
News
Looking Into ITT's Recent Short Interest
30 Aug 24
Keybanc Maintains Overweight on ITT, Raises Price Target to $155
2 Aug 24
Here's How Much You Would Have Made Owning ITT Stock In The Last 5 Years
2 Aug 24
Behrman Capital To Sell kSARIA Holdings To ITT In $475M Transaction
1 Aug 24
ITT Maintains FY24 Revenue, Margin, EPS And Free Cash Flow Guidance Despite Wolverine Divestiture; Adjusted EPS Of $5.65 - $5.90, Est $5.86
1 Aug 24
Press releases
ITT Announces Participation at D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference on Sept. 19
4 Sep 24
Behrman Capital to Sell Portfolio Company kSARIA to ITT for $475 Million
1 Aug 24
ITT Reports 2024 Second Quarter Earnings Per Share (EPS) of $1.45, Adjusted EPS of $1.49; Announces Portfolio Reshaping With Acquisition of Interconnect Solutions Provider kSARIA and Divestiture of Automotive Components Supplier Wolverine
1 Aug 24
ITT's Svanehøj Awarded Contract for Cryogenic Deepwell Pumps on First Ammonia-Fueled Bulk Carriers
11 Jul 24
ITT to Release Second Quarter 2024 Results on Thursday, Aug. 1
9 Jul 24