ITT traded at $194.57 this Friday May 15th, decreasing $8.27 or 4.08 percent since the previous trading session. Looking back, over the last four weeks, ITT lost 8.42 percent. Over the last 12 months, its price rose by 27.25 percent. Looking ahead, we forecast ITT to be priced at 190.66 by the end of this quarter and at 179.39 in one year, according to Trading Economics global macro models projections and analysts expectations.
ITT Inc. is a manufacturer of engineered critical components and customized technology solutions for the transportation, industrial and energy markets. The Company operates through three segments: Motion Technologies (MT), Industrial Process (IP), and Connect & Control Technologies (CCT). The MT segment is a manufacturer of brake pads, shims, shock absorbers, energy absorption components, and sealing technologies primarily for the transportation industry, including passenger cars and trucks, light- and heavy-duty commercial and military vehicles, buses, and rail. The IP segment is an original equipment manufacturer (OEM), and an aftermarket parts and service provider offering portfolio of industrial pumps, valves, and plant optimization and remote monitoring systems and services. The CCT segment designs and manufactures a range of engineered connectors and specialized products for various markets, including aerospace and defense, industrial, transportation, medical, and oil and gas.