ITT - ITT Inc.: Still Not Fully Appreciated (Or Understood) By The Street
Despite not having a lot of the traits that investors find most desirable today in industrials (short cycle exposure, leverage to ESG/climate/energy efficiency, and/or leverage to onshoring), ITT Corp. (ITT) has nevertheless shrunk some of the valuation gap I saw last quarter and outperformed its peer group by around 3% to 5% (depending on how you define the group).
I still believe that there's meaningful upside here and that the Street doesn't fully appreciate the story - from the "more short cycle than you might think" aspects of the Industrial Process business to