2024-05-08 17:12:22 ET
Summary
- ITT Inc. has been a steady stock market performer and is expected to continue growing through organic growth and mergers and acquisitions.
- The company is focused on improving its margins through manufacturing process improvements and investment in research and development.
- ITT Inc. operates in three segments and serves the transportation, industrial, and energy markets.
Thesis
ITT Inc. ( ITT ) has been a stock market star for the past year and a steady performer over most of the past five years:
If management can deliver on its goals, those gains will likely keep coming in my view. In addition to organic growth, ITT is also ramping up for mergers and acquisitions [M&A] growth. Three companies have been acquired in the past two years, and it still has $2 billion available for others....
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For further details see:
ITT Continues Strong Performance Post-Pandemic, Now Adding Acquired Growth