I’m not sure it’s entirely appropriate to call a stock followed by over a dozen sell-side analysts and widely-owned by institutions “overlooked”, but I don’t get the sense that ITT (ITT) is as widely-known among investors as it should be. And that’s a shame. ITT isn’t perfect, but I like this diversified industrial’s philosophy of adopting best practices irrespective of their source, not to mention broad late-cycle exposure and a strong growth auto business.
Below the mid-$60’s, I think ITT is undervalued. While there is some asbestos liability here, I believe it is