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ITT (NYSE:ITT) Corp.’s stock price target has been reaffirmed at $170.00, reflecting the firm’s confidence in the company’s ongoing potential and its status as a top pick within the industrial tech sector. The Best-of-Breed Bison initiative underscores ITT Corp.’s position as a strong investment option with favorable profit profiles and cash flows.DA Davidson’s reiteration of the Buy rating and price target is based on a thorough analysis of ITT Corp.’s business fundamentals and its standing within the competitive landscape of the industrial technology industry. The company trades at a P/E ratio of 23.75, with analyst targets ranging from $141 to $182 per share. The company trades at a P/E ratio of 23.75, with analyst targets ranging from $141 to $182 per share.
The initiative, designed by the DA Davidson research team, evaluates companies against twelve specific criteria to identify industry leaders with sustainable competitive moats. ITT Corp. has successfully met ten of these criteria, indicating a strong alignment with the attributes DA Davidson considers essential for a Best-of-Breed Bison company. The company’s strong fundamentals are reflected in its $3.63 billion revenue and consistent dividend history, having maintained payments for 55 consecutive years while raising dividends for the past 12 years.
The analyst, Matt Summerville, noted ITT Corp.’s inclusion in the initiative and emphasized the company’s performance across most of the selected factors. The criteria used to evaluate the companies are part of a strategic framework aimed at pinpointing long-term, best-in-class industrial technology names. For deeper insights into ITT’s valuation and growth prospects, InvestingPro subscribers can access comprehensive analysis and additional ProTips in the detailed Pro Research Report.
ITT Corp.’s stock price target has been reaffirmed at $170.00, reflecting the firm’s confidence in the company’s ongoing potential and its status as a top pick within the industrial tech sector. The Best-of-Breed Bison initiative underscores ITT Corp.’s position as a strong investment option with favorable profit profiles and cash flows.
DA Davidson’s reiteration of the Buy rating and price target is based on a thorough analysis of ITT Corp.’s business fundamentals and its standing within the competitive landscape of the industrial technology industry.
In other recent news, ITT Inc. reported its first-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.45, which slightly surpassed analyst expectations of $1.43. The company’s revenue for the quarter was $913 million, meeting expectations but showing no year-over-year growth. ITT has set ambitious financial targets for 2030, aiming for over 5% annual organic revenue growth and a 23% adjusted operating margin. The company also plans to invest $500-700 million annually in acquisitions, contributing an additional $0.75 to $1.00 to EPS by 2030. ITT’s leadership, including CEO Luca Savi, expressed confidence in surpassing previously set targets and emphasized continued growth through execution, innovation, and mergers and acquisitions. The company introduced Vidar, a new industrial motor technology, and reported strong order growth, particularly in the Connect and Control segment. Despite these positive developments, ITT’s stock experienced a decline in pre-market trading.
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