Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
ITT (NYSE:ITT) Inc. stock has surged to an all-time high, reaching a price of 170.18 USD. According to InvestingPro data, the company boasts a market capitalization of $13.27 billion and maintains a robust financial health score rated as "GOOD." This milestone marks a significant achievement for the company, reflecting its robust performance over the past year. The stock has experienced a 1-year change of 27.02%, with revenue growing at 6.69%. InvestingPro analysis reveals that six analysts have recently revised their earnings expectations upward, and the company has maintained dividend increases for 12 consecutive years. As the company continues to innovate and expand its market presence, this record high serves as a testament to its growth trajectory and potential for future gains. Trading at a P/E ratio of 26.53, ITT currently appears to be trading above its InvestingPro Fair Value. For deeper insights and access to 13 additional ProTips about ITT, consider exploring InvestingPro’s comprehensive research report.
In other recent news, ITT Inc. reported its second-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.64, exceeding the forecasted $1.61. Additionally, ITT’s revenue outperformed projections, reaching $972.4 million compared to the anticipated $948.2 million. These results reflect positive developments for the company. The earnings and revenue figures are crucial indicators for investors, showcasing ITT’s financial performance. While there were no updates on mergers or acquisitions, the company’s ability to exceed financial forecasts is noteworthy. Analyst opinions and stock price movements were not detailed in the recent developments.
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