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STAMFORD, Conn. - ITT Inc. (NYSE:ITT), a $11.86 billion industrial technology company with strong financial health and consistent profitability according to InvestingPro data, will present its new VIDAR motor technology at two industry events in Houston next week, according to a company press release.
The company will host "VIDAR Unveiled" on June 24 to introduce the compact motor to customers and partners. The following day, VIDAR General Manager Dan Kernan will deliver a keynote presentation at Downstream USA 2025, a conference expected to draw more than 3,000 industry professionals. The presentation comes as ITT maintains strong operational performance with $3.63 billion in revenue and a healthy 34.74% gross profit margin.
VIDAR combines variable speed intelligence with energy efficiency in a package that is 60% smaller than current market solutions. The technology aims to address energy waste in industrial pumps and fans, where approximately 85% of equipment still uses fixed speed motors and mechanical controls.
According to the company, VIDAR can replace traditional motors and variable frequency drives while fitting into existing equipment footprints. In one field trial, the company claims a single pump installation reduced energy usage by over 50% and saved a customer approximately $20,000.
The motor is designed for applications in the industrial fluid delivery sector, particularly targeting downstream and chemical operations.
ITT, headquartered in Stamford, Connecticut, manufactures engineered components for transportation, industrial, and energy markets with employees in more than 35 countries and sales in approximately 125 countries. For detailed analysis and additional insights about ITT’s market position and growth potential, investors can access comprehensive research reports on InvestingPro, which currently shows the stock trading near its Fair Value.
In other recent news, ITT Inc. has been active with several notable developments. The company announced the appointment of Mary Laschinger to its Board of Directors, bringing her extensive experience in industrial sectors to the table. This move aligns with ITT’s board refreshment strategy, aiming to leverage Laschinger’s leadership background to enhance the company’s strategic direction. In addition to leadership changes, ITT has been the subject of several analyst updates following its recent Capital Markets Day. BofA Securities raised its price target for ITT to $170, maintaining a Buy rating, citing the company’s focus on mergers and acquisitions and organic growth as key drivers.
Similarly, TD Cowen adjusted its price target to $170, also reiterating a Buy rating, and highlighted ITT’s "2030 Vision" for growth through innovation and strategic acquisitions. Stifel analysts increased their price target to $171, expressing confidence in ITT’s long-term financial goals and acquisition strategy. Meanwhile, Citi maintained a Buy rating with a $159 price target, emphasizing ITT’s growth mechanisms and potential for above-average revenue and earnings growth. These updates reflect a general consensus among analysts on ITT’s strategic initiatives and growth potential.
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