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How to Buy Itt Stock

Itt Inc

Itt is a specialty industrial machinery company located in New York, United States, which is part of the Industrials sector, and is traded under the ticker ITT on the NYSE exchange.

Itt stock last closed at $142.72, up 3.99% from the previous day, and has increased 46.74% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.28 percentage points. Itt stock is currently +55.23% from its 52-week low of $91.94, and -0.91% from its 52-week high of $144.03.

As of Jul 16, 2024, there are 82.3M shares of ITT outstanding. The market value of ITT is $11.75B. In the last 24 hours, 639,354 ITT shares were traded.

How to Buy Itt Stock

Not sure how to invest in Itt stock? Here's how.
  1. Figure out where to buy Itt stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Itt stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Pick your payment method and add your information.
  4. Evaluate Itt stock: The Itt ticker symbol is ITT. Is Itt stock a good investment? Should you buy shares of ITT? How do ITT's underlying business fundamentals look? Do top analysts think Itt is a good buy? Why has ITT's stock price moved recently? (Hint: Our stock analysis website can help you understand if ITT is a good stock to buy).
  5. Execute your ITT buy order: Decide if you will purchase ITT shares at the current market price or use a limit order to buy ITT stock at a particular price.
  6. Get key alerts regarding your ITT investment: Create a watchlist to watch your investment in Itt shares.

Step 1: Figure out where to buy Itt stock

You need a brokerage account in order to access the NYSE market and buy ITT stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen the best brokerage, the next step is to fill out some personal info so you are able to buy ITT stock today.

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Step 3: Put funds into your investment account

Now that you have opened your account on stock apps to use, your next step is to transfer the money for your investment:

Watch this video walkthrough if you need help depositing funds into your new brokerage account.

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Step 4: Evaluate Itt stock

Once you have identified the best place to buy Itt stock, it's critical to research their stock before you buy, so you actually comprehend the risk as well as the opportunity.

Itt quick stats

ITT Price
$142.72
1w %
13.3%
1y %
46.74%
5y %
119.77%
P/E
27.82x
P/B
4.56x
P/S
3.45x
PEG
2.05x
Revenue
$3.40B
Earnings
$421.50M
Fore. Rev. Growth
7.12%
Fore. Earn. Growth
13.56%
Market Cap
$11.75B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

Itt Zen Score

WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in less time.

You can view all of the due diligence checks on ITT's stock page.

Is ITT stock undervalued or overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge ITT's intrinsic value.

Using relative valuations methods:

  • ITT could be overvalued based on its P/E ratio of 27.82x, relative to Specialty Industrial Machinery industry P/E ratio of 25.92x
  • ITT could be undervalued based on its P/B ratio of 4.56x, relative to Specialty Industrial Machinery industry P/B ratio of 5.33x
  • ITT could be overvalued based on its PEG ratio of 2.05x

You can access more valuation analysis on ITT's stock here.

ITT Financial Health Overview

Passed Health Checks:

  • Total ITT debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the ITT balance sheet.
  • ITT's operating cash flow of $537.70M allows it to safely service it's debt of $553.20M.
  • ITT earnings of $549.40M is not sufficient to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the ITT balance sheet.

Failed Health Checks:

  • ITT profit margin has gone down from 12.8% to 12.4% in the past year.
  • ITT has a relatively high debt to equity ratio of 0.71.

Is ITT stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 6 Wall Street analysts who give recommendations on ITT, the consensus analyst rating on Itt is a Strong Buy

It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.

Latest ITT Analyst Ratings

Matt Summerville, a top 9% analyst from DA Davidson maintains ITT with a strong buy rating and raises their ITT price target from $140.00 to $155.00, on Mar 26, 2024.

DA Davidson's Matt Summerville raised their price target on Itt (NYSE: ITT) by 10.7% from $140 to $155 on 2024/03/26. The analyst maintained their Strong Buy rating on the stock.

The company's combination of market share capture, price control, a "plethora of organic initiatives/opportunities," ongoing lean/operational excellence implementation, and inorganic optionality position its stock to move upwards with vigor, the analyst said, citing "quite convincing" discussions with Itt's management.

Itt's end market trends remain "highly favorable-to-improving," Summerville told investors, pointing to the YTD outperformance of Motion Technologies Friction and Connectors segments relative to expectations.

You can dig deeper into what analysts are saying on the Itt stock forecast page.

ITT Momentum

SMA10
131.07
SMA20
129.98
SMA50
132.02
SMA100
130.6
SMA200
120.47
MACD
1.49
MACD Signal
-0.15
MACD Histogram
1.64
RSI
73.41
Stochastic %K
93.33
Stochastic %D
88.32
StochRSI %K
100
StochRSI %D
100

ITT Revenue

Last year, ITT earnings were $421.50M. In the past 5 year, ITT's earnings have increased by 8.07% per year. This was faster than the Specialty Industrial Machinery industry average of 0.25%.

Last year, ITT revenue was $3.40B. In the past five year, ITT's revenue has gone up by 4.3% per year. This was slower than the Specialty Industrial Machinery industry average of 4.35%.

You can research ITT's earnings and revenue performance here.

What are ITT insiders up to?

Over the last year, insiders at ITT have sold more shares than they have bought.

Davide Barbon, SVP President APAC MT of ITT, was the latest ITT insider to sell. They sold $108,841.80 worth of ITT stock on Mar 4, 2024.

Research more about who owns ITT shares here.

Does ITT provide a stable income stream?

Itt pays a dividend of 0.63%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.15%. If you owned $1,000 worth of ITT stock, you would have received $6.30 in the past 12 months.

Itt dividend payments have consistently grown over the past decade and have remained stable.

Dig into more info about Itt dividend yield and history here.

ITT Social Trading Data

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Step 5: Execute your ITT buy order

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.

Hit the Open Trade button and your broker will execute your order.

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Step 6: Get key alerts regarding your ITT investment

Now that you own some ITT shares, you'll want to keep up with your new shares.

Start a watchlist to get the latest updates about your ITT stock.

ITT Feed

How to Buy Stock in Itt

To reiterate, here are the 6 steps for buying Itt stock:

  1. Figure out where to buy Itt stock
  2. Open a brokerage account
  3. Put funds into your investment account
  4. Evaluate Itt stock
  5. Execute your ITT buy order
  6. Get key alerts regarding your ITT investment

If you need a online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to track your new investment in Itt, click the button below.

NYSE: ITT
$142.72+5.48 (+3.99%)
Updated Jul 16, 2024
Open eToro Account
NYSE: ITT
$142.72+5.48 (+3.99%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Itt share?

As of Jul 16, 2024, it costs $142.72 to buy one share of Itt stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.07 shares of ITT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Itt stock?

According to 6 Wall Street analysts who monitor Itt, their consensus recommendation is to buy Itt stock.

What is the best way to buy Itt stock?

One way to place an order for Itt stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.