ITT ITT, Inc.
ITT, Inc. engages in the manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Motion Technologies, Industrial Process, and Connect and Control Technologies. The Motion Technologies segment manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation. The Industrial Process segment includes engineered fluid process equipment in areas such as chemical, oil and gas, mining, and other industrial process markets as well as providing of plant optimization and efficiency solutions and aftermarket services and parts. The Connect and Control Technologies segment offers harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas markets. The company was founded in 1920 and is headquartered in White Plains, NY.
Company profile
Ticker
ITT
Exchange
Website
CEO
Luca Savi
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Itt Corp, ITT Corp, Itt Industries Inc
SEC CIK
Corporate docs
IRS number
135158950
ITT stock data
()
Calendar
1 May 20
5 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 663.3M | 719.1M | 711.9M | 719.9M | |
| Net income | 85.1M | 69.1M | 118.7M | 67M | |
| Diluted EPS | 0.96 | 0.77 | 1.34 | 0.75 | |
| Net profit margin | 12.83% | 9.61% | 16.67% | 9.31% | |
| Operating income | 109.3M | 82.3M | 152.5M | 86M | |
| Net change in cash | 227.8M | 56.4M | 23.8M | -22.1M | |
| Cash on hand | 839.9M | 612.1M | 555.7M | 531.9M | |
| Cost of revenue | 453.9M | 491.1M | 480.6M | 487.9M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 2.85B | 2.75B | 2.59B | 2.41B | |
| Net income | 326.2M | 334.6M | 113.3M | 186.1M | |
| Diluted EPS | 3.67 | 3.76 | 1.28 | 2.07 | |
| Net profit margin | 11.46% | 12.19% | 4.38% | 7.74% | |
| Operating income | 411.4M | 397.3M | 319.3M | 276.6M | |
| Net change in cash | 50.9M | 171.4M | -70.9M | 45M | |
| Cash on hand | 612.1M | 561.2M | 389.8M | 460.7M | |
| Cost of revenue | 1.94B | 1.86B | 1.77B | 1.64B |
Financial data from ITT earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 Jul 20 | John Capela | Common Stock | Grant | Aquire A | No | 0 | 2,630 | 0 | 6,133 |
| 9 Jun 20 | Ashford Orlando D | Common Stock | Sell | Dispose S | No | 63.0855 | 4,000 | 252.34K | 18,277 |
| 8 Jun 20 | Farrokh Batliwala | Common Stock | Sell | Dispose S | No | 65.0007 | 2,500 | 162.5K | 23,448 |
| 15 May 20 | Soussan Sabrina | Common Stock | Grant | Aquire A | No | 0 | 2,062 | 0 | 4,106.235 |
| 15 May 20 | Soussan Sabrina | Common Stock | Payment of exercise | Dispose F | No | 45.82 | 835 | 38.26K | 2,044.235 |
| 15 May 20 | Ashford Orlando D | Common Stock | Grant | Aquire A | No | 0 | 2,062 | 0 | 22,277 |
Institutional ownership Q1 2020
0.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 3 |
| Opened positions | 3 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
13F shares |
Current |
|---|---|
| Total value | 17K |
| Total shares | 373 |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Gemmer Asset Management | 372 | $17K |
| Huntington National Bank | 1 | $0 |
| IFP Advisors | 0 | $0 |
Financial report summary
?Competition
Argon St • Dover • Applied Signal Technology • EMRISE • CIRCOR International • Alion Science & Technology • Dyncorp International • Duoyuan Global Water • Sotera Defense Solutions • Strongbridge BiopharmaRisks
- Our financial condition and results of operations may be adversely affected by the COVID-19 pandemic and the governmental and market reactions to COVID-19.
- Our business is impacted by our customers’ levels of capital investment and maintenance expenditures, particularly in the oil and gas, chemical, and mining markets.
Content analysis
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| Negative | ||
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| Legalese | ||
| Litigous | ||
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H.S. freshman Avg
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New words:
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Removed:
accurately, adjusting, arise, Asia, attempt, August, avoid, began, capitalized, classification, classified, comparability, consent, conversion, Department, deploy, determining, discount, diversification, DLA, doubtful, dynamic, earned, efficient, equal, estate, evaluate, expired, fit, footprint, geographic, hand, hedge, hedged, Hedging, imported, index, initially, input, interim, Japan, Justice, Land, landscape, leased, leasing, lessee, List, making, managing, Maritime, measured, Mexico, mitigate, month, newly, noncurrent, notice, NY, optional, outpaced, penalty, provisional, QPL, qualitative, ranging, real, reclassification, remeasured, removal, removed, renew, rent, requiring, residual, retained, rotorcraft, Russian, separately, shown, sublease, Targeted, transparency, treated, win
Financial reports
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
10-Q
2018 Q2
Quarterly report
3 Aug 18
10-Q
2018 Q1
Quarterly report
4 May 18
10-K
2017 FY
Annual report
16 Feb 18
Current reports
8-K
ITT Announces CFO Transition Plan
30 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
15 May 20
8-K
Results of Operations and Financial Condition
1 May 20
8-K
Results of Operations and Financial Condition
21 Feb 20
8-K
Other Events
12 Dec 19
8-K
Results of Operations and Financial Condition
1 Nov 19
8-K
Results of Operations and Financial Condition
2 Aug 19
8-K
Submission of Matters to a Vote of Security Holders
23 May 19
8-K
ITT First-Quarter 2019 Results
3 May 19
8-K
ITT Reports Solid 2018 Full-Year and Fourth-Quarter Results, 2019 Guidance
22 Feb 19
Registration and prospectus
S-3ASR
Automatic shelf registration
18 Sep 18
8-K12B
Notification of registration of securities
16 May 16
S-8 POS
Registration of securities for employees (post-effective amendment)
16 May 16
S-8 POS
Registration of securities for employees (post-effective amendment)
16 May 16
S-8 POS
Registration of securities for employees (post-effective amendment)
16 May 16
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Dec 15
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Dec 15
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Dec 15
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Dec 15
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Dec 15
Proxies
DEFA14A
Additional proxy soliciting materials
1 May 20
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEFA14A
Additional proxy soliciting materials
31 Mar 20
DEF 14A
Definitive proxy
31 Mar 20
DEFA14A
Additional proxy soliciting materials
8 Apr 19
DEF 14A
Definitive proxy
8 Apr 19
DEF 14A
Definitive proxy
9 Apr 18
DEFA14A
Additional proxy soliciting materials
9 Apr 18
PRE 14A
Preliminary proxy
23 Mar 18
DEF 14A
Definitive proxy
27 Mar 17
Other
SD
Conflict minerals disclosure
29 May 20
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
1 May 20
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
21 Feb 20
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
1 Nov 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
2 Aug 19
SD
Conflict minerals disclosure
31 May 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
3 May 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
22 Feb 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
2 Nov 18
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
3 Aug 18
Ownership
4
ITT / John Capela ownership change
2 Jul 20
4
ITT / ORLANDO D ASHFORD ownership change
10 Jun 20
4
ITT / Farrokh Batliwala ownership change
9 Jun 20
4
ITT / Mario Longhi ownership change
19 May 20
4
ITT / RICHARD P LAVIN ownership change
19 May 20
4
ITT / ORLANDO D ASHFORD ownership change
19 May 20
4
ITT / TIMOTHY H POWERS ownership change
19 May 20
4
ITT / CHERYL L SHAVERS ownership change
19 May 20
4
ITT / GERAUD DARNIS ownership change
19 May 20
4
ITT / NICHOLAS C FANANDAKIS ownership change
19 May 20
Patents
GRANT
Design
Display screen or portion thereof with graphical user interface
30 Jun 20
Inventors: Neil Loychik, James Reitano, Naveen George, Bradley C. Decook, Jeffrey Sullivan, Daniel J. Kernan, Ken Hauenstein, Aris Sarris
APP
Utility
Machine Slip and Direction Sensing Using Flux Gate Sensor
25 Jun 20
Apparatus features a signal processor configured to receive signaling from a flux sensor containing information about a residual field from an electrical supply to a motor of a driven machine and a magnetic field from one or more rotating magnets placed on a rotating component of the driven machine; and determine corresponding signaling containing information about the operation of the driven machine, based upon a difference between an electrical supply frequency and a slip frequency determined from the signaling received and processed.
GRANT
Utility
Multi-stage pump with enhanced thrust balancing features
23 Jun 20
A multi-stage pump featuring first and second stages, each stage having an impeller arranged on a rotor of the pump, each impeller having a hub-side and an eye-side, and each impeller configured to pump a liquid through the pump that applies an axial thrust load caused by a pressure difference in an axial direction from the hub-side to the eye-side of each impeller; and a first and second stage pump casing, each casing configured to form a casing enclosure to contain components of the first stage and the second stage, including each impeller, and configured with one or more pump casing openings formed therein and passing thru the pump casing to leak at least some liquid being pumped from inside to outside the casing enclosure to reduce substantially the axial thrust load caused by the pressure difference in the axial direction from the hub-side to the eye-side of each impeller.
APP
Utility
Absorbing Apparatus
18 Jun 20
An absorbing apparatus includes a shock-absorbing unit that includes a front plate, a rear plate and a shock-absorbing core arranged between the front plate and the rear plate.
GRANT
Utility
Compressed natural gas (CNG) pressure regulator
16 Jun 20
A flow regulator for a compressed natural gas (CNG) system is defined by a housing having at least one inlet port, at least one outlet port and at least one interior passage fluidically interconnecting the inlet and outlet ports.