ITT Stock Recent News

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Appoints Maggie Chu, Chief Human Resources Officer at Littelfuse, Inc., to Board of Directors.

Investors interested in stocks from the Diversified Operations sector have probably already heard of Sumitomo Corp. (SSUMY) and ITT (ITT). But which of these two companies is the best option for those looking for undervalued stocks?

ITT is set to penetrate and diversify its offerings in key markets with the acquisition of kSARIA.

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. today announced the completion of its acquisition of kSARIA Parent, Inc. (kSARIA).

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. today announced its participation at the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference on Sept. 19.

Investors with an interest in Diversified Operations stocks have likely encountered both Sumitomo Corp. (SSUMY) and ITT (ITT). But which of these two stocks offers value investors a better bang for their buck right now?

ITT's Q2 revenues increase 8.6% year over year, driven by higher friction original equipment volumes in the Motion Technologies unit and volume growth in aerospace and defense components.

ITT Inc. (NYSE:ITT ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Mark Macaluso - Vice President, Investor Relations and Global Communications Luca Savi - Chief Executive Officer and President Emmanuel Caprais - Chief Financial Officer Conference Call Participants Damian Karas - UBS Scott Davis - Melius Research Joseph Giordano - TD Cowen Michael Halloran - Baird Nathan Jones - Stifel Vlad Bystricky - Citigroup Jeff Hammond - KeyBanc Capital Markets Joseph Ritchie - Goldman Sachs Sabrina Abrams - Bank of America Operator Welcome to ITT's 2024 Second Quarter Conference Call. Today is Thursday, August 1, 2024.

Although the revenue and EPS for ITT (ITT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

NEW YORK , Aug. 1, 2024 /PRNewswire/ -- Behrman Capital, a private equity investment firm based in New York, today announced that it has entered into a definitive agreement to sell its portfolio company kSARIA Holdings ("kSARIA" or "the company"), a leading producer and supplier of mission-critical connectivity solutions for the aerospace and defense end markets, to ITT Inc. ("ITT", NYSE: ITT) in a transaction valued at approximately $475 million. Founded in 2000, kSARIA brings extensive process technology and engineering expertise to the high-reliability connectivity industry, offering interconnect products and services with superior performance, quality and value to the Mil/Aero end market.