Investment Firm Intech Adds ITT to Portfolio in Latest 13F Filing

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Intech Investment Management LLC, a Florida-based investment firm known for its quantitative investment approach, has recently added ITT ($NYSE:ITT) Inc. to its portfolio. In their second quarter 13F filing, Intech disclosed a new position in the industrial manufacturer and supplier, signaling their confidence in the company’s potential for growth. ITT Inc. is a diversified industrial company that designs and manufactures highly engineered components and systems for various industries, including aerospace, defense, transportation, and energy. This move by the investment firm indicates their belief in ITT Inc.’s potential for long-term growth and profitability. Intech’s quantitative investment approach involves using mathematical and statistical models to identify undervalued stocks and build a diversified portfolio. Their decision to add ITT Inc. to their portfolio suggests that the company’s financials and future prospects align with Intech’s investment strategy. One possible reason for Intech’s interest in ITT Inc. could be the company’s strong financial performance in recent years.

Additionally, the company has a solid balance sheet with low debt and strong cash flow generation. Furthermore, ITT Inc.’s focus on innovation and customer-centric solutions has positioned them well for growth in the future. The company has been investing in research and development to develop new products and technologies that cater to the evolving needs of its customers. This strategic approach has helped the company maintain a competitive edge in its markets and attract new customers. With a strong financial track record, a focus on innovation, and now the backing of a reputable investment firm, ITT Inc. appears to be well-positioned for future success. Investors may want to keep an eye on this stock as it continues to attract attention from the investment community.

Stock Price

This news sent ITT INC‘s stock price up slightly, with the stock opening at $149.23 and closing at $147.9 on Wednesday. This is a 0.14% increase from the previous closing price of $147.7. Intech is known for its quantitative investment strategies, using mathematical models to identify profitable investments. With the addition of ITT Inc., it is clear that the company sees potential in ITT INC’s future performance. The company has been steadily growing and expanding its product offerings, making it an attractive investment option for firms like Intech.

With its diverse portfolio and strong financials, ITT Inc. presents itself as a reliable investment option for firms like Intech. Overall, the addition of ITT Inc. to Intech’s portfolio showcases the company’s potential for growth and its attractiveness to investors. It also serves as a positive indicator for ITT INC’s continued success and stability in the market. As both companies move forward, it will be interesting to see how this partnership benefits both parties and contributes to their overall success. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Itt Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Itt Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Itt Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Itt Inc are shown below. More…

Analysis

Upon analyzing the fundamentals of ITT INC, I have found that the company has a strong overall health score of 9/10. This is due to its stable cashflows and manageable level of debt, which indicate that the company is well-positioned to weather any potential crises in the future. In terms of its classification, ITT INC falls under the category of a ‘gorilla’ company. This means that it has achieved stable and high revenue or earning growth, likely due to its strong competitive advantage. This is a positive sign for investors as it suggests that ITT INC has a strong foothold in its industry and is capable of maintaining its success. Investors who may be interested in ITT INC are those looking for stable and consistent returns. As the company has a strong financial footing, it is likely to continue generating profits and dividends for its investors. Additionally, its classification as a ‘gorilla’ company also indicates that it has a strong competitive advantage, making it a potentially attractive long-term investment. Further analysis of ITT INC’s fundamentals reveals that the company is strong in asset management, dividend payments, and profitability. This suggests that the company is effectively utilizing its resources to generate returns for its shareholders. It also has medium growth potential, meaning that investors can expect steady growth from the company rather than rapid expansion. In conclusion, ITT INC is a solid and well-managed company with a strong financial standing and a competitive edge in its industry. This makes it an attractive option for investors seeking stable returns and long-term growth. More…

Peers

Its products and services span a wide range of industries including oil and gas, mining, power generation, food and beverage, and aerospace. The company has a long history dating back to 1869, and its brands are known for their quality and reliability. ITT’s main competitors are Flowserve Corp, Sandvik AB, and Graco Inc. These companies are all leaders in their respective industries and have a strong presence in international markets.

– Flowserve Corp ($NYSE:FLS)

Flowserve Corporation is an American multinational company and one of the largest suppliers of industrial and environmental machinery in the world. The company has a market cap of $3.64 billion and a return on equity of 5.76%. The company designs, manufactures, services, and supports flow control products and systems for use in the oil and gas, chemical, power generation, water and wastewater, and other industries.

– Sandvik AB ($LTS:0HC0)

Sandvik AB is a Swedish multinational engineering company that specializes in metal cutting and materials technology. The company has a market cap of 216.95B as of 2022 and a Return on Equity of 16.88%. Sandvik is a world-leading manufacturer of metal-cutting and materials-processing tools, equipment, and services for industrial customers. The company’s products and services are used in a variety of industries, including mining, construction, oil and gas, aerospace, and metalworking.

– Graco Inc ($NYSE:GGG)

Graco Inc is a world leader in fluid handling systems and components for the paint, coating, and other industrial and commercial applications. With a market cap of 11.45B as of 2022, Graco Inc has a Return on Equity of 19.47%. The company designs, manufactures, and markets equipment and systems to move, measure, control, dispense, and apply a variety of fluids and viscous materials used in many different applications.

Summary

Intech Investment Management LLC, a prominent investment firm, has recently acquired a new position in ITT Inc. This purchase was made during the second quarter of the year and was disclosed in the firm’s 13F filing. ITT Inc. is a company that operates in various industries and provides products and services to customers globally.

The acquisition made by Intech Investment Management LLC indicates a positive outlook on the company’s future potential and performance. This investment analysis highlights ITT Inc.’s attractiveness as a potential investment opportunity, potentially drawing attention from other investors looking to capitalize on the company’s growth and success.