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Morningstar

Morningstar

Jul 02, 2026

ITT Inc.: ITT Earnings: Solid Quarter, but SPX Acquisition Adds Significant Leverage and Accounting Complexity

Symbols

ITT

Sector(s)

Industrials

Rating

Current Price

190.07

Fair Value

Economic Moat

Stewardship

Summary

ITT began its journey as International Telephone & Telegraph in 1920. Through decades of acquisitions in the mid-1900s, ITT went from manufacturing telephone switching equipment to operating hotels, car rentals, insurance agencies, and bread bakeries. In 1995, the firm split into three separate entities, one of which is the ITT in current operation. After a few more spinoffs in 2011, today ITT Inc. sells automotive, industrial, and aerospace products such as b

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