Even though ITT (currently trading at $219.81 per share) has gained 7.3% over the last six months, it has lagged the S&P 500’s 13.1% return during that period. This may have investors wondering how to approach the situation.

Given the relatively weaker price action, does ITT warrant a spot on your radar, or is it better left off your list? Find out in our full research report, it’s free.

Why Are We Positive on ITT?

Playing a crucial role in the development of the first transatlantic television transmission in 1956, ITT (NYSE: ITT) provides motion and fluid handling equipment for various industries.

1. Skyrocketing Revenue Shows Strong Momentum

A company’s long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Luckily, ITT’s sales grew at an impressive 12% compounded annual growth rate over the last five years. Its growth beat the average industrials company and shows its offerings resonate with customers.

2. Projected Revenue Growth Is Remarkable

Forecasted revenues by Wall Street analysts signal a company’s potential. Predictions may not always be accurate, but accelerating growth typically boosts valuation multiples and stock prices while slowing growth does the opposite, though some deceleration is natural as businesses become larger.

Over the next 12 months, sell-side analysts expect ITT’s revenue to rise by 23%, an improvement versus its 12% annualized growth for the past five years. This projection is eye-popping and implies its newer products and services will spur better top-line performance.

3. Outstanding Long-Term EPS Growth

We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.

ITT’s EPS grew at 15% compounded annual growth rate over the last five years, higher than its 12% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded.

Final Judgment

These are just a few reasons why ITT ranks highly on our list. With its shares lagging the market recently, the stock trades at 24.8× forward P/E (or $219.81 per share). Is now a good time to buy? See for yourself in our full research report, it’s free.

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