The Misfits: ITT Inc. (ITT)

There is a lot of history behind that name, but all that really matters for this industrial manufacturer today is this one simple thing.

View of Malakoff Hauts de Seine, Henri Rousseau, 1903, oil on canvas

I doubt many investors are left with war stories about investing in ITT (NYSE: ITT) during the days of the Nifty-Fifty. Fortunately, most of us don’t have those built-up scars because today, ITT is an entirely different animal that doesn’t garner nearly as much attention.

As is often the case in financial media, the much quieter version of the company has been a much better investment than the headline-grabber of decades past. Its returns in the last 30 years (1993 to today)…

…are nearly 10 times better than they were from 1968 to 1998.

(yes, there’s some overlap, but pricing data only goes back to 1968).

It isn’t a coincidence that today’s ITT is a much better wealth generator than the ITT of old. In my opinion, one thing has contributed to ITT’s success above all.

Let’s dig in.

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Shoutout to Koyfin for their data and charts. Koyfin has become an integral part of how I screen for, track, and analyze companies. It has made the analysis process much faster thanks to having a decade of data at my fingertips instead of manually going through stacks of quarterly and annual filings.

Where else are you going to find pricing data back to 1968?

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