ITT Inc.’s (ITT - Free Report) Veam brand will unveil its latest circular modular connector series — MOVE — in InnoTrans 2018. The company will also showcase the broad portfolio of other rail connectivity solutions offered by its Veam, Cannon, KONI and Axtone brands in the popular international trade fair.
The company stated that the MOVE modular series will be highly useful for railway infrastructure applications and rough environment rolling stock. These unique connectors will make use of span-in modules to bring in different types of contact layouts which permit transmission of signal, power and data in the same connector.
Veam’s MOVE series will ensure lower cost and time efficiency due to reduced component requisites and will also include non-imitable ultra-secure bayonet coupling mechanism. Additionally, these connectors have higher flexibility, reduced weight and can be installed with less complexity. Also, the MOVE connectors will include RoHS-compliant ruggedized plating choices, such as Black Epoxyurethanic Varnish (T39) and Blue Generation (A240).
The MOVE circular modular connector series is scheduled to be available in the market in 2019.
Over the past three months, ITT’s shares have rallied 8.5%, outperforming 5.9% growth recorded by the industry.
This Zacks Rank #2 (Buy) stock is poised to grow on the back of robust end-market demand and its state-of-the-art ongoing three-pronged business strategy. The company also carries a favorable VGM Score of B and pulled off an average positive earnings surprise of 6.33% over the last four quarters. Per our estimates, ITT’s earnings are projected to grow 21.2% year over year in 2018 and 13.7% in 2019.
Other Key Picks
Some other top-ranked stocks in the same space are listed below:
Federal Signal Corporation (FSS - Free Report) sports a Zacks Rank of 1 (Strong Buy), currently. The company pulled off an average positive earnings surprise of 22.48% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Macquarie Infrastructure Company holds a Zacks Rank #2. The company delivered an average positive earnings surprise of 8.05% over the trailing four quarters.
Crane Company (CR - Free Report) also carries a Zacks Rank of 2. The company generated an average positive earnings surprise of 3.03% during the same time frame.
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Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
ITT Inc.’s (ITT - Free Report) Veam brand will unveil its latest circular modular connector series — MOVE — in InnoTrans 2018. The company will also showcase the broad portfolio of other rail connectivity solutions offered by its Veam, Cannon, KONI and Axtone brands in the popular international trade fair.
The company stated that the MOVE modular series will be highly useful for railway infrastructure applications and rough environment rolling stock. These unique connectors will make use of span-in modules to bring in different types of contact layouts which permit transmission of signal, power and data in the same connector.
Veam’s MOVE series will ensure lower cost and time efficiency due to reduced component requisites and will also include non-imitable ultra-secure bayonet coupling mechanism. Additionally, these connectors have higher flexibility, reduced weight and can be installed with less complexity. Also, the MOVE connectors will include RoHS-compliant ruggedized plating choices, such as Black Epoxyurethanic Varnish (T39) and Blue Generation (A240).
The MOVE circular modular connector series is scheduled to be available in the market in 2019.
Over the past three months, ITT’s shares have rallied 8.5%, outperforming 5.9% growth recorded by the industry.
This Zacks Rank #2 (Buy) stock is poised to grow on the back of robust end-market demand and its state-of-the-art ongoing three-pronged business strategy. The company also carries a favorable VGM Score of B and pulled off an average positive earnings surprise of 6.33% over the last four quarters. Per our estimates, ITT’s earnings are projected to grow 21.2% year over year in 2018 and 13.7% in 2019.
Other Key Picks
Some other top-ranked stocks in the same space are listed below:
Federal Signal Corporation (FSS - Free Report) sports a Zacks Rank of 1 (Strong Buy), currently. The company pulled off an average positive earnings surprise of 22.48% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Macquarie Infrastructure Company holds a Zacks Rank #2. The company delivered an average positive earnings surprise of 8.05% over the trailing four quarters.
Crane Company (CR - Free Report) also carries a Zacks Rank of 2. The company generated an average positive earnings surprise of 3.03% during the same time frame.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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