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 (MIC - Free Report) 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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