ITT To Unveil Packaging Industry Solutions In PACK EXPO

ITT Inc.’s (NYSE:ITT) Compact Automation brand is slated to unveil a comprehensive portfolio of premium motion control solutions in this year’s PACK EXPO at Las Vegas. The move is in sync with the company’s motto to meet the challenging and unique requirements of the contemporary packaging industry.

Over the last month, shares of this Zacks Rank #3 (Hold) stock yielded a return of 9.3%, outperforming 0.8% growth recorded by the industry.

The company has an average positive earnings surprise of 6.03% for the last four trailing quarters and has an Earnings ESP of +0.38% for 2017.

Notably, the company’s earnings are expected to be up 15% in the next three to five years.

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ITT Inc. is poised to grow on the back of stronger innovation and greater operational efficacy. However, on the other side, sluggish oil & gas, as well as aerospace and defense business might partially dent its near-term performance.

Inside the Headlines

Compact Automation is a brand under ITT Inc.’s Connect and Control Technologies segment. The brand offers repairable, powerful and configurable products for the packaging and automatic applications’ market. Notably, reliable, durable and unique motion control products are also offered under this brand. These products not only help in lowering damage of equipment and goods, but also boost the equipment output.

Booth S-7456 of 2017 PACK EXPO will showcase advanced motion control solutions of Compact Automation, such as Hydraulic and Pneumatic Cylinders, Electromechanical Actuators and Rotary Actuators.

The Hydraulic and Pneumatic Cylinders are made of materials most appropriate for hazardous environment. These cylinders will likely fulfill the requisites of almost all packaging applications. Furthermore, the Electromechanical Actuators are cylinders usable for any application demanding safe and precise linear movement. The Rotary Actuators will be an economic and lightweight solution for pinion or traditional rack type assemblies.

Stocks to Consider

Better-ranked stocks in the industry are listed below:

Hitachi Ltd. (OTC:HTHIY) currently sports a Zacks Rank #1 (Strong Buy). The company’s earnings are projected to jump 13% during the same time frame. You can see the complete list of today’s Zacks #1 Rank stocks here.

Bunzl (LON:BNZL) PLC (OTC:BZLFY) currently carries a Zacks Rank #2 (Buy). The company’s earnings are projected to be up 3.2% in the next three to five years.

Barloworld Ltd. (OTC:BRRAY) also carries a Zacks Rank #2. Over next three to five years, the company’s earnings are projected to climb 17.3%.

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