ITT Inc. is a diversified manufacturer of engineered critical components and customized technology solutions for the transportation, industrial and energy markets. Its segments include Motion Technologies (MT), Industrial Process (IP), and Connect & Control Technologies (CCT). The MT segment is focused on the friction braking business, which is a supplier of brake pads for internal combustion engine, hybrid and electric vehicles worldwide. We show 55 historical shares outstanding datapoints in our ITT shares outstanding history coverage, used to compute ITT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ITT market cap history over the course of time is important for investors
interested in comparing ITT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ITT versus a peer is one thing; comparing
ITT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ITT can fluctuate over the course of history.
With this page we aim to empower investors researching ITT by allowing them to research the ITT market cap history. |
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Video: The Importance of Market Cap
