Premium industrial goods company ITT CorporationITT recently announced its plan to boost the rotorcraft industry with its innovative isolation solutions. These solutions would help reduce vibrations and noises, thereby prolonging the lifespan of rotorcraft mechanisms as well as enhancing the safety and comfort of passengers. Launched under the company's Enidine brand, these new vibration isolation and energy absorption solutions would be displayed at Hai Heli-Expo 20Array6 in Louisville, KY.
Pylon isolation systems, spherical pivot bearings, elastomeric rod ends, main engines, multi-modulus laminated journal bearings and cabin interior vibration isolators are some of the major rotorcraft solutions that will be displayed by ITT Corporation at the expo event. According to the company, these novel solutions would serve to protect crew members and passengers alike.
TT Corporation is a global multi-industry leader in high-technology engineering and manufacturing projects. The company engages in design, manufacture and sale of a wide range of engineered products and services. Focused on highly engineered solutions, the firm invests heavily in research & development programs.
Enidine brand's products are offered by ITT Corporation's Control Technologies segment. The company also markets other brands such as Compact Automation and Turn-Act under this particular segment, which manufactures equipment like actuation, valves, switches, custom-energy absorption, vibration isolation and regulators for aerospace, defense & industrial applications markets. This division of the company has become a global supplier and manufacturer of highly engineered aerospace and industrial products.
Why a Zacks Rank #4?
ITT Corporation presently carries a Zacks Rank #4 (Sell). Unfavorable foreign currency fluctuations are currently weighing on the company's top- and bottom-line results in recent times. Also, sluggishness in industrial and oil & gas markets remains a major headwind that might significantly drag the company's financials in the near term. Moreover, factors like volatility in the price of raw materials, inability to integrate recently acquired businesses, failure to protect intellectual property rights and changes in environmental laws may pose concerns in near term.
Stocks to Consider
Better-ranked stocks in the industry include Macquarie Infrastructure Corporation MIC , Barloworld Ltd. BRRAY and Belden Inc. BDC . While Macquarie Infrastructure sports a Zacks Rank #Array (Strong Buy), both Barloworld and Belden hold a Zacks Rank #2 (Buy).
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