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ITT Corporation [S&P 500; USA] rises in strong trading with rising open interest May 04, 2011

ITT Corporation (ITT.N) rose 69.0c (or 1.2%) to close at US$57.14, ending a four-day streak of losses. Compared with the Dow Jones Industrial index, which fell 83.9 points (or 0.7%) on the day, this was a relative price change of 1.9%.

OPEN INTEREST TREND AND INTERPRETATION

Same day trend: open interest strengthened 0.4% from 101,220 to 101,651. Combined with the price rising 1.2% this suggests the market is strong.

Trailing one week trend: open interest rose, ending a two-week streak of losses. Open interest rose 0.9% from 100,763 a week ago while the stock declined 3.0% from US$59.28 a week ago. Combined with the falling price this suggests the market is weak.

Trailing one month trend: open interest crashed 17.1% from 122,586 a month ago while the stock slumped 6.0% from US$60.79 a month ago. Combined with the falling price this suggests the market is strengthening.

Open interest as % of issued capital: 10,165,100 shares, representing 5.5% of the issued capital.

[ranked 347 out of 1285 stocks in descending order]

Put:call ratio: open interest contracts on exchange traded options included 44,786 put contracts and 56,865 call contracts.

The put:call ratio was 1:1.3, down 1.6% for the past week and down 39.6% in the past month.

Top three traded call options [volume of contracts in brackets; 1 contract is 100 shares]

Exercise US$60.0; Expires May 21: 15.0c up 50.0% [37]

Exercise US$65.0; Expires Oct 22: 65.0c up 18.2% [17]

Exercise US$60.0; Expires Jul 16: 85.0c up 21.4% [6]

Top two traded put options [volume of contracts in brackets; 1 contract is 100 shares]

Exercise US$55.0; Expires May 21: 27.0c down 40.0% [1016]

Exercise US$55.0; Expires Oct 22: US$2.70 down 5.3% [25]

Volatility: the stock traded between an intraday low of US$56.45 and a high of US$57.37. the average daily volatility of 1.9% places the stock in the 4th quartile in the market meaning it is least volatile.

% Discount to high: the last price is at a discount of 10.7% to the 12-month high of US$64.0.

% Premium to low: the last price is at a premium of 35.9% to the 12-month low of US$42.05 nine months ago on 25 Aug, 2010.

Volume weighted price (VWP): the price is about the same as its 1-month volume weighted average price of US$58.44.

Rises to Falls: in the last three months the number of rises outnumbered falls 32:31 or 1.03:1.

Beta: the Beta of this stock is 1.26. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.

Standard Deviation (SD): SD is a statistical measure of deviation from the mean. the SD of 1.8% gives it a percentile rank of 27 meaning that 27% of stocks in the global market are less volatile than this stock.

AGGREGATE VOLUMES AND TURNOVER PERIOD

[Volume Index or VI in brackets; 1 is average]

USNYSE: ITT.N 1,470,000 [VI of 1.0] volume 99.96% of aggregate.

FRANCE: ITT.FR 30 [VI of 0.1] volume 0.0020% of aggregate.

GERMANY: ITT.F 364 [VI of 2.7] volume 0.02% of aggregate.

GERMANY: ITT.F 15 [VI of 0.6] volume 0.0010% of aggregate.

GERMANY: ITT.F 150 [VI of 2.7] volume 0.01% of aggregate.

Aggregate volume: there were 1,470,559 shares worth US$84 million traded. the aggregate volume was 0.95 times average trading of 1,546,512 shares.

Turnover period: the turnover rate in the 12 months to date was 211.5% (or a turnover period of 5 months).

Access comprehensive Stock Research on http://www.buysellsignals.com/2021949

PRICE PERFORMANCE RANK IN INDICES AND SECTORS

The stock is in 2 sectors.

The stock's rise went against the trend set by the following index and sectors:

Aerospace/Defense sector of 7 stocks traded today, which was down 138.5 points or 1.2% to 10,934.6;

the index of Top 5000 stocks by MCap, which was down 93.6 points or 1.0% to 8,865.7;

Dow Jones Industrial index of 30 stocks traded today, which was down 83.9 points or 0.7% to 12,723.6

RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS

- Price/Earnings of 13.1 versus sector average of 15.3 and market average of 16.8.

- the earnings yield of 7.61% is 2.2 times the 10-year bond yield of 3.4%.

- Return on Equity of 17.7% versus sector average of 16.2% and market average of 8.4%.

- Price/Earnings/Growth of 0.6 (based on the year-on-year growth in trailing 12 months EPS of 22.9%) versus sector average of 0.6 and market average of 0.4.

- Return on Assets of 6.4% versus sector average of 4.8% and market average of 1.9%.

- Dividend Yield of 1.8% (based on trailing 12 months dividends of US$1.0) versus sector average of 1.7% and market average of 0.8%. the company paid out a dividend of US$1.0 in the past 12 months. the 10-year bond yield is currently 3.4%.

- interest cover defined by EBIT/I is 9.2 times. this indicates it is less leveraged.

- Price/Sales of 0.95 versus sector average of 0.8 and market average of 1.1.

- Total Liabilities/ EBITDA of 6.5 is more than or equal to 5, this compares unfavourably with Joseph Piotroski benchmark of 5.

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS

- in the global market of top 5000 stocks by MCap, the stock has a 6-month relative strength of 78 indicating it has outperformed 78% of its global peers.

- the price to 200-day MAP ratio is 1.1, a bullish indicator. in the past 200 days this ratio has exceeded 1.1 82 times suggesting further upside. the 50-day MAP of US$58.14 is higher than the 200-day MAP of US$51.819, a bullish indicator. the 200-day MAP has increased to US$51.819. an increase is another bullish indicator.

- the price declined 3.0% in the last week.

- this was on volume of 1.1 times average for week.

- the price to 50-day EMAP ratio is 0.99. in the past 50 days this ratio has been under 0.99 just twice suggesting a support level. the 50-day EMAP has decreased to US$57.926. A decrease is another bearish indicator.

- the Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is negative suggesting a bearish signal. Both the 12-day EMA as well as the 26-day EMA are falling, another bearish signal.

Trailing one week: the stock fell four times (80% of the time) and rose once (20% of the time). the aggregate volume was 1.1 times average trading of 7,732,560 shares. the value of US$1,000 invested a week ago is US$968 [vs USD1,003 for the Dow Jones Industrial index], for a capital loss of US$32 (or loss of 3.2%).

Trailing one month: the stock fell fourteen times (64% of the time) and rose eight times (36% of the time). the aggregate volume was 0.8 times average trading of 34,023,264 shares. the value of US$1,000 invested a month ago is US$940 [vs USD1,027 for the Dow Jones Industrial index], for a capital loss of US$60 (or loss of 6.0%).

Trailing one year: the value of US$1,000 invested one year ago is US$1,084 [vs USD1,187 for the Dow Jones Industrial index], including a capital gain of US$63 and dividend reinvested of US$21. the total return to shareholders for 1 year is 8.4%.

Trailing five years: the value of US$1,000 invested five years ago is US$1,028, including a capital gain of US$8 and dividend reinvested of US$20.

The present value of US$1000 invested at a previous date is shown below:

Annual Report for the year ended December 31, 2010 (year-on-year comparisons with previous corresponding period)-

EPS of $US4.3.

Favourable Changes: total revenue up 3.01% to $US11.0b; net profit growth 23.91% to $US798.0m; a track record of profits in 4 of the last 4 years; total debt to net tangible assets down from 44.6% to 36.5%; debt to equity down 21.98% to 0.3; total liabilities to total assets down 2.11% to 0.6; total number of shares outstanding down 89.92% to 183,900,000; Retained earnings to total assets up 2.17% to 43.5%.

Unfavourable Changes: interest cover down 0.02% to 9.2; EBIT Margin down 1.98% to 10.8%; total liabilities to EBITDA up 7.87% to 6.5: this compares unfavourably with the Joseph Piotroski benchmark of <5; total liabilities to operating cash flow ratio of 6.4 also compares unfavourably with the Joseph Piotroski benchmark of <4, it had deteriorated by 11.53% from the previous year.; current ratio down 3.46% to 1.6; Working capital to total assets down 14.57% to 13.3%; EBIT to total assets down 9.64% to 7.4%; total revenue to total assets down 7.83% to 0.9.

Major Common Size Ratios: total non-current assets to total assets up from 60.9% to 64.67%; total current assets to total assets down from 39.1% to 35.33%; current debtors to total assets down from 15.76% to 15.63%; fixed assets to total assets up from 9.43% to 9.69%; cash to total assets down from 10.93% to 8.3%; cost of goods sold to sales down from 71.67% to 71.12%; sales and marketing expenses to sales down from 14.57% to 14.41%; EBITDA to Sales down from 11.22% to 11.05%; EBITD to Sales down from 11.22% to 11.05%; EBIT to Sales down from 8.52% to 8.35%.

ITT Corporation vs Aerospace/Defense sector [Aerospace/Defense sector Total in Brackets]

Revenue of US$11 billion[12.9% of aggregate sector revenue of US$85.1 billion; up from 12.8% in the previous year.]

Net Profit of US$798 million [12.5% of aggregate sector net profit of US$6.4 billion; up from 11.1% in the previous year.]

EBIT of US$918 million [7.7% of aggregate sector EBIT of US$12 billion; down from 7.9% in the previous year.]

EPS growth: the implied future growth rate of earnings per share required to justify the current Price Earnings Multiple of 13.1 on trailing twelve months is 0.8%, based on a formula devised by Benjamin Graham. this is lower than the year-on-year growth rate in eps of 22.9%, suggesting the stock may be undervalued.

Investment return: the nominal investment return, defined by the sum of 1.8% yield and 22.9% earnings growth, is 24.6%. the nominal investment return divided by the average P/E is a multiple of 1.9, which compares unfavourably with the benchmark of 2.

Based on 183,500,000 issued shares the market capitalisation is US$10.5 billion. It is the world's 4th largest Aerospace/Defense company by market capitalisation.

It is the world's 5th largest Aerospace/Defense company by assets.

ITT Corporation (ITT), is a global multi-industry company engaged directly and through its subsidiaries in the designing, manufacturing and sale of range of engineered products. the Company's three principal business segments are referred to as Fluid Technology, Defense Electronics & Services, Fluid Technology and Motion & Flow Control. Defense Electronics & Services, which include high-technology electronic systems and components, communications systems and engineering and applied research; Fluid Technology, include water and wastewater treatment systems, pumps and related technologies, and other water fluid control products with residential, commercial and industrial applications. Motion & Flow Control is comprised of a group of businesses providing products and services for the areas of defense, aerospace, industrial, transportation, computer, telecom and marine.

It is the 83rd largest by revenue in the Forbes 2000, the 110th largest by profits in the Fortune 1000 and the 156th largest by assets in the Fortune 1000.

The chairman and chief executive officer is Steven R. Loranger and the chief financial officer is Denise L. Ramos.

REPORTED BUYING AND SELLING

July 06, 2010: ITT Corporation director buys

ITT Corporation (ITT.N) director Loranger Steven R bought 737 shares worth approximately US$32,922 on July 01, 2010. the last price was US$44.70.

May 13, 2010: Itt Corporation director buys

Itt Corporation (ITT.N) director Tambakeras Markos I bought 1,715 shares worth approximately US$90,191.8 on May 11, 2010. the last price was US$52.60.

May 13, 2010: Itt Corporation director buys

Itt Corporation (ITT.N) director Crawford Curtis J bought 1,715 shares worth approximately US$90,191.8 on May 11, 2010. the last price was US$52.60.

May 13, 2010: ITT Corporation director buys

ITT Corporation (ITT.N) director Crawford Curtis J bought 1,715 shares worth approximately US$90,192 on May 11, 2010. the last price was US$52.60.

July 06, 2010: ITT Corporation director sells

ITT Corporation (ITT.N) director Loranger Steven R sold 171 shares worth approximately US$7,639 on July 01, 2010. the last price was USD44.67.

BUSINESS NEWS ROUND UP

The last 5 snippets are:

April 26: ITT Corporation Receives $11 Million Order to Supply Flygt Large Pumps for India's Growing Power Market

[News Story] WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- ITT Corporation (NYSE: ITT), a world leader in the transport and treatment of water and wastewater, announced that it has received its first major order to supply Flygt circulating water pumps for the growing power market in India.

April 18: ITT to release first-quarter 2011 results on April 29, 2011

WHITE PLAINS, N.Y., April 18, 2011 - ITT Corporation (NYSE: ITT) will release its first-quarter 2011 financial results at 7:00 a.m. EDT, Friday, April 29, 2011. at 9:00 a.m. EDT, senior management will review financial and operating results, comment on current conditions and answer questions during an investor briefing.the briefing can be monitored live by calling +1 (706) 643-7542 (ID#: 57668879) or at the following address on the company's website: www.itt.com/investors.A replay of the briefing will be available on the website and telephonically until Friday, May 6, 2011 at 6:00 p.m.

March 21: ITT launches revolutionary AquaCharge portable, rechargeable and submersible hand-held water pump

GLOUCESTER, Mass., March 21, 2011 - ITT Corporation (NYSE: ITT) today announced the launch of AquaCharge(TradeMark), a portable, rechargeable and fully submersible hand-held water pumping solution. created by ITT's Flow Control business, the launch represents an expansion of the company's innovative approach to providing unique solutions to meet evolving water management needs within the consumer markets."AquaCharge combines ITT's engineering expertise with our strategy to innovate quickly to meet customer needs," said Bob Wolpert, president of ITT Flow Control.

March 07: ITT Corporation announces AGM

ITT Corporation has announced its Annual General Meeting will take place on May 10, 2011.

March 07: ITT Corporation recommends dividend

ITT Corporation today announced a quarterly dividend of 25.0c per share. the record date is March 02, 2011 and it is payable on April 01, 2011.

Currency Conversion: US Dollar USD1= US$1.0 [or US$1= USD1.0]. US$1 = 100c.

Source: www.BuySellSignals.com

<a href="http://www.militaryaerospace.com/index/display/wire-news-display/1411364447.htmltag:news.google.com,2005:cluster=http://www.militaryaerospace.com/index/display/wire-news-display/1411364447.htmlThu, 05 May 2011 08:28:54 GMT 00:00">ITT Corporation [S&P 500; USA] rises in strong trading with rising open interest May 04, 2011