ITT (NYSE:ITT) Issues Quarterly Earnings Results

ITT (NYSE:ITT) posted its quarterly earnings data on Thursday. The conglomerate reported $1.50 EPS for the quarter, beating the consensus estimate of $1.48 by $0.02, Zacks reports. ITT had a net margin of 13.67% and a return on equity of 17.98%. ITT updated its FY 2025 guidance to 6.100-6.500 EPS.

ITT Stock Down 2.2 %

Shares of NYSE ITT traded down $3.22 during midday trading on Thursday, hitting $146.30. The stock had a trading volume of 872,902 shares, compared to its average volume of 366,796. The business’s 50 day moving average is $148.24 and its 200-day moving average is $144.77. The company has a market cap of $11.92 billion, a P/E ratio of 24.97, a PEG ratio of 1.81 and a beta of 1.41. ITT has a 52 week low of $118.58 and a 52 week high of $161.13. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be paid a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.96%. This is an increase from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is currently 21.84%.

Analysts Set New Price Targets

Several research firms have commented on ITT. Citigroup decreased their price objective on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group increased their price objective on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus decreased their price target on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Wolfe Research began coverage on shares of ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. Finally, Robert W. Baird cut their price objective on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, ITT has an average rating of “Moderate Buy” and an average price target of $167.13.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.