ITT (NYSE:ITT) Posts Earnings Results

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

ITT Trading Up 0.6 %

NYSE:ITT traded up $0.94 on Friday, hitting $147.33. The stock had a trading volume of 194,972 shares, compared to its average volume of 359,404. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.81 and a beta of 1.41. The company has a fifty day moving average price of $148.05 and a two-hundred day moving average price of $144.78. ITT has a 1-year low of $118.58 and a 1-year high of $161.13.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 0.95%. This is a boost from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is currently 22.22%.

Analyst Ratings Changes

ITT has been the subject of several analyst reports. Wolfe Research began coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating for the company. Citigroup dropped their price objective on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus lowered their target price on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th. The Goldman Sachs Group boosted their price target on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen boosted their price target on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, ITT currently has a consensus rating of “Moderate Buy” and an average target price of $168.38.

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.