DA Davidson Weighs in on ITT's FY2025 Earnings (NYSE:ITT)

Key Points

• DA Davidson has raised ITT Inc.'s FY2025 earnings estimate to $6.50 per share, up from $6.40, and maintained a "Buy" rating with a $190.00 price objective.
• In its latest quarterly results, ITT reported earnings of $1.64 per share, surpassing expectations, with a net margin of 13.99% and revenue of $972.40 million, up 7.3% year-over-year.
• The firm declared a quarterly $0.351 dividend with a yield of 0.8%, and its dividend payout ratio currently stands at 22.01%.

ITT Inc. (NYSE:ITT - Free Report) - Equities researchers at DA Davidson increased their FY2025 earnings estimates for shares of ITT in a research note issued on Monday, August 4th. DA Davidson analyst M. Summerville now anticipates that the conglomerate will earn $6.50 per share for the year, up from their prior forecast of $6.40. DA Davidson has a "Buy" rating and a $190.00 price objective on the stock. The consensus estimate for ITT's current full-year earnings is $6.51 per share.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.02. ITT had a net margin of 13.99% and a return on equity of 18.08%. The firm had revenue of $972.40 million during the quarter, compared to analysts' expectations of $947.48 million. During the same quarter in the prior year, the company earned $1.49 EPS. The company's revenue was up 7.3% compared to the same quarter last year.

ITT has been the subject of a number of other research reports. Bank of America increased their target price on shares of ITT from $145.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. KeyCorp increased their target price on shares of ITT from $180.00 to $192.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Citigroup reissued a "buy" rating and set a $186.00 target price (up previously from $159.00) on shares of ITT in a research report on Monday, July 14th. Stifel Nicolaus increased their target price on shares of ITT from $197.00 to $202.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group raised their price target on shares of ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.22.

ITT Price Performance

Shares of ITT opened at $166.05 on Wednesday. The company has a 50 day moving average price of $156.44 and a 200-day moving average price of $145.30. ITT has a fifty-two week low of $105.64 and a fifty-two week high of $170.16. The stock has a market capitalization of $12.95 billion, a PE ratio of 26.11, a PEG ratio of 2.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.45.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd will be paid a $0.351 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. ITT's dividend payout ratio is presently 22.01%.

Institutional Trading of ITT

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewSquare Capital LLC increased its stake in shares of ITT by 37.2% in the second quarter. NewSquare Capital LLC now owns 454 shares of the conglomerate's stock worth $71,000 after acquiring an additional 123 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of ITT in the second quarter worth $239,000. Fullcircle Wealth LLC grew its position in ITT by 6.5% during the second quarter. Fullcircle Wealth LLC now owns 1,777 shares of the conglomerate's stock valued at $297,000 after buying an additional 109 shares during the period. Strs Ohio grew its position in ITT by 18.0% during the second quarter. Strs Ohio now owns 14,065 shares of the conglomerate's stock valued at $2,206,000 after buying an additional 2,148 shares during the period. Finally, Assetmark Inc. grew its position in ITT by 31.7% during the second quarter. Assetmark Inc. now owns 503 shares of the conglomerate's stock valued at $79,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

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.

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