What is DA Davidson's Forecast for ITT FY2025 Earnings?

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) - Investment analysts at DA Davidson raised their FY2025 earnings estimates for ITT in a research note issued to investors on Monday, August 4th. DA Davidson analyst M. Summerville now expects that the conglomerate will post earnings per share of $6.50 for the year, up from their prior estimate of $6.40. DA Davidson has a "Buy" rating and a $190.00 price target on the stock. The consensus estimate for ITT's current full-year earnings is $6.51 per share.

Other analysts have also recently issued reports about the stock. Citigroup restated a "buy" rating and set a $186.00 target price (up from $159.00) on shares of ITT in a report on Monday, July 14th. Stifel Nicolaus upped their price target 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. Bank of America upped their price target 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. The Goldman Sachs Group upped their price target on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, KeyCorp upped their price target 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. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.22.

ITT Price Performance

NYSE:ITT traded up $0.75 during trading hours on Wednesday, reaching $165.76. 295,942 shares of the company's stock were exchanged, compared to its average volume of 397,199. The company has a market capitalization of $12.93 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. ITT has a 12 month low of $105.64 and a 12 month high of $170.16. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The business's 50-day simple moving average is $157.31 and its two-hundred day simple moving average is $145.56.

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

ITT Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Financial Gravity Companies Inc. acquired a new position in shares of ITT during the 2nd quarter worth $27,000. MTM Investment Management LLC bought a new position in ITT in the 2nd quarter worth $39,000. Cetera Investment Advisers raised its holdings in ITT by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 7,066 shares of the conglomerate's stock worth $1,108,000 after acquiring an additional 414 shares during the period. Creative Planning raised its holdings in ITT by 4.1% in the 2nd quarter. Creative Planning now owns 23,549 shares of the conglomerate's stock worth $3,693,000 after acquiring an additional 925 shares during the period. Finally, SG Americas Securities LLC raised its holdings in ITT by 13.2% in the 2nd quarter. SG Americas Securities LLC now owns 5,203 shares of the conglomerate's stock worth $816,000 after acquiring an additional 606 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Company Profile

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.