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NYSE:ITT

ITT (ITT) Stock Price, News & Analysis

$144.46
-2.29 (-1.56%)
(As of 09/20/2024 ET)

About ITT Stock (NYSE:ITT)

Key Stats

Today's Range
$143.00
$146.05
50-Day Range
$125.07
$146.78
52-Week Range
$91.94
$149.65
Volume
1.05 million shs
Average Volume
384,262 shs
Market Capitalization
$11.89 billion
P/E Ratio
28.33
Dividend Yield
0.88%
Price Target
$151.00
Consensus Rating
Buy

Company Overview

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. This segment sells its products under ITT Friction Technologies, KONI, Wolverine Advanced Materials, Axtone, Novitek, and GALT. brand names. The Industrial Process segment provides industrial pumps, valves, and plant optimization and remote monitoring systems and services; and aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, mining, and other industrial process markets. This segment sells its products under Goulds Pumps, Bornemann, Engineered Valves, PRO Services, C'treat, i-ALERT, Rheinhütte Pumpen, and Habonim brand names. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized products for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and energy. This segment provides connector products, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies; and control products consist of highly engineered actuation, flow control, energy absorption, environmental control, and composite component solutions for the aerospace, defense, and industrial markets under Cannon, VEAM, BIW Connector Systems, Aerospace Controls, Enidine, Compact Automation, Neo-Dyn Process Controls, Conoflow, and Micro-Mode brand names. The company was incorporated in 1920 and is headquartered in Stamford, Connecticut.

ITT Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 74th Percentile

ITT scored higher than 74% of companies evaluated by MarketBeat, and ranked 9th out of 24 stocks in the multi-sector conglomerates sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ITT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    ITT has only been the subject of 3 research reports in the past 90 days.

  • Read more about ITT's stock forecast and price target.
  • Earnings Growth

    Earnings for ITT are expected to grow by 11.64% in the coming year, from $5.84 to $6.52 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ITT is 28.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ITT is 28.33, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 7.06.

  • Price to Earnings Growth Ratio

    ITT has a PEG Ratio of 1.71. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    ITT has a P/B Ratio of 4.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about ITT's valuation and earnings.
  • Percentage of Shares Shorted

    0.71% of the float of ITT has been sold short.
  • Short Interest Ratio / Days to Cover

    ITT has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ITT has recently decreased by 10.54%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    ITT has a dividend yield of 0.96%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    ITT does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of ITT is 24.90%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, ITT will have a dividend payout ratio of 19.48% next year. This indicates that ITT will be able to sustain or increase its dividend.

  • Read more about ITT's dividend.
  • Percentage of Shares Shorted

    0.71% of the float of ITT has been sold short.
  • Short Interest Ratio / Days to Cover

    ITT has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ITT has recently decreased by 10.54%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    ITT has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Multi-Sector Conglomerates companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for ITT this week, compared to 10 articles on an average week.
  • Search Interest

    Only 5 people have searched for ITT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ITT insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.42% of the stock of ITT is held by insiders.

  • Percentage Held by Institutions

    91.59% of the stock of ITT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ITT's insider trading history.
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ITT Stock News Headlines

ITT Inc. (NYSE:ITT) Short Interest Down 10.5% in August
Our #1 Ticker for the Rare "Retirement Window"
We've only seen this happen three times in the past 20 years... And every time - like clockwork - it's minted an entire new class of millionaires.
See More Headlines

ITT Stock Analysis - Frequently Asked Questions

ITT's stock was trading at $119.32 at the start of the year. Since then, ITT shares have increased by 21.1% and is now trading at $144.46.
View the best growth stocks for 2024 here
.

ITT Inc. (NYSE:ITT) posted its earnings results on Thursday, August, 1st. The conglomerate reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm's revenue was up 8.6% compared to the same quarter last year.

ITT's board authorized a share repurchase plan on Wednesday, October 4th 2023, which allows the company to buy back $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 12.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

The following companies are subsidiaries of ITT: Matrix Composites, Rheinhütte Pumpen Group, Axtone, Wolverine Automotive Holdings Inc., Hartzell Aerospace, ITT Bornemann GmbH, Blakers Pump Engineers, and more.

ITT's top institutional investors include Select Equity Group L.P. (4.06%), Massachusetts Financial Services Co. MA (1.61%), Dimensional Fund Advisors LP (1.16%) and Bank of New York Mellon Corp (1.01%). Insiders that own company stock include Mary Elizabeth Gustafsson, Don Defosset, Maurine C Lembesis, Ryan F Flynn and Luca Savi.
View institutional ownership trends
.

Shares of ITT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that ITT investors own include Xtrackers California Municipal Bond ETF (CA), Hawkins (HWKN), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH) and Aegean Marine Petroleum Network (ANW).

Company Calendar

Ex-Dividend for 7/1 Dividend
6/03/2024
Dividend Payable
7/01/2024
Last Earnings
8/01/2024
Ex-Dividend for 9/30 Dividend
9/03/2024
Today
9/20/2024
Dividend Payable
9/30/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
45091120
Employees
10,600
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$151.00
High Stock Price Target
$158.00
Low Stock Price Target
$125.00
Potential Upside/Downside
+4.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$410.50 million
Pretax Margin
16.07%

Debt

Sales & Book Value

Annual Sales
$3.47 billion
Cash Flow
$7.21 per share
Book Value
$30.93 per share

Miscellaneous

Free Float
81,954,000
Market Cap
$11.89 billion
Optionable
Optionable
Beta
1.40

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This page (NYSE:ITT) was last updated on 9/20/2024 by MarketBeat.com Staff
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