NYSE:ITT

ITT (ITT) Stock Price, News & Analysis

$130.41
+0.87 (+0.67%)
(As of 04/24/2024 ET)
Today's Range
$128.83
$130.92
50-Day Range
$122.39
$137.12
52-Week Range
$75.82
$138.29
Volume
376,914 shs
Average Volume
356,380 shs
Market Capitalization
$10.73 billion
P/E Ratio
26.29
Dividend Yield
0.98%
Price Target
$135.57

ITT MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
4.0% Upside
$135.57 Price Target
Short Interest
Healthy
1.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.02
Upright™ Environmental Score
News Sentiment
0.13mentions of ITT in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.97%
From $5.80 to $6.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

Multi-Sector Conglomerates Sector

6th out of 14 stocks

Pumps & Pumping Equipment Industry

5th out of 7 stocks

ITT stock logo

About ITT Stock (NYSE: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. 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 Price History

ITT Stock News Headlines

ITT (ITT) Set to Announce Earnings on Thursday
Will this $2 AI stock double overnight?
It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!
ITT Inc. (ITT)
Will this $2 AI stock double overnight?
It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!
Steve Buscemi Joins the Cast of 'Wednesday' Season 2
Beyond The Numbers: 4 Analysts Discuss ITT Stock
Ecuador is Not For Sale
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 4/1 Dividend
3/07/2024
Dividend Payable
4/01/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/02/2024
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
$135.57
High Stock Price Target
$157.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+4.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$410.50 million
Pretax Margin
15.82%

Debt

Sales & Book Value

Annual Sales
$3.28 billion
Cash Flow
$6.82 per share
Book Value
$30.93 per share

Miscellaneous

Free Float
81,915,000
Market Cap
$10.73 billion
Optionable
Optionable
Beta
1.43

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Key Executives


ITT Stock Analysis - Frequently Asked Questions

Should I buy or sell ITT stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ITT in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ITT shares.
View ITT analyst ratings
or view top-rated stocks.

What is ITT's stock price target for 2024?

7 Wall Street analysts have issued 1 year price objectives for ITT's shares. Their ITT share price targets range from $105.00 to $157.00. On average, they expect the company's share price to reach $135.57 in the next year. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for ITT
or view top-rated stocks among Wall Street analysts.

How have ITT shares performed in 2024?

ITT's stock was trading at $119.32 at the start of the year. Since then, ITT shares have increased by 9.3% and is now trading at $130.41.
View the best growth stocks for 2024 here
.

Are investors shorting ITT?

ITT saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,000,000 shares, an increase of 14.0% from the February 29th total of 876,900 shares. Based on an average daily volume of 342,100 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.2% of the shares of the stock are sold short.
View ITT's Short Interest
.

When is ITT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ITT earnings forecast
.

How can I listen to ITT's earnings call?

ITT will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were ITT's earnings last quarter?

ITT Inc. (NYSE:ITT) released its quarterly earnings data on Thursday, February, 8th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The conglomerate earned $829.10 million during the quarter, compared to the consensus estimate of $814.38 million. ITT had a net margin of 12.50% and a trailing twelve-month return on equity of 17.91%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share.

How often does ITT pay dividends? What is the dividend yield for ITT?

ITT declared a quarterly dividend on Thursday, February 8th. Investors of record on Friday, March 8th will be given a dividend of $0.319 per share on Monday, April 1st. This represents a $1.28 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from the stock's previous quarterly dividend of $0.29.
Read our dividend analysis for ITT
.

Is ITT a good dividend stock?

ITT (NYSE:ITT) pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.01%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITT will have a dividend payout ratio of 19.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ITT.

How will ITT's stock buyback program work?

ITT announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 4th 2023, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 12.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.

What guidance has ITT issued on next quarter's earnings?

ITT issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 5.450-5.900 for the period, compared to the consensus estimate of 5.900. The company issued revenue guidance of $3.6 billion-$3.7 billion, compared to the consensus revenue estimate of $3.5 billion.

What is Luca Savi's approval rating as ITT's CEO?

23 employees have rated ITT Chief Executive Officer Luca Savi on Glassdoor.com. Luca Savi has an approval rating of 26% among the company's employees. This puts Luca Savi in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of ITT own?
Who are ITT's major shareholders?

ITT's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Leeward Investments LLC MA (0.23%), Running Oak Capital LLC (0.11%), Cookson Peirce & Co. Inc. (0.09%), Raymond James & Associates (0.08%), Farmers & Merchants Investments Inc. (0.08%) and Allspring Global Investments Holdings LLC (0.07%). Insiders that own company stock include Don Defosset, Luca Savi, Mary Elizabeth Gustafsson, Maurine C Lembesis, Orlando D Ashford and Ryan F Flynn.
View institutional ownership trends
.

How do I buy shares of ITT?

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.

Does ITT have any subsidiaries?
The following companies are subsidiares of ITT: AcousticFab LLC, Allen Osborne Associates, Axtone, Axtone Bahntechink GmbH, Axtone GmbH, Axtone HSW sp. z.o.o., Axtone S.A., Axtone s.r.o., Blakers Pump Engineers, Bolton Insurance Co., Bolton International RE S.C.A., Bolton International S.C.A., Bombas Goulds S.A., Bombas Goulds de Mexico S. de R.L. de C.V., Bombas Goulds de Venezuela C.A., Bornemann Inc., Bornemann S.A. DE C.V., C&I QSF LLC, C&K Components, Canberra Pumps do Brasil, Carbon Industries Inc., Computer & Equipment Leasing Corporation, DITTHA GmbH, Distribuidora Arbos C.A., Dolphin Technology, EP Industries Europe B.V., Edo, Electrofilm Manufacturing Company LLC, Ellis K. Phelps & Co., Energy Machine Services, Enidine Kabashiki Gaisha (Enidine Company Limited (Japan)), EnviroTech LLC, European Pump Services B.V., F.B. Leopold, FLOJET Corp., Flowtronex PSI, Godwin Pumps, Goulds Mexico Holdings LLC, Goulds Pumps (IPG) LLC, Goulds Pumps (N.Y.) Inc., Goulds Pumps Administration Inc., Goulds Pumps Canada Inc., Goulds Pumps Co. Ltd., Hartzell Aerospace, Hydro Air Industries, ITT (China) Investment Co. Ltd., ITT (Shanghai) Fluid Technology Co. Ltd., ITT Aerospace Controls LLC, ITT Australia Holdings Pty Ltd, ITT Automotive Enterprises Inc., ITT Blakers PTY Ltd, ITT Blakers Unit Trust, ITT Bornemann GmbH, ITT Bornemann-Goulds Pumps S.R.L., ITT Brasil – Indústria de Bombas Válvulas e Serviços Ltda., ITT C'treat LLC, ITT Cannon (Hong Kong) LTD, ITT Cannon Electronics (Shenzhen) Co. Ltd, ITT Cannon GmbH, ITT Cannon Korea Ltd., ITT Cannon LLC, ITT Cannon Ltd., ITT Cannon Mexico Inc., ITT Cannon Veam Italia s.r.l., ITT Cannon de Mexico S.A. de C.V., ITT Community Development Corporation, ITT Corporation India PVT. Ltd., ITT EMD LLC, ITT Egypt LLC, ITT Engineered Valves LLC, ITT Enidine GmbH, ITT Enidine Inc., ITT Finance Hong Kong Ltd., ITT Fluid Technology Asia Pte Ltd., ITT Fluid Technology International (Thailand) LTD., ITT Fluid Technology International Inc., ITT Fluid Technology S.A., ITT Germany Holdings GmbH, ITT Goulds Pumps Colombia S.A.S., ITT Goulds Pumps Inc., ITT High Precision Manufactured Products (Wuxi) Co. Ltd., ITT Holding LLC, ITT Holdings Czech Republic s.r.o., ITT Industries France S.A.S., ITT Industries Global S.a.r.l., ITT Industries Holdings Inc., ITT Industries Holdings Limited, ITT Industries Limited, ITT Industries Luxembourg S.a r.l., ITT Industries Rus LLC, ITT Industries Spain SL, ITT International Holdings Inc., ITT International Luxembourg S.a r.l., ITT Investments Luxembourg S.a.r.l., ITT Italia s.r.l., ITT Italy Holding Srl, ITT Japan B.V., ITT Korea Holding B.V., ITT Luxembourg Europe Sarl, ITT Luxembourg Worldwide Sarl, ITT Manufacturing Enterprises LLC, ITT Motion Technologies America LLC, ITT Motion Technologies GmbH, ITT Motion Technologies LLC, ITT Motion Technologies Luxembourg S.a.r.l., ITT Motion Technologies Mexico S. de R.L. de C.V, ITT Netherlands B.V., ITT Netherlands Europe B.V., ITT Netherlands Worldwide B.V., ITT Rheinhuette Pumps LLC, ITT Rheinhütte Benelux B.V., ITT Rheinhütte Pumpen Austria GmbH, ITT Rheinhütte Pumpen Co. Ltd., ITT Rheinhütte Pumpen GmbH, ITT Saudi Co., ITT Torque Systems Inc., ITT Ventures LLC, ITT Ventures S.a.r.L., ITT Vietnam Pro Company Limited, ITT Water & Wastewater U.S.A. Inc., InTelCo Properties LLC, Industrial Tube Company LLC, International Motion Control, International Motion Control Inc., International Standard Electric Corporation, K and M Electronics, Kentucky Carbon Corporation, Koni BV, Koni Finco B.V., Koni France SAS, Koni NA LLC, LLMZ Kamax, Leland Properties Inc., Matrix Composites, Matrix Composites Inc., Nova Analytics, O.I. Corporation, PT ITT Fluid Technology Indonesia, Pci Membranes, Precision Stainless, Qingdao Kamax Buffer Equipment Company Ltd., Qume, Rheinhutte Pumps Nordic Filial, Rheinhütte Pumpen Group, Rule Industries, SRA International's Airport Operations Solutions (AOS) group, STX Pte. Ltd, Shanghai Hengtong Purified Water Development, Shanghai Hengtong Water Treatment Engineering, Sinton Engineering Group, Stanford Telecommunications Inc, Svedala Robot BV, TDS Corporate Services LLC, Uniservice Wellpoint, Venus Holdco LLC, WAM China Ltd., WC Wolverine Holdings Inc., Water Pollution Control Corp., Wolverine Advanced Materials (Anhui) Co. Ltd., Wolverine Advanced Materials (Changshu) Co. Ltd., Wolverine Advanced Materials (Shanghai) Co. Ltd., Wolverine Advanced Materials Asia Limited, Wolverine Advanced Materials GmbH, Wolverine Advanced Materials LLC, Wolverine Automotive Holdings Inc., Wolverine Brasil Representacao Ltda., Wolverine Japan KK, Wolverine Press (Changshu) Co. Ltd., Wolverine/Tekno Laminates and Composites Ltda., and YSI Inc.
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This page (NYSE:ITT) was last updated on 4/25/2024 by MarketBeat.com Staff

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