ITT Company Profile (NYSE:ITT)

About ITT (ITT)

ITT logoITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company's product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts. Motion Technologies manufactures brake components, shock absorbers and damping technologies for the automotive, truck and trailer, public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment, including actuation, valves, and noise and energy absorption components for the aerospace and defense, and industrial markets.

Industry, Sector and Symbol:
  • Sector: Multi-Sector Conglomerates
  • Industry: Diversified Machinery
  • Sub-Industry: Industrial Machinery
  • Exchange: NYSE
  • Symbol: ITT
  • CUSIP: 45091120
Key Metrics:
  • Previous Close: $39.26
  • 50 Day Moving Average: $41.16
  • 200 Day Moving Average: $38.79
  • 52-Week Range: $30.06 - $44.00
  • Trailing P/E Ratio: 18.99
  • Foreward P/E Ratio: 14.07
  • P/E Growth: 1.61
  • Market Cap: $3.47B
  • Outstanding Shares: 88,400,000
  • Beta: 1.39
Profitability:
  • Net Margins: 7.93%
  • Return on Equity: 15.41%
  • Return on Assets: 5.82%
Debt:
  • Current Ratio: 1.61%
  • Quick Ratio: 1.29%

Analyst Ratings

Consensus Ratings for ITT (NYSE:ITT) (?)
Ratings Breakdown: 9 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $46.00 (17.17% upside)

Analysts' Ratings History for ITT (NYSE:ITT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
2/16/2017CIBCUpgradeMarket Perform -> OutperformN/AView Rating Details
2/16/2017Oppenheimer Holdings Inc.UpgradeMarket Perform -> Outperform$50.00N/AView Rating Details
2/15/2017Stifel NicolausBoost Price TargetBuy$45.00 -> $49.00N/AView Rating Details
1/18/2017Barclays PLCReiterated RatingBuy$49.00N/AView Rating Details
1/9/2017Bank of America CorpUpgradeNeutral -> BuyN/AView Rating Details
12/2/2016AegisInitiated CoverageBuy$47.00N/AView Rating Details
11/7/2016KeyCorpUpgradeSector Weight -> Overweight$40.00N/AView Rating Details
6/10/2016Seaport Global SecuritiesUpgradeAccumulate -> Buy$37.00 -> $41.00N/AView Rating Details
5/6/2016Robert W. BairdReiterated RatingBuyN/AView Rating Details
3/21/2016Goldman Sachs Group IncBoost Price Target$36.00 -> $40.00N/AView Rating Details
2/16/2016Avondale PartnersLower Price TargetMarket Perform$42.00 -> $37.00N/AView Rating Details
1/11/2016Vertical ResearchDowngradeBuy -> HoldN/AView Rating Details
11/2/2015Cowen and CompanyReiterated RatingBuy$52.00 -> $50.00N/AView Rating Details
7/22/2015Alembic Global AdvisorsInitiated CoverageOverweight$46.00N/AView Rating Details
5/2/2015Deutsche Bank AGDowngradeBuy -> HoldN/AView Rating Details
(Data available from 3/25/2015 forward)

Earnings

Earnings History for ITT (NYSE:ITT)
Earnings by Quarter for ITT (NYSE:ITT)
Earnings History by Quarter for ITT (NYSE:ITT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/15/2017        
2/14/2017Q416$0.42$0.48$551.89 million$588.00 millionViewListenView Earnings Details
11/4/2016Q316$0.58$0.58$582.12 million$582.00 millionViewN/AView Earnings Details
8/4/2016Q216$0.60$0.67$620.12 million$626.20 millionViewN/AView Earnings Details
5/5/2016Q116$0.59$0.42$592.67 million$609.00 millionViewListenView Earnings Details
2/12/2016Q415$0.55$0.58$631.95 million$667.00 millionViewListenView Earnings Details
10/30/2015Q315$0.59$0.63$608.56 million$602.00 millionViewListenView Earnings Details
7/31/2015Q215$0.59$0.69$614.33 million$628.00 millionViewListenView Earnings Details
5/1/2015Q115$0.53$0.65$633.75 million$589.00 millionViewListenView Earnings Details
2/13/2015Q414$0.57$0.59$648.05 million$660.00 millionViewListenView Earnings Details
10/31/2014Q314$0.60$0.66$667.10 million$657.10 millionViewListenView Earnings Details
7/31/2014Q214$0.52$0.60$637.02 million$663.00 millionViewListenView Earnings Details
5/1/2014Q114$0.52$0.62$645.70 million$674.50 millionViewN/AView Earnings Details
2/14/2014Q413$0.47$0.49$631.85 million$646.00 millionViewListenView Earnings Details
10/31/2013Q313$0.84$0.54$606.60 million$634.00 millionViewListenView Earnings Details
8/1/2013Q2 2013$0.45$0.51$599.47 million$609.00 millionViewListenView Earnings Details
5/2/2013Q1 2013$0.43$0.47$611.52 million$608.00 millionViewListenView Earnings Details
2/27/2013Q4 2012$0.38$0.37$540.80 million$554.00 millionViewListenView Earnings Details
11/2/2012Q312$0.39$0.78$539.19 million$556.00 millionViewN/AView Earnings Details
8/3/2012$0.37$0.50ViewN/AView Earnings Details
5/4/2012$0.31$0.39ViewN/AView Earnings Details
2/29/2012$0.36$0.36ViewN/AView Earnings Details
10/28/2011$1.17$1.17ViewN/AView Earnings Details
7/29/2011$1.17$1.18ViewN/AView Earnings Details
4/29/2011$0.93$0.98ViewN/AView Earnings Details
2/3/2011$1.26$1.36ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for ITT (NYSE:ITT)
Current Year EPS Consensus Estimate: $2.38 EPS
Next Year EPS Consensus Estimate: $2.79 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20165$0.58$0.65$0.61
Q2 20164$0.58$0.64$0.61
Q3 20164$0.56$0.72$0.62
Q4 20164$0.41$0.44$0.42
Q1 20174$0.58$0.61$0.60
Q2 20174$0.62$0.65$0.64
Q3 20174$0.59$0.62$0.61
Q4 20174$0.49$0.57$0.53
Q1 20181$0.69$0.69$0.69
Q2 20181$0.79$0.79$0.79
Q3 20181$0.75$0.75$0.75
Q4 20181$0.68$0.68$0.68
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for ITT (NYSE:ITT)
Next Dividend:4/3/2017
Annual Dividend:$0.50
Dividend Yield:1.27%
Dividend Growth:7.40% (3 Year Average)
Payout Ratio:22.94% (Trailing 12 Months of Earnings)
21.01% (Based on This Year's Estimates)
17.92% (Based on Next Year's Estimates)
Track Record:4 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for ITT (NYSE:ITT)

Dividend History by Quarter for ITT (NYSE:ITT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/14/2017quarterly$0.131.18%3/9/20173/13/20174/3/2017
10/18/2016quarterly$0.121.42%12/7/201612/9/201612/30/2016
8/10/2016quarterly$0.121.42%9/7/20169/9/201610/3/2016
5/11/2016quarterly$0.121.42%6/8/20166/10/20167/1/2016
2/12/2016quarterly$0.121.55%3/9/20163/11/20164/1/2016
8/12/2015quarterly$0.121.24%9/9/20159/11/201510/1/2015
5/8/2015quarterly$0.121.14%6/10/20156/12/20157/1/2015
2/13/2015quarterly$0.121.15%3/11/20153/13/20154/1/2015
10/9/2014quarterly$0.111.08%12/10/201412/12/201412/31/2015
10/8/2014quarterly$0.1112/10/201412/12/201412/31/2014
8/6/2014quarterly$0.110.95%9/10/20149/12/201410/1/2014
5/20/2014quarterly$0.111.01%6/11/20146/13/20147/1/2014
2/20/2014quarterly$0.111.01%3/12/20143/14/20144/1/2014
10/15/2013quarterly$0.101.1%11/13/201311/15/201312/31/2013
8/8/2013quarterly$0.101.19%8/28/20138/30/201310/1/2013
5/8/2013quarterly$0.101.36%5/22/20135/24/20137/1/2013
2/27/2013quarterly$0.101.52%3/13/20133/15/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for ITT (NYSE:ITT)
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 91.15%
Insider Trades by Quarter for ITT (NYSE:ITT)
Institutional Ownership by Quarter for ITT (NYSE:ITT)
Insider Trades by Quarter for ITT (NYSE:ITT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/16/2017Denise L RamosCEOSell50,000$41.35$2,067,500.00View SEC Filing  
3/13/2017Aris C ChiclesInsiderSell28,089$41.00$1,151,649.00View SEC Filing  
3/8/2017Denise L RamosInsiderSell75,000$41.00$3,075,000.00View SEC Filing  
2/16/2017Aris C ChiclesInsiderSell23,650$43.31$1,024,281.50View SEC Filing  
12/5/2016Aris C ChiclesInsiderSell30,570$41.02$1,253,981.40View SEC Filing  
11/15/2016Aris C ChiclesInsiderSell56,380$38.28$2,158,226.40View SEC Filing  
11/10/2016Thomas M ScaleraVPSell9,310$38.00$353,780.00View SEC Filing  
5/31/2016Aris C ChiclesInsiderSell90,778$35.58$3,229,881.24View SEC Filing  
5/25/2016Thomas M ScaleraCFOSell7,019$36.00$252,684.00View SEC Filing  
3/11/2016Denise L RamosCEOSell152,594$35.91$5,479,650.54View SEC Filing  
3/7/2016Denise L RamosCEOSell89,643$37.35$3,348,166.05View SEC Filing  
11/2/2015Geraud DarnisDirectorBuy10,000$38.83$388,300.00View SEC Filing  
5/11/2015Denise L RamosCEOSell71,590$41.21$2,950,223.90View SEC Filing  
5/7/2015Denise L RamosCEOSell55,756$41.05$2,288,783.80View SEC Filing  
2/17/2015Munish NandaSVPSell18,711$41.10$769,022.10View SEC Filing  
11/14/2014Aris C ChiclesEVPSell10,569$42.78$452,141.82View SEC Filing  
8/11/2014Denise L RamosCEOSell80,724$47.07$3,799,678.68View SEC Filing  
8/11/2014Thomas M ScaleraCFOSell5,438$46.97$255,422.86View SEC Filing  
3/12/2014Aris ChiclesEVPSell8,181$42.05$344,011.05View SEC Filing  
2/25/2014Thomas ScaleraCFOSell4,286$43.56$186,698.16View SEC Filing  
11/21/2013Denise RamosCEOSell48,721$40.77$1,986,355.17View SEC Filing  
11/20/2013Aris ChiclesEVPSell22,250$40.66$904,685.00View SEC Filing  
11/14/2013Munish NandaSVPSell51,421$41.12$2,114,431.52View SEC Filing  
11/7/2013Luca SaviSVPBuy2,500$40.16$100,400.00View SEC Filing  
9/13/2013Robert Pagano, Jr.SVPSell21,018$35.03$736,260.54View SEC Filing  
9/11/2013Robert Pagano, Jr.SVPSell29,885$35.12$1,049,561.20View SEC Filing  
8/2/2013Janice KlettnerCAOSell24,605$34.16$840,506.80View SEC Filing  
8/2/2013Munish NandaSVPSell31,310$34.32$1,074,559.20View SEC Filing  
5/22/2013Denise L RamosCEOSell43,829$30.65$1,343,358.85View SEC Filing  
5/17/2013Janice KlettnerCAOSell35,834$30.38$1,088,636.92View SEC Filing  
5/9/2013Aris C ChiclesEVPSell12,707$29.69$377,270.83View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for ITT (NYSE:ITT)
Latest Headlines for ITT (NYSE:ITT)
Source:
DateHeadline
feeds.benzinga.com logoNANOBIOTIX: the Independent Data Monitoring Committee recommends the continuation of the ongoing phase II/III trial of NBTXR3 in Soft Tissue Sarcoma
feeds.benzinga.com - March 23 at 1:57 PM
nasdaq.com logoWhy Is ITT Inc (ITT) Down 4.3% Since the Last Earnings Report? - Nasdaq
www.nasdaq.com - March 22 at 9:53 AM
finance.yahoo.com logoWhy Is ITT Inc (ITT) Down 4.3% Since the Last Earnings Report?
finance.yahoo.com - March 22 at 9:53 AM
globenewswire.com logoTG Therapeutics Announces Positive Topline Data from Phase 3 GENUINE Study of ...
globenewswire.com - March 6 at 9:00 AM
finance.yahoo.com logoITT’s Enidine Brand Displays Unique Rotorcraft Solutions at HAI HELI-EXPO 2017
finance.yahoo.com - March 6 at 9:00 AM
feeds.benzinga.com logoRitter Pharmaceuticals Reports Fourth Quarter and Full Year 2016 Financial Results and Provides Business Update
feeds.benzinga.com - February 27 at 9:26 AM
streetinsider.com logoForm 4 ITT Inc. For: Feb 23 Filed by: Creamer Victoria L
www.streetinsider.com - February 25 at 8:38 AM
streetinsider.com logoForm 4 ITT Inc. For: Feb 23 Filed by: Scalera Thomas M
www.streetinsider.com - February 25 at 12:18 AM
finance.yahoo.com logoITT INC. Financials
finance.yahoo.com - February 23 at 5:59 PM
finance.yahoo.com logoITT to Participate in Gabelli & Company’s 27th Annual Pump, Valve and Water Systems Symposium
finance.yahoo.com - February 22 at 12:33 PM
biz.yahoo.com logoITT INC. Files SEC form 10-K, Annual Report
biz.yahoo.com - February 17 at 5:24 PM
us.rd.yahoo.com logoEdited Transcript of ITT earnings conference call or presentation 14-Feb-17 2:00pm GMT
us.rd.yahoo.com - February 16 at 4:53 PM
finance.yahoo.com logoITT Industries upgraded by Oppenheimer
finance.yahoo.com - February 16 at 4:53 PM
prnewswire.com logoResearch Reports Initiation on Machinery Stocks -- Ocean Power Technologies ...
www.prnewswire.com - February 15 at 9:10 PM
finance.yahoo.com logoITT Inc. (ITT) Q4 Earnings & Revenues Beat Estimates in Q4
finance.yahoo.com - February 15 at 9:10 PM
reuters.com logoBRIEF-ITT Q4 GAAP earnings per share $0.27
www.reuters.com - February 15 at 12:25 AM
seekingalpha.com logoITT (ITT) Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 15 at 12:25 AM
us.rd.yahoo.com logoITT Reports 2016 Fourth-Quarter and Full-Year Results, 2017 Guidance
us.rd.yahoo.com - February 14 at 7:25 PM
biz.yahoo.com logoITT INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
us.rd.yahoo.com - February 14 at 7:25 PM
us.rd.yahoo.com logo6:48 am ITT Industries beats by $0.06, beats on revs; guides FY17 EPS below consensus, revs in-line
us.rd.yahoo.com - February 14 at 7:25 PM
sg.finance.yahoo.com logoITT tops Street 4Q forecasts
us.rd.yahoo.com - February 14 at 7:25 PM
biz.yahoo.com logoQ1 2017 ITT Inc Earnings Release - 06:45 am ET
us.rd.yahoo.com - February 14 at 7:25 PM
biz.yahoo.com logoITT Inc Earnings Call scheduled for 9:00 am ET today
biz.yahoo.com - February 14 at 7:24 PM
finance.yahoo.com logoITT Increases Quarterly Dividend to 12.8 Cents Per Share
finance.yahoo.com - February 14 at 7:24 PM
cnbc.com logoEarly movers: HUM, AET, GM, PLKI, DISCA, GNRC, ITT & more
www.cnbc.com - February 14 at 8:57 AM
seekingalpha.com logoMore on ITT's Q4
seekingalpha.com - February 14 at 8:31 AM
biz.yahoo.com logoITT Inc Earnings Call (Q1 2017)
biz.yahoo.com - February 14 at 12:03 AM
streetinsider.com logoAeterna Zentaris (AEZS) to Pursue FDA Registration of Macrilen
www.streetinsider.com - February 13 at 7:02 PM
finance.yahoo.com logoITT Inc. (ITT) Q4 Earnings: What's in Store for the Stock?
finance.yahoo.com - February 13 at 11:04 AM
finance.yahoo.com logoITT’s Cannon Brand Introduces High-Performance ARINC 801 Fiber Optic Connector Series
finance.yahoo.com - February 7 at 7:19 PM

Social

Frequently Asked Questions for ITT (NYSE:ITT)

What is ITT's stock symbol?

ITT trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITT."

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

ITT declared a quarterly dividend on Tuesday, February 14th. Shareholders of record on Monday, March 13th will be paid a dividend of $0.128 per share on Monday, April 3rd. This represents a $0.51 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from ITT's previous quarterly dividend of $0.12.

How were ITT's earnings last quarter?

ITT Inc. (NYSE:ITT) announced its quarterly earnings data on Tuesday, February, 14th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.06. The business earned $588 million during the quarter, compared to the consensus estimate of $551.89 million. ITT had a net margin of 7.93% and a return on equity of 15.41%. The company's quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share.

When will ITT make its next earnings announcement?

ITT is scheduled to release their next quarterly earnings announcement on Wednesday, February, 15th 2017.

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

ITT issued an update on its FY17 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of $2.18-2.48 for the period, compared to the Thomson Reuters consensus estimate of $2.48. The company issued revenue guidance of $2.357-$2.453 billion, compared to the consensus revenue estimate of $2.41 billion.

Where is ITT's stock going? Where will ITT's stock price be in 2017?

9 equities research analysts have issued 12-month price objectives for ITT's shares. Their predictions range from $40.00 to $50.00. On average, they anticipate ITT's share price to reach $46.00 in the next year.

What are analysts saying about ITT stock?

Here are some recent quotes from research analysts about ITT stock:

  • 1. Stifel Nicolaus analysts commented, "A reasonable and we think modestly conservative guide here with the main swing factor being primarily in ITT's short cycle pump business (which we think is more likely to be a bit better than a bit worse) with some potential upside from increasing rig count in ICS. Potential risks we see center primarily around rising input prices, mainly steel and copper. We believe IP and ICS will likely bottom in 2017 and while the voracity of any oil & gas recovery remains uncertain we expect significant growth in MT, benefits from carryover cost savings and price pressures to abate (well, at least be less of a headwind...) to drive ~20% EPS growth in 2018." (2/15/2017)
  • 2. According to Zacks Investment Research, "ITT Corp.’s third-quarter 2016 earnings came in line with the Zacks Consensus Estimate, however fell short of the year-ago tally. The bottom-line decline is largely attributable to higher tax rate and foreign currency headwinds. Moreover, tepid sales proved to be a drag. On the positive side, lucrative long-term platform wins, portfolio streamlining initiatives and diligent capital deployment strategies look promising and will likely help it combat macroeconomic challenges. Also, the recent announcement of Axtone acquisition looks promising for the growth of Motion Controls technology. However, factors including lower operating income, dismal sales and higher effective tax rate are proving to be a drag on the company’s financials. Going forward, softness in industrial as well as oil & gas markets will continue to affect client spending adversely, thus restricting the company’s growth to a great extent. " (11/18/2016)

Who owns ITT stock?

ITT's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Janus Capital Management LLC (3.06%), FMR LLC (2.68%), State Street Corp (2.58%), Dimensional Fund Advisors LP (1.73%), Allianz Asset Management AG (1.54%) and AQR Capital Management LLC (1.33%). Company insiders that own ITT stock include Aris C Chicles, Denise L Ramos, Geraud Darnis and Thomas M Scalera.

Who sold ITT stock? Who is selling ITT stock?

ITT's stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, AQR Capital Management LLC, Allianz Asset Management AG, Marshall Wace LLP, Two Sigma Investments LP, State Street Corp, Prudential PLC and Cipher Capital LP. Company insiders that have sold ITT stock in the last year include Aris C Chicles, Denise L Ramos and Thomas M Scalera.

Who bought ITT stock? Who is buying ITT stock?

ITT's stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Thompson Siegel & Walmsley LLC, Janus Capital Management LLC, Russell Investments Group Ltd., FMR LLC, Denver Investment Advisors LLC, Caxton Associates LP and Employees Retirement System of Texas.

How do I buy ITT stock?

Shares of ITT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of ITT stock cost?

One share of ITT stock can currently be purchased for approximately $39.26.

ITT (ITT) Chart for Saturday, March, 25, 2017

This page was last updated on 3/25/2017 by MarketBeat.com Staff