NYSE:ITT - ITT Stock Price, Forecast & News

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

ITT announced a quarterly dividend on Thursday, October 10th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.147 per share on Monday, December 30th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, December 6th. View ITT's Dividend History.

ITT declared that its board has initiated a stock repurchase program on Friday, November 1st 2019, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

ITT Inc (NYSE:ITT) issued its quarterly earnings results on Friday, November, 1st. The conglomerate reported $0.97 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.90 by $0.07. The conglomerate had revenue of $711.90 million for the quarter, compared to analysts' expectations of $707.57 million. ITT had a return on equity of 16.92% and a net margin of 11.00%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. View ITT's Earnings History.

ITT is scheduled to release their next quarterly earnings announcement on Friday, February 28th 2020. View Earnings Estimates for ITT.

ITT issued an update on its FY19 earnings guidance on Friday, November, 1st. The company provided earnings per share (EPS) guidance of $3.73-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.61.

6 Wall Street analysts have issued 12-month price objectives for ITT's stock. Their forecasts range from $60.00 to $80.00. On average, they expect ITT's stock price to reach $72.67 in the next year. This suggests a possible upside of 2.0% from the stock's current price. View Analyst Price Targets for ITT.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ITT in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for ITT.

News articles about ITT stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. ITT earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned news stories about the conglomerate a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for ITT.

ITT saw a drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,240,000 shares, a drop of 14.5% from the October 31st total of 1,450,000 shares. Based on an average trading volume of 550,900 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.4% of the company's stock are sold short. View ITT's Current Options Chain.

Some companies that are related to ITT include Illinois Tool Works (ITW), Ingersoll-Rand (IR), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Woodward, Inc.Common Stock (WWD), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI) and Middleby (MIDD).

Based on aggregate information from My MarketBeat watchlists, some companies that other ITT investors own include CA (CA), Hawkins (HWKN), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), Precision Drilling (PD), NIC (EGOV) and Och-Ziff Capital Management Group (OZM).

ITT's stock is owned by a number of of retail and institutional investors. Top institutional investors include Boston Partners (3.02%), State Street Corp (2.50%), Massachusetts Financial Services Co. MA (1.99%), Paradice Investment Management LLC (1.69%), Gabelli Funds LLC (0.61%) and Gamco Investors INC. ET AL (0.58%). Company insiders that own ITT stock include Denise L Ramos, Farrokh Batliwala, Frank T Macinnis, Mary Elizabeth Gustafsson, Steven C Giuliano, Thomas M Scalera and Victoria L Creamer. View Institutional Ownership Trends for ITT.

ITT stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Squarepoint Ops LLC, Keeley Teton Advisors LLC, Gamco Investors INC. ET AL, First Trust Advisors LP, State Street Corp, Man Group plc and Castleark Management LLC. Company insiders that have sold ITT company stock in the last year include Farrokh Batliwala, Frank T Macinnis, Mary Elizabeth Gustafsson and Thomas M Scalera. View Insider Buying and Selling for ITT.

ITT stock was bought by a variety of institutional investors in the last quarter, including Paradice Investment Management LLC, Millennium Management LLC, Wedge Capital Management L L P NC, Massachusetts Financial Services Co. MA, California Public Employees Retirement System, State of Tennessee Treasury Department, Voya Investment Management LLC and TimesSquare Capital Management LLC. View Insider Buying and Selling for ITT.

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

One share of ITT stock can currently be purchased for approximately $71.24.

ITT has a market capitalization of $6.25 billion and generates $2.75 billion in revenue each year. The conglomerate earns $333.70 million in net income (profit) each year or $3.23 on an earnings per share basis. ITT employs 10,000 workers across the globe.View Additional Information About ITT.

The official website for ITT is http://www.itt.com/.

ITT's mailing address is 1133 WESTCHESTER AVENUE, WHITE PLAINS NY, 10604. The conglomerate can be reached via phone at 914-641-2000 or via email at [email protected]