ITT Stock Price, Forecast & Analysis (NYSE:ITT)

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

ITT announced a quarterly dividend on Thursday, October 10th. Investors 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 yield of 0.86%. The ex-dividend date of this dividend is Friday, December 6th. View ITT's Dividend History.

ITT announced that its Board of Directors has approved a stock buyback program on Friday, November 1st 2019, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

ITT Inc (NYSE:ITT) released its quarterly earnings data on Friday, November, 1st. The conglomerate reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.07. The conglomerate had revenue of $711.90 million for the quarter, compared to the consensus estimate of $707.57 million. ITT had a net margin of 11.00% and a return on equity of 16.92%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company 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 EPS estimate of $3.61.

5 equities research analysts have issued twelve-month target prices for ITT's shares. Their forecasts range from $60.00 to $75.00. On average, they expect ITT's stock price to reach $69.20 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Price Targets for ITT.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ITT in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for ITT.

Media coverage about ITT stock has been trending very negative this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ITT earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave media stories about the conglomerate a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for ITT.

ITT saw a drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,450,000 shares, a drop of 11.0% from the September 15th total of 1,630,000 shares. Based on an average daily trading volume, of 518,300 shares, the short-interest ratio is currently 2.8 days. Approximately 1.7% of the shares of the company 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), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), Woodward, Inc.Common Stock (WWD) 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 many different of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.99%), Paradice Investment Management LLC (1.69%), Gabelli Funds LLC (0.61%), Gamco Investors INC. ET AL (0.58%), Wedge Capital Management L L P NC (0.55%) and Chartwell Investment Partners LLC (0.43%). Company insiders that own ITT stock include Denise L Ramos, Farrokh Batliwala, 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 Gamco Investors INC. ET AL, First Trust Advisors LP, State of New Jersey Common Pension Fund D, SeaBridge Investment Advisors LLC, Artemis Investment Management LLP, New York State Teachers Retirement System, Chartwell Investment Partners LLC and Cerebellum GP LLC. Company insiders that have sold ITT company stock in the last year include Farrokh Batliwala and Thomas M Scalera. View Insider Buying and Selling for ITT.

ITT stock was purchased by a variety of institutional investors in the last quarter, including Paradice Investment Management LLC, Wedge Capital Management L L P NC, Massachusetts Financial Services Co. MA, California Public Employees Retirement System, State of Tennessee Treasury Department, TimesSquare Capital Management LLC, Alberta Investment Management Corp and SG Americas Securities 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 $68.73.

ITT has a market capitalization of $6.03 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]