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

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

ITT declared a quarterly dividend on Thursday, October 10th. Shareholders 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 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 6th. View ITT's Dividend History.

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

ITT Inc (NYSE:ITT) issued its quarterly earnings data on Friday, November, 1st. The conglomerate reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.07. The conglomerate had revenue of $711.90 million for the quarter, compared to analyst estimates of $707.57 million. ITT had a net margin of 11.00% and a return on equity of 16.92%. ITT's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. 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 guidance of $3.73-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.61.

5 Wall Street analysts have issued 1 year price targets for ITT's shares. Their forecasts range from $60.00 to $75.00. On average, they anticipate ITT's stock price to reach $69.20 in the next year. This suggests that the stock has a possible downside of 0.1%. 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 negative on Sunday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. 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 news sentiment score of -2.5 on InfoTrie's scale. They also gave news articles about the conglomerate a news buzz of 10.0 out of 10, indicating that recent media 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 decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,450,000 shares, a decline 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 days-to-cover ratio is currently 2.8 days. Currently, 1.7% of the company's shares are short sold. 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), Woodward, Inc.Common Stock (WWD), 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 many different of institutional and retail investors. Top institutional shareholders 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 bought 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 $69.29.

ITT has a market capitalization of $6.08 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]