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NYSE:ITT

ITT - ITT Stock Forecast, Price & News

$82.91
-0.24 (-0.29%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$82.07
$83.22
50-Day Range
$64.33
$83.15
52-Week Range
$63.77
$105.54
Volume
357,456 shs
Average Volume
615,252 shs
Market Capitalization
$6.86 billion
P/E Ratio
20.83
Dividend Yield
1.27%
Price Target
$90.20

ITT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
8.8% Upside
$90.20 Price Target
Short Interest
Healthy
1.30% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.71
Upright™ Environmental Score
News Sentiment
0.37mentions of ITT in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$262,732 Sold Last Quarter
Proj. Earnings Growth
15.38%
From $4.42 to $5.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Multi-Sector Conglomerates Sector

9th out of 13 stocks

Pumps & Pumping Equipment Industry

5th out of 7 stocks

ITT stock logo

About ITT (NYSE:ITT) Stock

ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization and remote monitoring systems and services; and centrifugal and twin screw positive displacement pumps, as well as aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, mining, and other industrial process markets. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized control components for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and energy. This segment's connector product portfolio includes electrical connectors, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies, as well as control products consist of actuators, valves, and pumps and switches for flow control applications; rate controls, seat recline locks, and elastomer isolators for aircraft interiors; elastomeric bearings for rotorcraft vibration isolation; heaters, hoses, and composite ducting for environmental control systems; and advanced composites for engine applications. ITT Inc. was incorporated in 1920 and is headquartered in White Plains, New York.

ITT Trading Up 1.7 %

Shares of NYSE:ITT traded up $1.43 during mid-day trading on Friday, reaching $83.15. The company had a trading volume of 274,497 shares, compared to its average volume of 431,464. ITT has a 52-week low of $63.77 and a 52-week high of $105.54. The stock has a market cap of $6.88 billion, a P/E ratio of 20.89, a PEG ratio of 1.54 and a beta of 1.47. The firm has a 50 day simple moving average of $70.74 and a two-hundred day simple moving average of $75.56.

ITT (NYSE:ITT - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The conglomerate reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. ITT had a net margin of 12.01% and a return on equity of 16.13%. The company had revenue of $733.30 million for the quarter, compared to the consensus estimate of $715.19 million. During the same period last year, the firm posted $0.94 EPS. ITT's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts expect that ITT will post 4.42 EPS for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 2nd will be given a dividend of $0.264 per share. This represents a $1.06 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, September 1st. ITT's payout ratio is currently 26.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a report on Friday, August 5th. Cowen reduced their target price on shares of ITT from $105.00 to $92.00 in a report on Monday, June 13th. TheStreet lowered shares of ITT from a "b-" rating to a "c+" rating in a report on Monday, July 11th. Robert W. Baird reduced their price objective on shares of ITT from $90.00 to $84.00 in a report on Wednesday, May 4th. Finally, DA Davidson reduced their price objective on shares of ITT from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, June 21st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.20.

Insiders Place Their Bets

In other news, SVP Mary Elizabeth Gustafsson sold 3,206 shares of ITT stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $81.95, for a total value of $262,731.70. Following the sale, the senior vice president now owns 53,477 shares of the company's stock, valued at $4,382,440.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

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ITT Stock News Headlines

ITT (NYSE:ITT) Lifted to "Buy" at StockNews.com
ITT Q2 2022 Earnings Preview - Seeking Alpha
ITT (ITT) Scheduled to Post Earnings on Thursday
See More Headlines
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ITT Company Calendar

Ex-Dividend for 7/5 Dividend
6/16/2022
Dividend Payable
7/05/2022
Last Earnings
8/04/2022
Today
8/15/2022
Ex-Dividend for 10/3 Dividend
9/01/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
45091120
Employees
9,900
Year Founded
1920

Price Target and Rating

Average Stock Price Forecast
$90.20
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$74.00
Forecasted Upside/Downside
+8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$316.30 million
Pretax Margin
14.45%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$5.40 per share
Book Value
$26.06 per share

Miscellaneous

Free Float
82,287,000
Market Cap
$6.86 billion
Optionable
Optionable
Beta
1.47

Social Links


Key Executives

  • Mr. Luca Savi (Age 56)
    CEO, Pres & Director
  • Mr. Emmanuel Caprais (Age 47)
    Sr. VP & CFO
    Comp: $988.33k
  • Ms. Mary Elizabeth Gustafsson (Age 62)
    Sr. VP & Gen. Counsel
  • Mr. Ryan F. Flynn (Age 51)
    Sr. VP & Pres of Connect and Control Technologies
    Comp: $910.3k
  • Mr. Davide Barbon (Age 52)
    Sr. VP & Pres of Asia Pacific
    Comp: $1.02M
  • Mr. John Capela (Age 42)
    VP & Chief Accounting Officer
  • Mr. Mark Macaluso
    VP of Investor Relations
  • Ms. Kristen W. Prohl J.D.
    VP, Deputy Gen. Counsel, Chief Compliance Officer & Corp. Sec.
  • Ms. Maurine C. Lembesis (Age 55)
    Chief HR Officer & Sr. VP
  • Mr. Carlo Ghirardo (Age 51)
    Sr. VP & Pres of Motion Technologies













ITT Stock - Frequently Asked Questions

Should I buy or sell ITT stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ITT in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ITT shares.
View ITT analyst ratings
or view top-rated stocks.

What is ITT's stock price forecast for 2022?

10 equities research analysts have issued 1-year target prices for ITT's stock. Their ITT share price forecasts range from $74.00 to $100.00. On average, they expect the company's share price to reach $90.20 in the next year. This suggests a possible upside of 8.8% 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 2022?

ITT's stock was trading at $102.19 at the start of the year. Since then, ITT stock has decreased by 18.9% and is now trading at $82.91.
View the best growth stocks for 2022 here
.

Are investors shorting ITT?

ITT saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 943,700 shares, a decline of 22.0% from the June 15th total of 1,210,000 shares. Based on an average daily volume of 687,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.1% of the shares of the company are short sold.
View ITT's Short Interest
.

When is ITT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ITT earnings forecast
.

How were ITT's earnings last quarter?

ITT Inc. (NYSE:ITT) issued its earnings results on Thursday, August, 4th. The conglomerate reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.02. The conglomerate earned $733.30 million during the quarter, compared to the consensus estimate of $715.19 million. ITT had a trailing twelve-month return on equity of 16.13% and a net margin of 12.01%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share.

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

ITT announced a quarterly dividend on Tuesday, August 2nd. Stockholders of record on Friday, September 2nd will be given a dividend of $0.264 per share on Monday, October 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, September 1st.
Read our dividend analysis for ITT
.

Is ITT a good dividend stock?

ITT (NYSE:ITT) pays an annual dividend of $1.06 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITT will have a dividend payout ratio of 20.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ITT.

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

ITT updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $4.35-$4.65 for the period, compared to the consensus estimate of $4.36. The company issued revenue guidance of $2.96 billion-$3.01 billion, compared to the consensus revenue estimate of $2.97 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?
What is ITT's stock symbol?

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

Who are ITT's major shareholders?

ITT's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (9.09%), JPMorgan Chase & Co. (7.37%), Massachusetts Financial Services Co. MA (1.98%), Paradice Investment Management LLC (1.30%), Ceredex Value Advisors LLC (1.06%) and Millennium Management LLC (0.96%). Insiders that own company stock include Farrokh Batliwala, Frank T Macinnis, Luca Savi, Mary Elizabeth Gustafsson, Orlando D Ashford and Orlando D Ashford.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ITT's stock price today?

One share of ITT stock can currently be purchased for approximately $82.91.

How much money does ITT make?

ITT (NYSE:ITT) has a market capitalization of $6.86 billion and generates $2.77 billion in revenue each year. The conglomerate earns $316.30 million in net income (profit) each year or $3.98 on an earnings per share basis.

How many employees does ITT have?

The company employs 9,900 workers across the globe.

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.
Read More
When was ITT founded?

ITT was founded in 1920.

How can I contact ITT?

ITT's mailing address is 1133 WESTCHESTER AVENUE, WHITE PLAINS NY, 10604. The official website for the company is www.itt.com. The conglomerate can be reached via phone at (914) 641-2000, via email at michele.andrle@itt.com, or via fax at 914-696-2950.

This page (NYSE:ITT) was last updated on 8/15/2022 by MarketBeat.com Staff

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