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 0.80%. The ex-dividend date is Friday, December 6th. View ITT's Dividend History.

ITT announced that its board has approved a stock repurchase plan on Friday, November 1st 2019, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

ITT Inc (NYSE:ITT) released its quarterly earnings results on Friday, November, 1st. The conglomerate reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $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 updated 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 EPS estimate of $3.61.

8 analysts have issued twelve-month target prices for ITT's stock. Their forecasts range from $60.00 to $82.00. On average, they anticipate ITT's stock price to reach $75.29 in the next year. This suggests a possible upside of 2.5% from the stock's current price. View Analyst Price Targets for ITT.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ITT in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for ITT.

Press coverage about ITT stock has been trending extremely negative this week, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ITT earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave news stories about the conglomerate a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock's share price in the near term. View News Stories for ITT.

ITT saw a decrease in short interest in December. As of December 31st, there was short interest totalling 1,340,000 shares, a decrease of 17.8% from the December 15th total of 1,630,000 shares. Based on an average daily volume of 591,500 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.5% of the company's stock 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), Gardner Denver (GDI), Donaldson (DCI) and Flowserve (FLS).

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), NIC (EGOV), Precision Drilling (PD) and Och-Ziff Capital Management Group (OZM).

ITT's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.54%), Tributary Capital Management LLC (0.03%), Nisa Investment Advisors LLC (0.02%), State of Alaska Department of Revenue (0.02%), Cerebellum GP LLC (0.01%) and Huntington National Bank (0.00%). Company insiders that own ITT stock include Denise L Ramos, Farrokh Batliwala, Frank T Macinnis, Mary Elizabeth Gustafsson, Orlando D Ashford, 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 Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Tributary Capital Management LLC and Nisa Investment Advisors LLC. Company insiders that have sold ITT company stock in the last year include Farrokh Batliwala, Frank T Macinnis, Mary Elizabeth Gustafsson, Orlando D Ashford 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 Allworth Financial LP, Huntington National Bank and Cerebellum GP 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 $73.44.

ITT has a market capitalization of $6.44 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]