NYSE:ITTITT Stock Price, Forecast & News

$58.81

-1.38 (-2.29 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$58.70

Now: $58.81▼

$60.83

50-Day Range

$46.61

MA: $50.86▼

$60.19

52-Week Range

$35.41

Now: $58.81▼

$75.56

Volume743,000 shs

Average Volume853,100 shs

Market Capitalization$5.08 billion

P/E Ratio15.40

Dividend Yield1.16%

Beta1.59

ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures braking pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses, and rail. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, twin screw and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services. It serves various customers in industries, such as chemical, oil and gas, 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, defense, industrial, transportation, medical, and oil and gas. The connector product portfolio includes electrical connectors, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies; and control products consist of fuel and water pumps, valves, electro-mechanical rotary and linear actuators, and pressure, temperature, limit, and flow switches for various aircraft systems. ITT Inc. was founded in 1920 and is headquartered in White Plains, New York.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
ITT has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $66.86, ITT has a potential upside of 13.7% from its current price of $58.81.
Amount of Analyst Coverage
ITT has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
ITT has received 383 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
ITT has received 589 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
ITT has received 60.60% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about ITT and other stocks. Vote “Outperform” if you believe ITT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ITT will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
ITT is a leading dividend payer. It pays a dividend yield of 1.16%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ITT has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of ITT is 17.85 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ITT will have a dividend payout ratio of 22.22 % next year. This indicates that ITT will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ITT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.50% of the stock of ITT is held by insiders.
Percentage Held by Institutions
91.09% of the stock of ITT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for ITT are expected to grow by 20.47% in the coming year, from $2.54 to $3.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ITT is 15.40, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of ITT is 15.40, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 10.98.
Price to Earnings Growth Ratio
ITT has a PEG Ratio of 3.42. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ITT has a P/B Ratio of 2.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.36 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Pumps & pumping equipment

Sub-IndustryIndustrial Machinery

SectorMulti-Sector Conglomerates

Current SymbolNYSE:ITT

Previous Symbol

CUSIP45091120

CIK216228

Webwww.itt.com

Phone914-641-2000

Debt

Debt-to-Equity RatioN/A

Current Ratio1.76

Quick Ratio1.41

Price-To-Earnings

Trailing P/E Ratio15.40

Forward P/E Ratio23.15

P/E Growth3.42

Sales & Book Value

Annual Sales$2.85 billion

Price / Sales1.78

Cash Flow$5.02 per share

Price / Cash Flow11.71

Book Value$23.36 per share

Price / Book2.52

Profitability

EPS (Most Recent Fiscal Year)$3.81

Net Income$325.10 million

Net Margins12.03%

Return on Equity16.26%

Return on Assets7.92%

Miscellaneous

Employees10,500

Outstanding Shares86,300,000

Market Cap$5.08 billion

Next Earnings Date8/7/2020 (Estimated)

OptionableOptionable

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ITT (NYSE:ITT) Frequently Asked Questions

How has ITT's stock been impacted by COVID-19 (Coronavirus)?

ITT's stock was trading at $47.94 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ITT stock has increased by 22.7% and is now trading at $58.81. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is ITT's next earnings date?

ITT is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for ITT.

How were ITT's earnings last quarter?

ITT Inc (NYSE:ITT) issued its earnings results on Friday, May, 1st. The conglomerate reported $0.80 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.06. The conglomerate earned $663.30 million during the quarter, compared to analyst estimates of $631.89 million. ITT had a net margin of 12.03% and a return on equity of 16.26%. The company's revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. View ITT's earnings history.

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

ITT declared a quarterly dividend on Friday, May 15th. Investors of record on Monday, June 15th will be given a dividend of $0.169 per share on Monday, July 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, June 12th. View ITT's dividend history.

How will ITT's stock buyback program work?

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

What price target have analysts set for ITT?

8 Wall Street analysts have issued 1-year price objectives for ITT's shares. Their forecasts range from $52.00 to $81.00. On average, they anticipate ITT's stock price to reach $66.86 in the next year. This suggests a possible upside of 13.7% from the stock's current price. View analysts' price targets for ITT.

Has ITT been receiving favorable news coverage?

News headlines about ITT stock have been trending neutral this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. ITT earned a news sentiment score of 0.5 on InfoTrie's scale. They also assigned news articles about the conglomerate a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutITT.

Are investors shorting ITT?

ITT saw a decline in short interest in April. As of April 30th, there was short interest totaling 1,190,000 shares, a decline of 27.9% from the April 15th total of 1,650,000 shares. Based on an average trading volume of 938,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.4% of the company's stock are short sold. View ITT's Current Options Chain.

Who are some of ITT's key competitors?

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

What other stocks do shareholders of ITT own?

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).

Who are ITT's key executives?

ITT's management team includes the following people:

Mr. Luca Savi, CEO, Pres & Director (Age 53)
Mr. Thomas M. Scalera, Exec. VP & CFO (Age 47)
Ms. Mary Elizabeth Gustafsson, Sr. VP, Gen. Counsel & Chief Compliance Officer (Age 59)
Mr. John Capela, VP & Chief Accounting Officer (Age 39)
Ms. Jessica Kourakos, Head of Investor Relations

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.89%), JPMorgan Chase & Co. (5.24%), Janus Henderson Group PLC (3.52%), State Street Corp (2.50%), Invesco Ltd. (2.09%) and Paradice Investment Management LLC (1.79%). Company insiders that own ITT stock include Farrokh Batliwala, Frank T Macinnis, Mary Elizabeth Gustafsson, Orlando D Ashford and Thomas M Scalera. View institutional ownership trends for ITT.

Which major investors are selling ITT stock?

ITT stock was sold by a variety of institutional investors in the last quarter, including Eaton Vance Management, Janus Henderson Group PLC, Scopus Asset Management L.P., Wellington Management Group LLP, AQR Capital Management LLC, Invesco Ltd., Massachusetts Financial Services Co. MA, and Cinctive Capital Management LP. Company insiders that have sold ITT company stock in the last year include Farrokh Batliwala, Frank T Macinnis, Mary Elizabeth Gustafsson, and Orlando D Ashford. View insider buying and selling activity for ITT.

Which major investors are buying ITT stock?

ITT stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Victory Capital Management Inc., Victory Capital Management Inc., Alliancebernstein L.P., Silvercrest Asset Management Group LLC, Wells Fargo & Company MN, TimesSquare Capital Management LLC, and Deutsche Bank AG. View insider buying and selling activity for ITT.

How do I buy shares of 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.

What is ITT's stock price today?

One share of ITT stock can currently be purchased for approximately $58.81.

How big of a company is ITT?

ITT has a market capitalization of $5.08 billion and generates $2.85 billion in revenue each year. The conglomerate earns $325.10 million in net income (profit) each year or $3.81 on an earnings per share basis. ITT employs 10,500 workers across the globe.

What is ITT's official website?

The official website for ITT is www.itt.com.

How can I contact ITT?

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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff