NYSE:ITT - ITT Stock Price, Forecast & News

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

ITT declared a quarterly dividend on Monday, February 24th. Shareholders of record on Monday, March 16th will be given a dividend of $0.169 per share on Monday, April 6th. This represents a $0.68 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from ITT's previous quarterly dividend of $0.15. View ITT's Dividend History.

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

ITT Inc (NYSE:ITT) released its earnings results on Friday, February, 21st. The conglomerate reported $0.99 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.92 by $0.07. The conglomerate earned $719.10 million during the quarter, compared to the consensus estimate of $717.17 million. ITT had a net margin of 11.42% and a return on equity of 17.11%. ITT's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. View ITT's Earnings History.

ITT is scheduled to release their next quarterly earnings announcement on Friday, May 1st 2020. View Earnings Estimates for ITT.

ITT updated its FY20 earnings guidance on Friday, February, 21st. The company provided earnings per share guidance of $3.90-4.10 for the period, compared to the Thomson Reuters consensus estimate of $3.99. The company issued revenue guidance of (2%) to 2% to $2.79-2.90 billion, compared to the consensus revenue estimate of $2.93 billion.

8 brokers have issued 12 month price objectives for ITT's stock. Their forecasts range from $60.00 to $85.00. On average, they expect ITT's share price to reach $76.00 in the next twelve months. This suggests a possible upside of 21.0% 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.

News headlines about ITT stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ITT earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the conglomerate a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for ITT.

ITT saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,160,000 shares, a decrease of 13.4% from the January 15th total of 1,340,000 shares. Based on an average trading volume of 610,100 shares, the short-interest ratio is currently 1.9 days. Currently, 1.3% of the shares of the 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), Graco (GGG), Snap-on (SNA), Gardner Denver (GDI), Woodward, Inc.Common Stock (WWD), Pentair (PNR), Donaldson (DCI) 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), NIC (EGOV), Precision Drilling (PD) and Och-Ziff Capital Management Group (OZM).

ITT's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (6.93%), Janus Henderson Group PLC (4.38%), Boston Partners (3.13%), State Street Corp (2.39%), Massachusetts Financial Services Co. MA (1.88%) and AQR Capital Management LLC (1.83%). 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 Goldman Sachs Group Inc., AQR Capital Management LLC, Massachusetts Financial Services Co. MA, State Street Corp, Bank of America Corp DE, Panagora Asset Management Inc., Oxford Asset Management LLP and Keeley Teton 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 purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Bowen Hanes & Co. Inc., FIL Ltd, Marshall Wace LLP, FMR LLC, Boston Partners, Los Angeles Capital Management & Equity Research Inc. and Marshall Wace North America L.P.. 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 $62.82.

ITT has a market capitalization of $5.51 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 10,000 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]