NYSE:ITTITT Stock Price, Forecast & News

ITT's stock was trading at $47.94 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ITT stock has increased by 20.3% and is now trading at $57.67. View which stocks have been most impacted by Coronavirus.

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.

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

ITT Inc (NYSE:ITT) issued its quarterly earnings results on Friday, May, 1st. The conglomerate reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. The conglomerate had revenue of $663.30 million for 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 business's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. View ITT's earnings history.

ITT declared a quarterly dividend on Friday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, June 12th. View ITT's dividend history.

ITT announced that its Board of Directors has initiated a stock repurchase plan on Friday, November 1st 2019, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 8.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

8 brokers have issued 12-month price objectives for ITT's stock. Their forecasts range from $52.00 to $81.00. On average, they expect ITT's stock price to reach $66.86 in the next year. This suggests a possible upside of 15.9% from the stock's current price. View analysts' price targets for ITT.

Press coverage about ITT stock has been trending negative on Sunday, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog 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 coverage optimism score of -2.2 on InfoTrie's scale. They also gave news stories about the conglomerate a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the near future. View the latest news about ITT.

ITT saw a decline in short interest in June. As of June 30th, there was short interest totaling 870,400 shares, a decline of 34.1% from the June 15th total of 1,320,000 shares. Based on an average daily trading volume, of 714,500 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.0% 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), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), IDEX (IEX), Ingersoll-Rand (IR), Xylem (XYL), 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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "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 $57.67.

ITT has a market capitalization of $4.98 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.

The official website for ITT is 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]