ITT (NYSE:ITT) Issues Quarterly Earnings Results

ITT (NYSE:ITT - Get Free Report) released its earnings results on Thursday. The conglomerate reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.02, Zacks reports. ITT had a net margin of 14.27% and a return on equity of 18.03%. ITT updated its FY 2025 guidance to 6.100-6.500 EPS.

ITT Price Performance

Shares of ITT traded up $1.41 on Monday, hitting $147.47. The company's stock had a trading volume of 519,456 shares, compared to its average volume of 381,918. The company has a 50 day moving average price of $147.67 and a 200 day moving average price of $144.96. ITT has a fifty-two week low of $118.95 and a fifty-two week high of $161.13. The company has a market capitalization of $12.02 billion, a PE ratio of 23.41, a PEG ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 1.09.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be paid a $0.351 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from ITT's previous quarterly dividend of $0.32. ITT's payout ratio is 20.32%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ITT shares. Robert W. Baird decreased their price objective on ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Citigroup lowered their price target on shares of ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a report on Monday, January 13th. KeyCorp raised their price objective on shares of ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Wolfe Research started coverage on shares of ITT in a research note on Wednesday, December 11th. They issued a "peer perform" rating on the stock. Finally, UBS Group raised their price target on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.38.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. 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.