What is DA Davidson's Forecast for ITT Q4 Earnings?

ITT Inc. (NYSE:ITT - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 EPS estimates for ITT in a research report issued on Wednesday, October 30th. DA Davidson analyst M. Summerville forecasts that the conglomerate will earn $1.47 per share for the quarter. The consensus estimate for ITT's current full-year earnings is $5.84 per share.

Several other brokerages have also recently commented on ITT. Stifel Nicolaus lifted their price target on shares of ITT from $157.00 to $167.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. KeyCorp boosted their target price on shares of ITT from $155.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. TD Cowen upped their price objective on shares of ITT from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday. Robert W. Baird reduced their target price on shares of ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group increased their target price on shares of ITT from $150.00 to $166.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $157.78.

ITT Price Performance

Shares of ITT stock traded down $4.71 during mid-day trading on Thursday, reaching $140.12. 647,275 shares of the stock were exchanged, compared to its average volume of 386,273. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.92 and a beta of 1.40. ITT has a fifty-two week low of $91.94 and a fifty-two week high of $153.99. The firm has a 50-day simple moving average of $142.90 and a 200 day simple moving average of $136.12.

ITT (NYSE:ITT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 12.47% and a return on equity of 18.30%. ITT's revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.37 EPS.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, November 29th. ITT's dividend payout ratio is currently 24.90%.

Institutional Trading of ITT

Institutional investors have recently made changes to their positions in the stock. JB Capital LLC raised its holdings in ITT by 5.0% in the third quarter. JB Capital LLC now owns 11,155 shares of the conglomerate's stock worth $1,668,000 after purchasing an additional 527 shares in the last quarter. Radnor Capital Management LLC lifted its position in shares of ITT by 6.6% during the 3rd quarter. Radnor Capital Management LLC now owns 3,243 shares of the conglomerate's stock valued at $485,000 after buying an additional 200 shares in the last quarter. Marks Group Wealth Management Inc lifted its position in shares of ITT by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 64,094 shares of the conglomerate's stock valued at $9,583,000 after buying an additional 917 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of ITT during the 3rd quarter valued at about $2,572,000. Finally, Van ECK Associates Corp lifted its position in shares of ITT by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 51,996 shares of the conglomerate's stock valued at $7,513,000 after buying an additional 14,857 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Company Profile

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.