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NYSE:ITT

ITT (ITT) Stock Price, News & Analysis

ITT logo
$143.68 +1.15 (+0.81%)
(As of 12/20/2024 05:16 PM ET)

About ITT Stock (NYSE:ITT)

Key Stats

Today's Range
$140.52
$145.69
50-Day Range
$140.12
$159.70
52-Week Range
$113.70
$161.13
Volume
1.40 million shs
Average Volume
382,245 shs
Market Capitalization
$11.71 billion
P/E Ratio
24.52
Dividend Yield
0.88%
Price Target
$166.75
Consensus Rating
Moderate Buy

Company Overview

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. This segment sells its products under ITT Friction Technologies, KONI, Wolverine Advanced Materials, Axtone, Novitek, and GALT. brand names. The Industrial Process segment provides industrial pumps, valves, and plant optimization and remote monitoring systems and services; and aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, mining, and other industrial process markets. This segment sells its products under Goulds Pumps, Bornemann, Engineered Valves, PRO Services, C'treat, i-ALERT, Rheinhütte Pumpen, and Habonim brand names. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized products for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and energy. This segment provides connector products, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies; and control products consist of highly engineered actuation, flow control, energy absorption, environmental control, and composite component solutions for the aerospace, defense, and industrial markets under Cannon, VEAM, BIW Connector Systems, Aerospace Controls, Enidine, Compact Automation, Neo-Dyn Process Controls, Conoflow, and Micro-Mode brand names. The company was incorporated in 1920 and is headquartered in Stamford, Connecticut.

ITT Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
87th Percentile Overall Score

ITT MarketRank™: 

ITT scored higher than 87% of companies evaluated by MarketBeat, and ranked 7th out of 26 stocks in the multi-sector conglomerates sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ITT has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    ITT has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about ITT's stock forecast and price target.
  • Earnings Growth

    Earnings for ITT are expected to grow by 11.30% in the coming year, from $5.84 to $6.50 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ITT is 24.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.46.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ITT is 24.52, 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 12.05.

  • Price to Earnings Growth Ratio

    ITT has a PEG Ratio of 1.99. 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 4.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.65% of the float of ITT has been sold short.
  • Short Interest Ratio / Days to Cover

    ITT has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ITT has recently increased by 28.85%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    ITT has a dividend yield of 0.90%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    ITT does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of ITT is 21.67%. 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 19.54% next year. This indicates that ITT will be able to sustain or increase its dividend.

  • Read more about ITT's dividend.
  • Percentage of Shares Shorted

    1.65% of the float of ITT has been sold short.
  • Short Interest Ratio / Days to Cover

    ITT has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ITT has recently increased by 28.85%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    ITT has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Multi-Sector Conglomerates companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for ITT this week, compared to 11 articles on an average week.
  • MarketBeat Follows

    3 people have added ITT to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • 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 0.42% of the stock of ITT is held by insiders.

  • Percentage Held by Institutions

    91.59% of the stock of ITT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ITT's insider trading history.
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ITT Stock News Headlines

Short Interest in ITT Inc. (NYSE:ITT) Expands By 28.8%
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
ITT initiated with a Peer Perform at Wolfe Research
Is It Too Late To Consider Buying ITT Inc. (NYSE:ITT)?
See More Headlines

ITT Stock Analysis - Frequently Asked Questions

ITT's stock was trading at $119.32 on January 1st, 2024. Since then, ITT stock has increased by 20.4% and is now trading at $143.68.
View the best growth stocks for 2024 here
.

ITT Inc. (NYSE:ITT) issued its quarterly earnings data on Tuesday, October, 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.03. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year.

ITT's board initiated a stock buyback plan on Wednesday, October 4th 2023, which permits the company to buy back $1,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 12.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

ITT subsidiaries include these companies: Matrix Composites, Rheinhütte Pumpen Group, Axtone, Wolverine Automotive Holdings Inc., Hartzell Aerospace, ITT Bornemann GmbH, Blakers Pump Engineers, and more.

ITT's top institutional shareholders include FMR LLC (6.37%), State Street Corp (2.99%), Geode Capital Management LLC (1.68%) and Massachusetts Financial Services Co. MA (1.62%). Insiders that own company stock include Mary Elizabeth Gustafsson, Don Defosset, Maurine C Lembesis, Ryan F Flynn and Luca Savi.
View institutional ownership trends
.

Shares of ITT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that ITT investors own include Xtrackers California Municipal Bond ETF (CA), Hawkins (HWKN), BlackRock (BLK), Endologix (ELGX), Humana (HUM), Chipotle Mexican Grill (CMG) and American Water Works (AWK).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/03/2024
Dividend Payable
9/30/2024
Last Earnings
10/29/2024
Ex-Dividend for 12/31 Dividend
11/29/2024
Today
12/21/2024
Dividend Payable
12/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
45091120
Employees
10,600
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$166.75
High Stock Price Target
$183.00
Low Stock Price Target
$155.00
Potential Upside/Downside
+16.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$410.50 million
Pretax Margin
17.43%

Debt

Sales & Book Value

Annual Sales
$3.53 billion
Cash Flow
$6.15 per share
Book Value
$30.93 per share

Miscellaneous

Free Float
81,165,000
Market Cap
$11.71 billion
Optionable
Optionable
Beta
1.40

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This page (NYSE:ITT) was last updated on 12/21/2024 by MarketBeat.com Staff
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