ITT (NYSE:ITT) Releases Earnings Results

ITT (NYSE:ITT) issued its earnings results on Thursday. The conglomerate reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.02, Zacks reports. ITT had a net margin of 13.67% and a return on equity of 17.98%. ITT updated its FY 2025 guidance to 6.100-6.500 EPS.

ITT Stock Up 0.6 %

ITT traded up $0.94 during midday trading on Friday, hitting $147.33. 194,972 shares of the company’s stock traded hands, compared to its average volume of 359,404. ITT has a one year low of $118.58 and a one year high of $161.13. The company has a market cap of $12.01 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.81 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. The stock’s fifty day simple moving average is $148.05 and its 200-day simple moving average is $144.78.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be issued a dividend of $0.351 per share. This is a boost from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 0.95%. ITT’s dividend payout ratio (DPR) is currently 22.22%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. KeyCorp raised their price objective on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. TD Cowen raised their price objective on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday. Finally, Robert W. Baird decreased their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, ITT presently has an average rating of “Moderate Buy” and an average 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.