ITT Inc. (NYSE:ITT) Declares $0.39 Quarterly Dividend

ITT Inc. (NYSE:ITT) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 8th will be paid a dividend of 0.386 per share by the conglomerate on Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, June 8th.

ITT has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 10 consecutive years. ITT has a payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ITT to earn $9.24 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 16.7%.

ITT Price Performance

NYSE:ITT traded up $4.52 during mid-day trading on Wednesday, reaching $217.21. 1,319,434 shares of the company were exchanged, compared to its average volume of 938,678. ITT has a 12 month low of $140.43 and a 12 month high of $225.26. The company has a fifty day moving average of $200.94 and a 200 day moving average of $189.57. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The stock has a market cap of $19.42 billion, a PE ratio of 35.55, a PEG ratio of 1.97 and a beta of 1.32.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. ITT had a net margin of 12.39% and a return on equity of 17.74%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The company’s revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, research analysts anticipate that ITT will post 7.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ITT shares. BMO Capital Markets assumed coverage on shares of ITT in a report on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. Stifel Nicolaus raised their target price on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 target price on shares of ITT in a research note on Friday, February 6th. Finally, Barclays reduced their target price on shares of ITT from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average target price of $225.55.

ITT Company Profile

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.