ITT Inc. (NYSE:ITT) – Research analysts at William Blair raised their Q1 2021 earnings per share (EPS) estimates for ITT in a report issued on Monday, February 22nd. William Blair analyst N. Heymann now forecasts that the conglomerate will post earnings of $0.87 per share for the quarter, up from their prior estimate of $0.84. William Blair also issued estimates for ITT’s Q3 2021 earnings at $0.96 EPS, Q4 2021 earnings at $1.14 EPS, FY2021 earnings at $3.70 EPS and FY2022 earnings at $4.15 EPS.
ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, February 18th. The conglomerate reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. ITT had a net margin of 6.20% and a return on equity of 13.64%. The business had revenue of $708.60 million during the quarter, compared to analyst estimates of $657.72 million. During the same period last year, the firm posted $0.99 EPS. The company’s revenue was down 1.5% on a year-over-year basis.
Shares of ITT opened at $80.28 on Tuesday. ITT has a 1 year low of $35.41 and a 1 year high of $82.90. The company has a 50 day simple moving average of $79.12 and a two-hundred day simple moving average of $70.05. The firm has a market cap of $6.94 billion, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 2.92 and a beta of 1.54.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 5th. Investors of record on Wednesday, March 17th will be given a $0.22 dividend. The ex-dividend date is Tuesday, March 16th. This is an increase from ITT’s previous quarterly dividend of $0.17. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. ITT’s dividend payout ratio (DPR) is currently 17.85%.
In related news, insider Mary Elizabeth Gustafsson sold 18,585 shares of the firm’s stock in a transaction on Monday, December 14th. The stock was sold at an average price of $78.00, for a total value of $1,449,630.00. 0.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ITT. Berman Capital Advisors LLC lifted its position in ITT by 122.0% in the third quarter. Berman Capital Advisors LLC now owns 444 shares of the conglomerate’s stock worth $26,000 after buying an additional 244 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in ITT in the fourth quarter worth $28,000. CI Investments Inc. purchased a new stake in ITT in the third quarter worth $31,000. Sittner & Nelson LLC purchased a new stake in ITT in the fourth quarter worth $31,000. Finally, Smithfield Trust Co. increased its stake in ITT by 175.0% in the third quarter. Smithfield Trust Co. now owns 550 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 350 shares during the period. Institutional investors own 90.49% of the company’s stock.
ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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, light- and heavy-duty commercial and military vehicles, buses, and rail.
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