ITT (NYSE:ITT) Posts Earnings Results, Beats Expectations By $0.02 EPS

ITT (NYSE:ITT) posted its quarterly earnings results on Thursday. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Trading Down 2.2 %

Shares of ITT stock traded down $3.22 during trading on Thursday, hitting $146.30. The stock had a trading volume of 872,902 shares, compared to its average volume of 366,800. ITT has a 1 year low of $118.58 and a 1 year high of $161.13. The stock has a 50 day simple moving average of $148.24 and a 200 day simple moving average of $144.77. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $11.92 billion, a PE ratio of 24.97, a P/E/G ratio of 1.81 and a beta of 1.41.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be issued a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.96%. This is a boost from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio (DPR) is presently 21.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ITT shares. Robert W. Baird cut their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus cut their price objective on ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup decreased their target price on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. StockNews.com lowered ITT from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, KeyCorp lifted their price objective on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.13.

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.