What is DA Davidson’s Estimate for ITT Q1 Earnings?

ITT Inc. (NYSE:ITT) – Equities research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of ITT in a research note issued on Tuesday, February 18th. DA Davidson analyst M. Summerville expects that the conglomerate will earn $1.44 per share for the quarter. The consensus estimate for ITT’s current full-year earnings is $6.39 per share. DA Davidson also issued estimates for ITT’s FY2025 earnings at $7.00 EPS.

Other research analysts have also issued reports about the stock. TD Cowen upped their target price on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus reduced their target price on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Wolfe Research assumed coverage on shares of ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating on the stock. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, KeyCorp increased 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.38.

ITT Price Performance

NYSE:ITT opened at $149.61 on Wednesday. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.41. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is $146.68 and its two-hundred day moving average is $145.32. ITT has a 12-month low of $121.01 and a 12-month high of $161.13.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%.

ITT Increases Dividend

The firm 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 $0.351 dividend. This is a positive change from ITT’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. This represents a $1.40 annualized dividend and a yield of 0.94%. ITT’s dividend payout ratio (DPR) is presently 20.32%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. M&T Bank Corp raised its holdings in ITT by 1.3% in the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock valued at $797,000 after buying an additional 69 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in ITT by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate’s stock valued at $1,641,000 after buying an additional 81 shares during the period. CIBC Asset Management Inc raised its holdings in ITT by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after buying an additional 87 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in ITT by 13.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate’s stock valued at $107,000 after buying an additional 87 shares during the period. Finally, Round Rock Advisors LLC raised its holdings in ITT by 0.4% in the third quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock valued at $3,038,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.