ITT (NYSE:ITT) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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

ITT Trading Down 2.2 %

ITT traded down $3.22 during trading on Thursday, reaching $146.30. 872,902 shares of the stock traded hands, compared to its average volume of 366,796. 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 stock 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. The stock’s 50-day moving average is $148.24 and its 200 day moving average is $144.77. ITT has a 12 month low of $118.58 and a 12 month high of $161.13.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be given a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.96%. This is a boost from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is 21.84%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wolfe Research started coverage on ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating for the company. TD Cowen increased their target price on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus dropped their price target on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, StockNews.com cut ITT from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.