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

ITT (NYSE:ITT) released its quarterly earnings results on Thursday. The conglomerate reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.02, Zacks reports. ITT had a net margin of 14.27% and a return on equity of 18.03%. ITT updated its FY 2025 guidance to 6.100-6.500 EPS.

ITT Stock Performance

Shares of ITT opened at $146.07 on Friday. The firm has a fifty day moving average of $147.84 and a 200-day moving average of $144.82. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.09 and a current ratio of 1.40. ITT has a 1 year low of $118.58 and a 1 year high of $161.13.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be given a $0.351 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 0.96%. ITT’s dividend payout ratio (DPR) is currently 20.32%.

Analysts Set New Price Targets

Several brokerages have weighed in on ITT. Wolfe Research initiated coverage on shares of ITT in a report on Wednesday, December 11th. They set a “peer perform” rating for the company. Stifel Nicolaus lowered their price objective on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th. Robert W. Baird cut their price objective on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. 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. Finally, StockNews.com lowered ITT from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.38.

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.