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

ITT (NYSE:ITT) posted its quarterly earnings data on Thursday. The conglomerate reported $1.50 EPS for the quarter, beating analysts’ consensus estimates 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 stock traded down $3.22 during midday trading on Thursday, reaching $146.30. 872,902 shares of the company’s stock traded hands, compared to its average volume of 366,800. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT has a fifty-two week low of $118.58 and a fifty-two week high of $161.13. The business has a 50-day moving average price of $148.24 and a two-hundred day moving average price of $144.77. The company has a market capitalization of $11.92 billion, a P/E ratio of 24.97, a PEG ratio of 1.81 and a beta of 1.41.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 an increase from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is 21.84%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ITT shares. Robert W. Baird decreased their price target 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. Citigroup lowered their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group boosted their price target on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. KeyCorp raised their price objective on ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, TD Cowen increased their target price on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $167.13.

ITT Company Profile

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.