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NYSE:ITT

ITT (ITT) Stock Price, News & Analysis

$119.32
-0.96 (-0.80%)
(As of 12/29/2023 ET)
Today's Range
$119.04
$121.19
50-Day Range
$92.13
$120.52
52-Week Range
$75.82
$121.19
Volume
221,100 shs
Average Volume
373,258 shs
Market Capitalization
$9.80 billion
P/E Ratio
22.77
Dividend Yield
0.97%
Price Target
$117.43

ITT MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
1.6% Downside
$117.43 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.27mentions of ITT in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.30 M Sold Last Quarter
Proj. Earnings Growth
11.71%
From $5.21 to $5.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Multi-Sector Conglomerates Sector

13th out of 18 stocks

Pumps & Pumping Equipment Industry

5th out of 7 stocks


ITT stock logo

About ITT Stock (NYSE:ITT)

ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization and remote monitoring systems and services; and aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, mining, and other industrial process markets. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized control components for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and energy. This segment provides connector products, including electrical connectors, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies; and control products consists of highly engineered actuation, flow control, energy absorption, environmental control, and composite component solutions for the aerospace, defense, and industrial markets. ITT Inc. was incorporated in 1920 and is headquartered in Stamford, Connecticut.

ITT Stock Price History

ITT Stock News Headlines

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Hoover names Auburn lecturer to city CFO role
ITT: Looking More Than Fair After A Big Re-Rating
ITT (NYSE:ITT) Hits New 52-Week High After Analyst Upgrade
The Nigerian Hit Movie That Broke Netflix
CIBC economist says ‘The era of easy profits is over’
See More Headlines
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Company Calendar

Ex-Dividend for 10/2 Dividend
8/31/2023
Dividend Payable
10/02/2023
Last Earnings
11/02/2023
Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Today
12/31/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
45091120
Employees
10,300
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$117.43
High Stock Price Target
$134.00
Low Stock Price Target
$105.00
Potential Upside/Downside
-1.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$367 million
Pretax Margin
17.01%

Debt

Sales & Book Value

Annual Sales
$2.99 billion
Cash Flow
$5.79 per share
Book Value
$27.30 per share

Miscellaneous

Free Float
81,607,000
Market Cap
$9.80 billion
Optionable
Optionable
Beta
1.42

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Key Executives















ITT Stock Analysis - Frequently Asked Questions

Should I buy or sell ITT stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ITT in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ITT shares.
View ITT analyst ratings
or view top-rated stocks.

What is ITT's stock price target for 2024?

7 brokerages have issued 12 month target prices for ITT's shares. Their ITT share price targets range from $105.00 to $134.00. On average, they predict the company's share price to reach $117.43 in the next year. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for ITT
or view top-rated stocks among Wall Street analysts.

How have ITT shares performed in 2023?

ITT's stock was trading at $81.10 on January 1st, 2023. Since then, ITT stock has increased by 47.1% and is now trading at $119.32.
View the best growth stocks for 2023 here
.

Are investors shorting ITT?

ITT saw a increase in short interest in December. As of December 15th, there was short interest totaling 1,030,000 shares, an increase of 26.0% from the November 30th total of 817,200 shares. Based on an average trading volume of 422,300 shares, the short-interest ratio is currently 2.4 days. Approximately 1.3% of the shares of the company are short sold.
View ITT's Short Interest
.

When is ITT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our ITT earnings forecast
.

How were ITT's earnings last quarter?

ITT Inc. (NYSE:ITT) released its quarterly earnings data on Thursday, November, 2nd. The conglomerate reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.10. The conglomerate earned $822.10 million during the quarter, compared to the consensus estimate of $809.87 million. ITT had a net margin of 13.45% and a trailing twelve-month return on equity of 18.30%.

How often does ITT pay dividends? What is the dividend yield for ITT?

ITT declared a quarterly dividend on Tuesday, October 31st. Stockholders of record on Friday, December 1st will be given a dividend of $0.29 per share on Friday, December 29th. This represents a $1.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for ITT
.

Is ITT a good dividend stock?

ITT (NYSE:ITT) pays an annual dividend of $1.16 per share and currently has a dividend yield of 0.97%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITT will have a dividend payout ratio of 19.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ITT.

How will ITT's stock buyback program work?

ITT declared that its board has authorized a share buyback plan on Wednesday, October 4th 2023, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 12.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its stock is undervalued.

What guidance has ITT issued on next quarter's earnings?

ITT issued an update on its FY23 earnings guidance on Thursday, November, 2nd. The company provided earnings per share guidance of $5.15-5.21 for the period, compared to the consensus EPS estimate of $5.09. The company issued revenue guidance of ~$3.26 billion, compared to the consensus revenue estimate of $3.26 billion.

What is Luca Savi's approval rating as ITT's CEO?

23 employees have rated ITT Chief Executive Officer Luca Savi on Glassdoor.com. Luca Savi has an approval rating of 26% among the company's employees. This puts Luca Savi in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of ITT own?
How do I buy shares of ITT?

Shares of ITT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does ITT have any subsidiaries?
The following companies are subsidiares of ITT: AcousticFab LLC, Allen Osborne Associates, Axtone, Axtone Bahntechink GmbH, Axtone GmbH, Axtone HSW sp. z.o.o., Axtone S.A., Axtone s.r.o., Blakers Pump Engineers, Bolton Insurance Co., Bolton International RE S.C.A., Bolton International S.C.A., Bombas Goulds S.A., Bombas Goulds de Mexico S. de R.L. de C.V., Bombas Goulds de Venezuela C.A., Bornemann Inc., Bornemann S.A. DE C.V., C&I QSF LLC, C&K Components, Canberra Pumps do Brasil, Carbon Industries Inc., Computer & Equipment Leasing Corporation, DITTHA GmbH, Distribuidora Arbos C.A., Dolphin Technology, EP Industries Europe B.V., Edo, Electrofilm Manufacturing Company LLC, Ellis K. Phelps & Co., Energy Machine Services, Enidine Kabashiki Gaisha (Enidine Company Limited (Japan)), EnviroTech LLC, European Pump Services B.V., F.B. Leopold, FLOJET Corp., Flowtronex PSI, Godwin Pumps, Goulds Mexico Holdings LLC, Goulds Pumps (IPG) LLC, Goulds Pumps (N.Y.) Inc., Goulds Pumps Administration Inc., Goulds Pumps Canada Inc., Goulds Pumps Co. Ltd., Hartzell Aerospace, Hydro Air Industries, ITT (China) Investment Co. Ltd., ITT (Shanghai) Fluid Technology Co. Ltd., ITT Aerospace Controls LLC, ITT Australia Holdings Pty Ltd, ITT Automotive Enterprises Inc., ITT Blakers PTY Ltd, ITT Blakers Unit Trust, ITT Bornemann GmbH, ITT Bornemann-Goulds Pumps S.R.L., ITT Brasil – Indústria de Bombas Válvulas e Serviços Ltda., ITT C'treat LLC, ITT Cannon (Hong Kong) LTD, ITT Cannon Electronics (Shenzhen) Co. Ltd, ITT Cannon GmbH, ITT Cannon Korea Ltd., ITT Cannon LLC, ITT Cannon Ltd., ITT Cannon Mexico Inc., ITT Cannon Veam Italia s.r.l., ITT Cannon de Mexico S.A. de C.V., ITT Community Development Corporation, ITT Corporation India PVT. Ltd., ITT EMD LLC, ITT Egypt LLC, ITT Engineered Valves LLC, ITT Enidine GmbH, ITT Enidine Inc., ITT Finance Hong Kong Ltd., ITT Fluid Technology Asia Pte Ltd., ITT Fluid Technology International (Thailand) LTD., ITT Fluid Technology International Inc., ITT Fluid Technology S.A., ITT Germany Holdings GmbH, ITT Goulds Pumps Colombia S.A.S., ITT Goulds Pumps Inc., ITT High Precision Manufactured Products (Wuxi) Co. Ltd., ITT Holding LLC, ITT Holdings Czech Republic s.r.o., ITT Industries France S.A.S., ITT Industries Global S.a.r.l., ITT Industries Holdings Inc., ITT Industries Holdings Limited, ITT Industries Limited, ITT Industries Luxembourg S.a r.l., ITT Industries Rus LLC, ITT Industries Spain SL, ITT International Holdings Inc., ITT International Luxembourg S.a r.l., ITT Investments Luxembourg S.a.r.l., ITT Italia s.r.l., ITT Italy Holding Srl, ITT Japan B.V., ITT Korea Holding B.V., ITT Luxembourg Europe Sarl, ITT Luxembourg Worldwide Sarl, ITT Manufacturing Enterprises LLC, ITT Motion Technologies America LLC, ITT Motion Technologies GmbH, ITT Motion Technologies LLC, ITT Motion Technologies Luxembourg S.a.r.l., ITT Motion Technologies Mexico S. de R.L. de C.V, ITT Netherlands B.V., ITT Netherlands Europe B.V., ITT Netherlands Worldwide B.V., ITT Rheinhuette Pumps LLC, ITT Rheinhütte Benelux B.V., ITT Rheinhütte Pumpen Austria GmbH, ITT Rheinhütte Pumpen Co. Ltd., ITT Rheinhütte Pumpen GmbH, ITT Saudi Co., ITT Torque Systems Inc., ITT Ventures LLC, ITT Ventures S.a.r.L., ITT Vietnam Pro Company Limited, ITT Water & Wastewater U.S.A. Inc., InTelCo Properties LLC, Industrial Tube Company LLC, International Motion Control, International Motion Control Inc., International Standard Electric Corporation, K and M Electronics, Kentucky Carbon Corporation, Koni BV, Koni Finco B.V., Koni France SAS, Koni NA LLC, LLMZ Kamax, Leland Properties Inc., Matrix Composites, Matrix Composites Inc., Nova Analytics, O.I. Corporation, PT ITT Fluid Technology Indonesia, Pci Membranes, Precision Stainless, Qingdao Kamax Buffer Equipment Company Ltd., Qume, Rheinhutte Pumps Nordic Filial, Rheinhütte Pumpen Group, Rule Industries, SRA International's Airport Operations Solutions (AOS) group, STX Pte. Ltd, Shanghai Hengtong Purified Water Development, Shanghai Hengtong Water Treatment Engineering, Sinton Engineering Group, Stanford Telecommunications Inc, Svedala Robot BV, TDS Corporate Services LLC, Uniservice Wellpoint, Venus Holdco LLC, WAM China Ltd., WC Wolverine Holdings Inc., Water Pollution Control Corp., Wolverine Advanced Materials (Anhui) Co. Ltd., Wolverine Advanced Materials (Changshu) Co. Ltd., Wolverine Advanced Materials (Shanghai) Co. Ltd., Wolverine Advanced Materials Asia Limited, Wolverine Advanced Materials GmbH, Wolverine Advanced Materials LLC, Wolverine Automotive Holdings Inc., Wolverine Brasil Representacao Ltda., Wolverine Japan KK, Wolverine Press (Changshu) Co. Ltd., Wolverine/Tekno Laminates and Composites Ltda., and YSI Inc.
Read More
This page (NYSE:ITT) was last updated on 12/31/2023 by MarketBeat.com Staff

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