DA Davidson Comments on ITT’s FY2025 Earnings (NYSE:ITT)

ITT Inc. (NYSE:ITT) – DA Davidson lifted their FY2025 earnings per share estimates for shares of ITT in a research report issued on Monday, August 4th. DA Davidson analyst M. Summerville now forecasts that the conglomerate will earn $6.50 per share for the year, up from their prior estimate of $6.40. DA Davidson currently has a “Buy” rating and a $190.00 target price on the stock. The consensus estimate for ITT’s current full-year earnings is $6.51 per share.

Several other brokerages also recently issued reports on ITT. Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Citigroup reiterated a “buy” rating and issued a $186.00 target price (up previously from $159.00) on shares of ITT in a research note on Monday, July 14th. The Goldman Sachs Group increased their price target on ITT from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Bank of America lifted their price objective on ITT from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Finally, KeyCorp boosted their price objective on ITT from $180.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average price target of $179.22.

ITT Stock Down 0.6%

ITT opened at $165.09 on Wednesday. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.05 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.45. The firm’s 50-day simple moving average is $156.73 and its 200-day simple moving average is $145.44. ITT has a twelve month low of $105.64 and a twelve month high of $170.16.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.02. The firm had revenue of $972.40 million for the quarter, compared to analysts’ expectations of $947.48 million. ITT had a return on equity of 18.08% and a net margin of 13.99%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 earnings per share.

Hedge Funds Weigh In On ITT

Large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. raised its holdings in ITT by 13.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate’s stock worth $107,000 after purchasing an additional 87 shares during the last quarter. Stephens Inc. AR grew its position in shares of ITT by 4.8% during the 1st quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate’s stock worth $254,000 after buying an additional 90 shares during the period. Prudent Man Advisors LLC grew its position in shares of ITT by 2.3% during the 1st quarter. Prudent Man Advisors LLC now owns 4,280 shares of the conglomerate’s stock worth $553,000 after buying an additional 98 shares during the period. UMB Bank n.a. raised its stake in shares of ITT by 11.4% during the second quarter. UMB Bank n.a. now owns 954 shares of the conglomerate’s stock worth $150,000 after buying an additional 98 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in ITT by 3.5% in the second quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock valued at $472,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. ITT’s dividend payout ratio is 22.01%.

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.