ITT Inc. (ITT) To Go Ex-Dividend on June 8th

ITT Inc. (NYSE:ITT) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 8th will be paid a dividend of 0.386 per share by the conglomerate on Monday, July 6th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th.

ITT has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 10 years. ITT has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ITT to earn $9.22 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 16.7%.

ITT Trading Down 0.9%

Shares of ITT opened at $191.61 on Friday. The stock has a market capitalization of $17.13 billion, a P/E ratio of 33.79, a PEG ratio of 1.82 and a beta of 1.27. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $203.28 and a two-hundred day simple moving average of $192.05. ITT has a twelve month low of $149.02 and a twelve month high of $225.26.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.21. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, research analysts anticipate that ITT will post 7.9 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ITT. Robert W. Baird set a $246.00 target price on shares of ITT in a research report on Thursday, May 7th. KeyCorp raised their target price on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Citigroup raised their target price on shares of ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $246.00 target price on shares of ITT in a research report on Thursday, May 7th. Finally, BMO Capital Markets began coverage on shares of ITT in a research report on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $234.91.

ITT Company Profile

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.