ITT Inc. (NYSE:ITT) Increases Dividend to $0.39 Per Share

ITT Inc. (NYSE:ITT) announced a quarterly dividend on Thursday, February 5th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.386 per share by the conglomerate on Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, March 6th. This is a 10.0% increase from ITT’s previous quarterly dividend of $0.35.

ITT has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. ITT has a payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ITT to earn $7.14 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 19.6%.

ITT Stock Up 9.1%

Shares of ITT traded up $16.92 during trading hours on Thursday, hitting $202.07. 2,814,217 shares of the company were exchanged, compared to its average volume of 895,609. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.52. The company has a market cap of $17.39 billion, a PE ratio of 33.57, a PEG ratio of 1.67 and a beta of 1.37. The firm’s 50 day moving average is $179.37 and its 200-day moving average is $176.39. ITT has a 52 week low of $105.64 and a 52 week high of $205.71.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. ITT had a return on equity of 18.96% and a net margin of 12.67%.The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities research analysts forecast that ITT will post 6.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Stifel Nicolaus lowered their price target on ITT from $225.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. KeyCorp boosted their price target on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Citigroup boosted their price target on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $206.25.

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.