ITT Inc. (NYSE:ITT) Declares $0.39 Quarterly Dividend

ITT Inc. (NYSE:ITT) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Tuesday, September 8th will be given a dividend of 0.386 per share by the conglomerate on Monday, October 5th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th.

ITT has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 10 years. ITT has a payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect ITT to earn $9.18 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 16.8%.

ITT Stock Up 4.8%

Shares of NYSE:ITT opened at $213.83 on Friday. ITT has a 1-year low of $164.00 and a 1-year high of $230.32. The company’s fifty day moving average is $193.78 and its two-hundred day moving average is $196.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The stock has a market capitalization of $19.12 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.27.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.16. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. ITT’s quarterly revenue was up 51.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities analysts anticipate that ITT will post 7.89 EPS for the current year.

Institutional Investors Weigh In On ITT

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in ITT by 55,929.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after buying an additional 1,515,695 shares in the last quarter. Norges Bank acquired a new stake in shares of ITT during the fourth quarter valued at approximately $194,884,000. Vanguard Group Inc. lifted its position in shares of ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in ITT in the 2nd quarter worth approximately $119,853,000. Finally, Findlay Park Partners LLP raised its stake in ITT by 63.2% during the 4th quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate’s stock valued at $213,574,000 after purchasing an additional 476,702 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.