ITT Inc. (NYSE:ITT) to Issue Quarterly Dividend of $0.39

ITT Inc. (NYSE:ITT) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, December 4th will be given a dividend of $0.3860 per share by the conglomerate on Thursday, December 31st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 4th.

ITT has increased its dividend by an average of 0.2% annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect ITT to earn $9.50 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 16.2%.

ITT Price Performance

Shares of NYSE:ITT opened at $201.47 on Thursday. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. The business’s 50 day simple moving average is $201.49 and its 200-day simple moving average is $199.15. ITT has a 12 month low of $166.96 and a 12 month high of $230.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.18. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%. ITT’s quarterly revenue was up 44.2% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. As a group, equities analysts forecast that ITT will post 8.25 earnings per share for the current fiscal year.

ITT Company Profile

ITT Inc (NYSE: ITT) is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.