What is DA Davidson’s Estimate for ITT Q4 Earnings?

ITT Inc. (NYSE:ITT) – DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for ITT in a research report issued on Wednesday, October 30th. DA Davidson analyst M. Summerville expects that the conglomerate will earn $1.47 per share for the quarter. The consensus estimate for ITT’s current full-year earnings is $5.84 per share.

Other research analysts also recently issued research reports about the company. Robert W. Baird lowered their price target on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Nicolaus lifted their target price on ITT from $157.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group upped their target price on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. KeyCorp raised their price target on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, TD Cowen boosted their price objective on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $157.78.

ITT Price Performance

Shares of NYSE:ITT opened at $140.12 on Thursday. The company’s fifty day moving average is $142.90 and its two-hundred day moving average is $136.12. The company has a market cap of $11.45 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.92 and a beta of 1.40. ITT has a 12-month low of $91.94 and a 12-month high of $153.99. The company has a quick ratio of 1.10, a current ratio of 1.55 and a debt-to-equity ratio of 0.07.

ITT (NYSE:ITT) last announced its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping the consensus estimate of $1.43 by $0.03. ITT had a net margin of 12.47% and a return on equity of 18.30%. The company had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. During the same period last year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, November 29th. ITT’s dividend payout ratio (DPR) is presently 24.90%.

Institutional Trading of ITT

Several large investors have recently added to or reduced their stakes in the business. Select Equity Group L.P. boosted its stake in shares of ITT by 11.7% during the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock worth $431,512,000 after acquiring an additional 351,206 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in ITT by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate’s stock worth $123,338,000 after purchasing an additional 50,329 shares during the period. Bank of New York Mellon Corp boosted its position in ITT by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 828,000 shares of the conglomerate’s stock worth $106,961,000 after purchasing an additional 3,370 shares during the period. Westfield Capital Management Co. LP grew its holdings in ITT by 12.5% during the first quarter. Westfield Capital Management Co. LP now owns 723,617 shares of the conglomerate’s stock valued at $98,434,000 after purchasing an additional 80,652 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of ITT by 73.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 681,839 shares of the conglomerate’s stock valued at $92,751,000 after purchasing an additional 288,671 shares during the period. 91.59% of the stock is owned by institutional investors.

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.