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

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) annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, September 8th.

ITT has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 10 years. ITT has a dividend payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 4.8%

Shares of NYSE:ITT opened at $213.83 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $19.12 billion, a PE ratio of 37.71, a P/E/G ratio of 1.92 and a beta of 1.27. ITT has a 1 year low of $164.00 and a 1 year high of $230.32. The firm has a fifty day moving average price of $193.78 and a 200 day moving average price of $196.90.

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

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.