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Wednesday, September 27, 2023

ITT Inc. (NYSE: ITT) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for ITT Inc. (ITT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.02%, to $103.38. The ITT Inc. has recorded 23,506 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that ITT Reports 2023 Second Quarter Earnings Per Share (EPS) of $1.31, Adjusted EPS of $1.33.

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Stocks Info

The company is listed on the NYSE and operates within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $103.40 and fluctuated between $103.96 as its day high and $102.51 as its day low. The current market capitalization of ITT Inc. is $8.40B. A total of 0.3 million shares were traded on the day, compared to an average of 438.96K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ITT has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 4,890 and the disposition of 5,000 shares. Over the last 12 months, there were 27 BUYs and 20 SELLs from insiders. Insiders purchased 102,692 shares during that period but sold 41,500.

In the most recent transaction, Lembesis Maurine C. sold 4,000 shares of ITT for 101.44 per share on Aug 04. After the transaction, the SVP, Chief HR Officer now owns 17,146 company shares. In a previous transaction on Aug 04, Ghirardo Carlo sold 1,000 shares at 101.17 per share. ITT shares that SVP & Pres Motion Technologies owns now total 17,029.

Among the insiders who sold shares, Flynn Ryan F. disposed of 2,197 shares on Mar 10 at a per-share price of $87.22. This resulted in the SVP & President, CCT holding 16,547 shares of ITT after the transaction.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. ITT Inc. pays an annual dividend of $1.16, resulting in a dividend yield of 1.12%, and it has a price to earnings (P/E) ratio of 20.13. ITT’s most recent ex-dividend date was 8/31/2023 when it declared a $0.29 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/3/2023 with an ex-dividend date of 6/8/2023. The ITT stock dividend was $0.29 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ITT in the last 3 months, the mean price target is $112.50 with high estimates of $120.00 and low estimates of $105.00. In terms of 52-week highs and lows, ITT has a high of $102.97 and a low of $64.51.

As of this writing, ITT has an earnings estimate of $1.27 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.3 per share and a lower estimate of $1.25. The company reported an EPS of $1.17 in the last quarter, which was 5.40% higher than expectations of $1.11.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ITT’s latest balance sheet shows that the firm has $647.50M in Cash & Short Term Investments as of fiscal 2021. There were $197.60M in debt and $928.30M in liabilities at the time. Its Book Value Per Share was $28.48, while its Total Shareholder’s Equity was $2.23B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ITT is Buy with a score of 4.50.

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