Is ITT Inc (NYSE: ITT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that ITT Announces Participation in Investor Conferences on Feb. 22.

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Stocks Info

ITT belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $125.75 and fluctuated between $127.13 as its day high and $125.08 as its day low. The current market capitalization of ITT Inc is $10.32B. A total of 0.7 million shares were traded on the day, compared to an average of 365.29K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ITT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 24 SELLs from insiders. Insiders purchased 99,913 shares during that period but sold 53,442.

In the most recent transaction, Flynn Ryan F. sold 2,500 shares of ITT for 113.44 per share on Dec 08. After the transaction, the SVP & President, CCT now owns 14,047 company shares. In a previous transaction on Nov 06, DEFOSSET DON sold 9,996 shares at 101.25 per share. ITT shares that Director owns now total 20,694.

Among the insiders who sold shares, Lembesis Maurine C. disposed of 4,000 shares on Aug 04 at a per-share price of $101.44. This resulted in the SVP, Chief HR Officer holding 17,146 shares of ITT after the transaction. In another insider transaction, Ghirardo Carlo sold 1,000 shares at $101.17 per share on Aug 04. Company shares held by the SVP & Pres Motion Technologies now total 17,029.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. ITT Inc pays an annual dividend of $1.16, resulting in a dividend yield of 0.93%, and it has a price to earnings (P/E) ratio of 23.98. ITT’s most recent ex-dividend date was 11/30/2023 when it declared a $0.29 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 8/31/2023. The ITT stock dividend was $0.29 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ITT in the last 3 months, the mean price target is $131.80 with high estimates of $148.00 and low estimates of $124.00. In terms of 52-week highs and lows, ITT has a high of $126.79 and a low of $75.82.

As of this writing, ITT has an earnings estimate of $1.34 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.39 per share and a lower estimate of $1.32. The company reported an EPS of $1.33 in the last quarter, which was 12.70% higher than expectations of $1.18.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $291.60M in debt and $928.30M in liabilities at the time. Its Book Value Per Share was $29.34, while its Total Shareholder’s Equity was $2.23B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.78.

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