Dividend Growth of ITT Inc.(ITT)

ITT (ITT) is having a Dividend Yield of 1.14% with the Annual cash Dividend per share of $0.5. The last quarter cash dividend per share pay out was $0.12. ITT has a 5 year average dividend yield of 1.31% and the stock has a Indicated annual dividend of $0.5. ITT (ITT) formally announced its most recent dividend on February 15, 2017 with a Dividend per share of $0.13. The new indicated annual dividend based on announced dividend per share is $0.51. The dividend yield based on the forward looking indicated annual dividend is 1.18%. ITT (ITT) has the most recent dividend payout ratio of 0.21 with a 5-year average payout ratio of 0.19. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.02. The 5 year historical dividend growth of ITT (ITT) is at the rate of 7.87% while the R-Squared dividend growth is 0.95. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

ITT Inc. (NYSE:ITT) witnessed a decline in the market cap on Thursday as its shares dropped 0.48% or 0.21 points. After the session commenced at $43.84, the stock reached the higher end at $44 while it hit a low of $42.99. With the volume soaring to 800,970 shares, the last trade was called at $43.15. The company has a 52-week high of $44. The company has a market cap of $3,806 million and there are 88,200,000 shares in outstanding. The 52-week low of the share price is $30.06. Shares of ITT Inc. rose by 5.84% in the last five trading days and 3.88% for the last 4 weeks. ITT Inc. is up 12.33% in the last 3-month period. Year-to-Date the stock performance stands at 11.87%.

Currently the company Insiders own 1.6% of ITT Inc. shares according to the proxy statements. Institutional Investors own 91.15% of ITT Inc. shares. Company has reported several Insider transactions to the SEC, on Dec 6, 2016, Aris C Chicles (officer ) sold 30,570 shares at 41.03 per share price.On May 26, 2016, Thomas M Scalera (Executive VP & CFO) sold 7,019 shares at 36.00 per share price.On Mar 11, 2016, Denise L Ramos (CEO and President) sold 152,594 shares at 35.86 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.ITT Corp was Upgraded by Oppenheimer to Outperform on Feb 16, 2017. ITT Corp was Upgraded by BofA/Merrill to Buy on Jan 9, 2017. ITT Corp was Initiated by Aegis Capital on Dec 2, 2016 to Buy, Price Target of the shares are set at $47.

ITT Corp Last issued its quarterly earnings results on Feb 14, 2017. The company reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.42. The company had revenue of $588.00 million for the quarter, compared to analysts expectations of $552.43 million. The companys revenue was down -11.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

ITT Inc. is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. ITT Inc., formerly known as ITT Corporation, is headquartered in White Plains, New York.


Share this post

Leave a Reply