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.

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Stocks Info

ITT belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. The current market capitalization of ITT Inc is $10.85B. A total of 0.55 million shares were traded on the day, compared to an average of 425.62K shares.

In the most recent transaction, Flynn Ryan F. sold 2,500 shares of ITT for 113.44 per share on Dec 08 ’23. After the transaction, the SVP & President, CCT now owns 14,047 company shares. In a previous transaction on Nov 06 ’23, DEFOSSET DON sold 9,996 shares at 101.25 per share. ITT shares that Director owns now total 20,694.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. ITT Inc pays an annual dividend of $1.22, resulting in a dividend yield of 0.92%, and it has a price to earnings (P/E) ratio of 25.36. ITT’s most recent ex-dividend date was 9/3/2024 when it declared a $0.3190 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 7/1/2024 with an ex-dividend date of 6/3/2024. The ITT stock dividend was $0.3190 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. In terms of 52-week highs and lows, ITT has a high of $149.65 and a low of $91.94.

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 $31.54, 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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