ITT Corp Declares Quarterly Dividend of $0.10 (ITT)
ITT Corp (NYSE:ITT) announced a quarterly dividend on Tuesday, October 15th, AnalystRatings.Net reports. Shareholders of record on Friday, November 15th will be paid a dividend of $0.10 per share on Tuesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.10%.
A number of research firms have recently commented on ITT. Analysts at Zacks reiterated a “neutral” rating on shares of ITT Corp in a research note to investors on Thursday, August 22nd. They now have a $35.00 price target on the stock. Analysts at FBR Capital Markets upgraded shares of ITT Corp from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, August 2nd. They now have a $32.00 price target on the stock, up previously from $18.50. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. ITT Corp has a consensus rating of “Hold” and a consensus target price of $32.40.
ITT Corp (NYSE:ITT) traded down 2.05% on Tuesday, hitting $36.32. 887,142 shares of the company’s stock traded hands. ITT Corp has a 52 week low of $20.16 and a 52 week high of $37.19. The stock’s 50-day moving average is $35.25 and its 200-day moving average is $31.43. The company has a market cap of $3.280 billion and a price-to-earnings ratio of 22.75.
ITT Corp (NYSE:ITT) last announced its earnings results on Thursday, August 1st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.06. The company had revenue of $609.00 million for the quarter, compared to the consensus estimate of $599.47 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts expect that ITT Corp will post $1.90 EPS for the current fiscal year.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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