ITT Corp (ITT) Announces Quarterly Dividend of $0.11
ITT Corp (NYSE:ITT) declared a quarterly dividend on Tuesday, May 20th, Stock Ratings Network.com reports. Investors of record on Friday, June 13th will be given a dividend of 0.11 per share on Tuesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%.
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 on Friday, May 2nd. They now have a $47.00 price target on the stock. On a related note, analysts at William Blair raised their price target on shares of ITT Corp from $43.00 to $44.00 in a research note on Friday, March 21st. Finally, analysts at SunTrust initiated coverage on shares of ITT Corp in a research note on Wednesday, March 19th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ITT Corp presently has an average rating of “Hold” and a consensus price target of $44.86.
ITT Corp (NYSE:ITT) traded down 2.06% during mid-day trading on Tuesday, hitting $43.28. The stock had a trading volume of 488,311 shares. ITT Corp has a 52 week low of $28.08 and a 52 week high of $45.89. The stock has a 50-day moving average of $43.63 and a 200-day moving average of $42.42. The company has a market cap of $3.969 billion and a P/E ratio of 8.15.
ITT Corp (NYSE:ITT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.10. The company had revenue of $674.50 million for the quarter, compared to the consensus estimate of $645.70 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts expect that ITT Corp will post $2.36 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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