Announcement • Jul 08
ITT Inc. (NYSE:ITT) completed the acquisition of Aerospace Contacts, L.L.C. ITT Inc. (NYSE:ITT) entered into a definitive agreement to acquire Aerospace Contacts, L.L.C. for $31 million on June 16, 2026.
The transaction is subject to the satisfaction of customary closing conditions and is expected to be completed in the third quarter of 2026.
ITT Inc. (NYSE:ITT) completed the acquisition of Aerospace Contacts, L.L.C. on July 6, 2026. Announcement • Jun 30
ITT Inc. Announces Board and Committee Appointments, Effective August 1, 2026 ITT Inc. announced the election of Bertrand Loy and Kevin Wheeler to its Board of Directors. The appointments are effective as of August 1, 2026. The Board also appointed Mr. Loy to the Audit Committee and Mr. Wheeler to the Nominating and Governance Committee, in each case effective August 1, 2026. Mr. Loy is Executive Chairman and former Chief Executive Officer of Entegris Inc. (Nasdaq: ENTG), a global supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. He served as Chief Executive Officer from 2012 to 2025 and was appointed Executive Chairman in 2025. Earlier in his tenure at Entegris, he held senior leadership roles, including Chief Operating Officer and Executive Vice President of Global Supply Chain and Manufacturing. Mr. Loy also serves as an independent director of Ashland Inc., where he is a member of the Audit Committee and the Governance and Nominating Committee. He brings extensive global leadership experience and deep expertise in innovation and financial management. He holds an MBA from ESSEC Business School in France. Mr. Wheeler is Executive Chairman and former Chief Executive Officer of A. O. Smith Corporation, a global water technologies manufacturer serving customers in more than 60 countries. He served as Chief Executive Officer from 2018 to 2025 and became Executive Chairman in 2025. During his more than 30-year career with A. O. Smith, Mr. Wheeler has held leadership roles spanning sales, marketing, international business development, global operations, manufacturing and engineering. Mr. Wheeler also serves as an independent director of Graco Inc., where he is a member of the Management Organization and Compensation Committee and the Governance Committee. Mr. Wheeler holds a Bachelor of Science degree in Finance from the University of Nevada and completed the Advanced Management Program at Harvard Business School. Announcement • Jun 29
ITT Inc.(NYSE:ITT) dropped from Russell 1000 Dynamic Index ITT Inc.(NYSE:ITT) dropped from Russell 1000 Dynamic Index Announcement • Jun 18
ITT Inc. (NYSE:ITT) agreed to acquire Aerospace Contacts, L.L.C. for $31 million. ITT Inc. (NYSE:ITT) agreed to acquire Aerospace Contacts, L.L.C. for $31 million on June 16, 2026. A cash consideration of $31 million will be paid by ITT Inc. As part of consideration, $31 million is paid towards common equity of Aerospace Contacts, L.L.C.
The expected completion of the transaction is during the third quarter of 2026. The deal is subject to the satisfaction of customary closing conditions. Upcoming Dividend • Jun 04
Upcoming dividend of US$0.39 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 06 July 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.9%). Declared Dividend • May 21
First quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 8th June 2026 Payment date: 6th July 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 21
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Mary Laschinger was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 08
Tt Inc. Provides Earnings Guidance for the Full Year 2026 ITT Inc. provided earnings guidance for the full year 2026. For the period, the company initiating full year EPS guidance of $4.15 to $4.45, down 30% as a result of acquisition related impacts. The company expects to up 36% to 38% in total revenue, and expects operating margin of 12.4% to 13.3%. Announcement • May 07
ITT Inc. announces Quarterly dividend, payable on July 06, 2026 ITT Inc. announced Quarterly dividend of USD 0.3860 per share payable on July 06, 2026, ex-date on June 08, 2026 and record date on June 08, 2026. Announcement • Apr 16
ITT Inc. to Report Q1, 2026 Results on May 06, 2026 ITT Inc. announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 Announcement • Apr 06
ITT Inc., Annual General Meeting, May 21, 2026 ITT Inc., Annual General Meeting, May 21, 2026. Announcement • Feb 06
ITT Inc. announces Quarterly dividend, payable on April 06, 2026 ITT Inc. announced Quarterly dividend of USD 0.3860 per share payable on April 06, 2026, ex-date on March 06, 2026 and record date on March 06, 2026. Announcement • Feb 05
ITT Inc. Provides Earnings Guidance for the First Quarter of 2026 ITT Inc. provided earnings guidance for the first quarter of 2026. For the quarter, the company expects revenue growth of roughly 11%, up 5% on an organic basis. EPS of $1.67 to $1.71. Announcement • Jan 13
ITT Inc. to Report Q4, 2025 Results on Feb 05, 2026 ITT Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 05, 2026 Announcement • Dec 09
ITT Inc. has completed a Follow-on Equity Offering in the amount of $1.169 billion. ITT Inc. has completed a Follow-on Equity Offering in the amount of $1.169 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,000,000
Price\Range: $167
Discount Per Security: $3.7575 Announcement • Dec 08
ITT Inc. has filed a Follow-on Equity Offering. ITT Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,000,000 Announcement • Dec 04
ITT Inc. Announces Retirement of Timothy H. Powers in 2026 ITT Inc. announced that its Board of Directors has appointed Nazzic S. Keene to succeed current Board Chair, Timothy H. Powers, effective upon Mr. Powers’ retirement and following Ms. Keene’s election at the May 2026 Annual Meeting of Shareholders. Ms. Keene has served as a director of the Company since October 2023, and also as a member of its Nominating and Governance and Audit Committees. She brings extensive public company leadership experience as a former CEO with a record of driving growth and transformational change. She also has significant experience as a public company director with deep expertise in information technology, mergers and acquisitions and integration. Ms. Keene retired in 2023 as CEO and a director of Science Applications International Corporation, a multi-billion-dollar global provider of IT modernization, engineering and mission solutions for government clients. Currently, Ms. Keene serves on the boards of Automatic Data Processing Inc. and Caterpillar Inc. Mr. Powers has served on ITT’s Board of Directors since 2015 and has held the role of non-executive Chair since 2023. During his tenure, he provided invaluable leadership and perspective, drawing on his extensive background as a CEO and financial officer in global manufacturing and engineering companies. Announcement • Oct 07
ITT Inc. to Report Q3, 2025 Results on Oct 29, 2025 ITT Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025 Announcement • Jul 08
ITT Inc. to Report Q2, 2025 Results on Jul 31, 2025 ITT Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Announcement • Jun 20
ITT Inc. to Showcase Revolutionary Industrial Motor at VIDAR Unveiled Launch Event and Deliver Keynote Presentation at Downstream USA 2025 ITT Inc. announced that business leaders from the company will present VIDAR, a revolutionary compact motor that combines embedded variable speed intelligence with advanced energy efficiency and reliability for industrial pumps and fans, at two landmark events next week. On June 24, ITT will host the VIDAR Unveiled event in Houston to formally launch VIDAR to customers and partners. The event will be highlighted by presentations from Senior Vice President, Chief Strategy Officer and President, Industrial Process Bartek Makowiecki and Vice President and VIDAR General Manager Dan Kernan. The event will also include interactive experience stations demonstrating VIDAR's game-changing capabilities. Announcement • May 23
ITT Inc. Announces the Election of Mary Laschinger to Its Board of Directors and Compensation and Human Capital Committee, Effective May 21, 2025 On May 20, 2025, the Board of Directors of ITT Inc., acting on the recommendation of the Nominating and Governance Committee, elected Ms. Mary Laschinger to its Board of Directors, effective immediately following its annual meeting of shareholders (the “Annual Meeting”) on May 21, 2025. The Board believes that Ms. Laschinger’s extensive global experience with industrial companies that operate in markets similar to the Company will provide valuable expertise to the Company. The Board also considered the independence of Ms. Laschinger under the New York Stock Exchange listing standards and the Company's Corporate Governance Principles and concluded that Ms. Laschinger is an independent director under these standards. The Board appointed Ms. Laschinger to the Company’s Compensation and Human Capital Committee, effective May 21, 2025. Prior to joining Veritiv, Ms. Laschinger served as Senior Vice President of International Paper Company, a global leader in sustainable packaging and pulp products, from 2007 to July 2014. She also served as President of International Paper’s former distribution business and president of its Europe, Middle East, Africa and Russia businesses. Ms. Laschinger currently serves on the Board of Directors of Kellanova, previously Kellogg Company and of Dollar Tree Inc. Additionally, Ms. Laschinger is a member of the Executive Advisory Council for Apollo Global Management. Ms. Laschinger holds a bachelor’s degree in business from the University of Wisconsin and a Master of Business Administration degree from the University of Connecticut. She has also completed postgraduate studies in executive management at the Kellogg School of Management at Northwestern University. Announcement • Apr 09
ITT Inc., Annual General Meeting, May 21, 2025 ITT Inc., Annual General Meeting, May 21, 2025. Announcement • Mar 18
ITT Inc. Launches VIDAR, A Revolutionary Industrial Smart Motor That Lowers Operating Costs and Drastically Reduces Energy Usage, CO2 Emissions ITT Inc. announced the launch of VIDAR, a first of its kind compact smart motor with embedded variable speed intelligence that lowers energy usage and CO2 emissions, reduces costs and increases equipment lifespan for industrial pumps and fans deployed in harsh environments. VIDAR, previously marketed publicly as the Embedded Motor Drive (EMD), represents ITT's entry point into a $6 billion total addressable market for industrial motors. Each year, roughly $300 billion is spent globally to move fluids for critical applications including food and beverage processing, energy production, water purification and chemical and pharmaceutical manufacturing, among others. However, approximately 85% of industrial pumps and fans rely on outdated fixed speed motors and mechanical controls, resulting in excess energy usage and low reliability. Current solutions on the market, including variable frequency drives (VFDs), require costly installation and are space prohibitive in severe, crushed industrial settings. VIDAR is here to provide a much-needed solution. The innovation is an industrial motor with advanced variable frequency technology in a package that is 60% smaller than current market offerings. VIDAR's precise motor speed control ensures the customer's rotating equipment is running at desired flow rates, while also reducing energy and maintenance costs and equipment downtime. ITT's highly engineered design enables it to seamlessly replace an existing conventional motor as a 'drop-in' replacement, eliminating the need for special wiring, expensive VFDs or additional clean room enclosures. The first shipments of VIDAR are expected to occur in third quarter of 2025, and the company expects shipments to increase considerably beginning in 2026. Announcement • Jan 13
ITT Inc. to Report Q4, 2024 Results on Feb 06, 2025 ITT Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 06, 2025 Declared Dividend • Nov 01
Third quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 29th November 2024 Payment date: 31st December 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Maggie Chu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$1.98 (vs US$1.35 in 3Q 2023) Third quarter 2024 results: EPS: US$1.98 (up from US$1.35 in 3Q 2023). Revenue: US$885.2m (up 7.7% from 3Q 2023). Net income: US$161.3m (up 46% from 3Q 2023). Profit margin: 18% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year. Buy Or Sell Opportunity • Oct 17
Now 21% undervalued Over the last 90 days, the stock has risen 8.7% to €138. The fair value is estimated to be €174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 7.5% in a year. Earnings are forecast to grow by 15% in the next year. Announcement • Oct 04
ITT Inc. to Report Q3, 2024 Results on Oct 29, 2024 ITT Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 29, 2024 Announcement • Oct 02
ITT Inc. Appoints Maggie Chu to its Board of Directors ITT Inc. announced the election of Maggie Chu to its Board of Directors. Ms. Chu currently serves as Chief Human Resources Officer of Littelfuse Inc. She has been with Littelfuse since 2021 and currently leads the company’s human resources (HR) and corporate communications functions globally. Ms. Chu’s appointment to the ITT board is effective immediately. About Maggie Chu: Maggie Chu is currently the Chief Human Resources Officer at Littelfuse, a position she has held since 2021, where she serves as a key member of the executive leadership team. Prior to her current role, Maggie served as Segment HR Director at Caterpillar where she provided strategic HR leadership for the $20+ billion Energy & Transportation Segment and Corporate Services functions. She also previously held multiple senior HR roles over fourteen years at the former General Electric Company in its Lighting, Power and Oil & Gas divisions. Ms. Chu was born in China where she completed her undergraduate and graduate degrees in Electrical Engineering at Zhejiang University and in Quality Management at The Hong Kong Polytechnic University, respectively, prior to moving to the U.S. in 2001. She also holds a Master of Arts in Human Resources with a minor in statistics from the University of Minnesota. Upcoming Dividend • Aug 28
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 03 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.5%). Declared Dividend • Aug 05
Second quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 3rd September 2024 Payment date: 30th September 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$1.45 (vs US$1.31 in 2Q 2023) Second quarter 2024 results: EPS: US$1.45 (up from US$1.31 in 2Q 2023). Revenue: US$905.9m (up 8.6% from 2Q 2023). Net income: US$119.2m (up 10% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jul 10
ITT Inc. to Report Q2, 2024 Results on Aug 01, 2024 ITT Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024 Upcoming Dividend • May 27
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.4%). Buy Or Sell Opportunity • May 18
Now 21% undervalued Over the last 90 days, the stock has risen 8.7% to €125. The fair value is estimated to be €158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • May 16
ITT Inc. Appoints Chris O'shea as Non-Executive Director Centrica plc confirmed that Chris O'Shea, Chief Executive of the company, has been appointed to the board of ITT Inc. as a non-executive director with effect from 15 May 2024. Declared Dividend • May 05
First quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 3rd June 2024 Payment date: 1st July 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.35 (vs US$1.21 in 1Q 2023) First quarter 2024 results: EPS: US$1.35 (up from US$1.21 in 1Q 2023). Revenue: US$910.6m (up 14% from 1Q 2023). Net income: US$111.0m (up 11% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Apr 12
ITT Inc. to Report Q1, 2024 Results on May 02, 2024 ITT Inc. announced that they will report Q1, 2024 results Pre-Market on May 02, 2024 Upcoming Dividend • Feb 29
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 01 April 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (2.6%). Announcement • Feb 27
ITT Inc. Announces the Appointment of Michael G. Guhde as President of Its Connect & Control Technologies Business ITT Inc. announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi. CCT, one of ITT’s three segments, is a leading manufacturer of connectors and control components for critical applications in the aerospace, defense and industrial markets. Guhde will be based at CCT’s headquarters in Irvine, CA. Guhde joins ITT from Illinois Tool Works (NYSE: ITW), where he led a large, global business serving the automotive industry through the development and manufacture of highly engineered components. In this role, he oversaw several business improvements that led to consistent, sustainable advancements in customer satisfaction while driving significant profitability increases. He also led the creation of a dedicated electric vehicle (EV) focused business unit to address rising demand. Prior to ITW, Guhde spent more than twenty years at Parker Hannifin Corporation (NYSE: PH) as general manager of its industrial cylinder and hydraulic cartridge divisions after leading global sales and marketing for the hydraulic cartridge division from 2005-2013. He also held roles of increasing responsibility across sales, operations and engineering during his tenure at Parker Hannifin. Guhde holds a Bachelor of Science in Mechanical Engineering from Ohio University in Athens, Ohio. Declared Dividend • Feb 11
Fourth quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 7th March 2024 Payment date: 1st April 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$5.00 (vs US$4.42 in FY 2022) Full year 2023 results: EPS: US$5.00 (up from US$4.42 in FY 2022). Revenue: US$3.28b (up 9.9% from FY 2022). Net income: US$411.4m (up 12% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jan 18
ITT Inc. Announces the Election of Sharon Szafranski to Board of Directors ITT Inc. announced the election of Sharon Szafranski to its Board of Directors. Ms. Szafranski currently serves as Executive Vice President of the Welding segment at Illinois Tool Works (ITW). Ms. Szafranski began her career at ITW in 1994. The appointment of Ms. Szafranski is effective as of January 17, 2024. The Board also appointed Ms. Szafranski to the Company’s Audit Committee, effective at the time of election. Sharon Szafranski currently serves as Executive Vice President of the Welding segment at ITW, where she has full P&L responsibility for a $1.9 billion business with approximately 3,500 employees. She has spent nearly 30 years with ITW and has held 11 different roles of increasing responsibility in the organization, beginning as a sales trainee in 1994. ITW operates across seven segments, including Automotive OEM, construction products and food equipment, and is based in Glenview, Illinois. Ms. Szafranski holds a Bachelor of Science, Accounting from Miami University in Oxford, Ohio. Announcement • Jan 12
ITT Inc. to Report Second Half, 2023 Results on Feb 08, 2024 ITT Inc. announced that they will report second half, 2023 results on Feb 08, 2024 Announcement • Dec 08
ITT Inc. Announces the Retirement of Richard P. Lavin from the Board On December 3, 2023, Mr. Richard P. Lavin notified the ITT Inc. of his retirement from the Board due to personal reasons, effective December 4, 2023. The retirement was not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.29 per share at 1.1% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.0%). Recent Insider Transactions • Nov 10
Independent Director recently sold €942k worth of stock On the 6th of November, Donald DeFosset sold around 10k shares on-market at roughly €94.27 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Announcement • Nov 04
ITT Inc. Provides Earnings Guidance for the Year 2023 ITT Inc. provided earnings guidance for the year 2023. For the year, The company expects revenue growth of approximately 9%, up 7% to 8% on an organic basis; EPS of $5.05 to $5.11 for the full year 2023. Announcement • Nov 03
ITT Inc. (NYSE:ITT) signed an agreement to acquire SVANEHØJ Danmark A/S for $395 million. ITT Inc. (NYSE:ITT) signed an agreement to acquire SVANEHØJ Danmark A/S for $395 million on November 1, 2023. SVANEHØJ Danmark A/S generated $140 million in sales in 2022. The transaction is expected to close in the first quarter of 2024, subject to the receipt of customary regulatory approvals. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.35 (vs US$1.24 in 3Q 2022) Third quarter 2023 results: EPS: US$1.35 (up from US$1.24 in 3Q 2022). Revenue: US$822.1m (up 9.1% from 3Q 2022). Net income: US$110.8m (up 8.1% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
ITT Inc. Declares Regular Quarterly Dividend, Payable on December 29, 2023 ITT Inc. announced that its Board of Directors has declared a regular quarterly dividend payment of $0.290 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on December 29, 2023 to shareholders of record of such common stock as of the close of business on December 1, 2023. Announcement • Oct 13
ITT Inc. to Report Q3, 2023 Results on Nov 02, 2023 ITT Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.29 per share at 1.2% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.8%). Announcement • Aug 04
ITT Inc. Updates Earnings Guidance for the Year 2023 ITT Inc. updatedearnings guidance for the year 2023. For the year, the company expects EPS of $4.85 to $5.05, up 11% to 16% for the full year. There is no change to the revenue guidance of 7% to 9%. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$1.31 (vs US$0.91 in 2Q 2022) Second quarter 2023 results: EPS: US$1.31 (up from US$0.91 in 2Q 2022). Revenue: US$833.9m (up 14% from 2Q 2022). Net income: US$108.2m (up 43% from 2Q 2022). Profit margin: 13% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
ITT Inc. to Report Q2, 2023 Results on Aug 03, 2023 ITT Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 03, 2023 Upcoming Dividend • Jun 01
Upcoming dividend of US$0.29 per share at 1.5% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.9%). Announcement • May 11
ITT Inc. Declares Quarterly Cash Dividend , Payable on July 3, 2023 ITT Inc. announced that its Board of Directors has declared a regular quarterly dividend payment of $0.290 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on July 3, 2023 to shareholders of record of such common stock as of the close of business on June 9, 2023. Announcement • May 05
ITT Inc. Updates Earning Guidance for the Fiscal Year 2023 ITT Inc. updated earning guidance for the fiscal year 2023. for the year, the company expects EPS of $4.49 to $4.79. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$1.21 (vs US$0.88 in 1Q 2022) First quarter 2023 results: EPS: US$1.21 (up from US$0.88 in 1Q 2022). Revenue: US$797.9m (up 9.9% from 1Q 2022). Net income: US$100.0m (up 34% from 1Q 2022). Profit margin: 13% (up from 10% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 05
ITT Inc. (NYSE:ITT) acquired Micro-Mode Products, Inc. for approximately $80 million. ITT Inc. (NYSE:ITT) acquired Micro-Mode Products, Inc. for approximately $80 million on May 2, 2023. In 2022, Micro-Mode Products reported a total revenues of approximately $26 million.
ITT Inc. (NYSE:ITT) completed the acquisition of Micro-Mode Products, Inc. on May 2, 2023. Buying Opportunity • Apr 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €93.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period. Buying Opportunity • Apr 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be €97.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period. Recent Insider Transactions • Mar 14
Insider recently sold €180k worth of stock On the 10th of March, Ryan Flynn sold around 2k shares on-market at roughly €81.78 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €243k more than they bought in the last 12 months. Buying Opportunity • Mar 14
Now 20% undervalued Over the last 90 days, the stock is up 5.2%. The fair value is estimated to be €102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period. Upcoming Dividend • Mar 01
Upcoming dividend of US$0.29 per share at 1.3% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 03 April 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$4.42 (vs US$3.66 in FY 2021) Full year 2022 results: EPS: US$4.42 (up from US$3.66 in FY 2021). Revenue: US$2.99b (up 8.1% from FY 2021). Net income: US$368.3m (up 17% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jan 06
ITT Inc. to Report Q4, 2022 Results on Feb 09, 2023 ITT Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 09, 2023 Upcoming Dividend • Nov 23
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.7%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. CEO, President & Director Luca Savi was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$1.24 (vs US$1.01 in 3Q 2021) Third quarter 2022 results: EPS: US$1.24 (up from US$1.01 in 3Q 2021). Revenue: US$753.6m (up 9.3% from 3Q 2021). Net income: US$102.5m (up 18% from 3Q 2021). Profit margin: 14% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Recent Insider Transactions • Sep 08
Senior VP & CFO recently sold €203k worth of stock On the 2nd of September, Emmanuel Caprais sold around 3k shares on-market at roughly €73.26 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €254k. This was Emmanuel's only on-market trade for the last 12 months. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Aug 14
Senior VP & General Counsel recently sold €254k worth of stock On the 11th of August, Mary Gustafsson sold around 3k shares on-market at roughly €79.36 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €244k more than they bought in the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.91 (vs US$0.45 in 2Q 2021) Second quarter 2022 results: EPS: US$0.91 (up from US$0.45 in 2Q 2021). Revenue: US$733.3m (up 6.0% from 2Q 2021). Net income: US$75.8m (up 94% from 2Q 2021). Profit margin: 10% (up from 5.6% in 2Q 2021). Over the next year, revenue is forecast to grow 8.7%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. 
