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Last $37.41 USD
Change Today +0.69 / 1.88%
Volume 1.0M
As of 4:15 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

itt corp (ITT) Snapshot

Open
$36.72
Previous Close
$36.72
Day High
$37.66
Day Low
$36.68
52 Week High
09/8/14 - $49.42
52 Week Low
08/24/15 - $33.00
Market Cap
3.3B
Average Volume 10 Days
583.0K
EPS TTM
$2.56
Shares Outstanding
89.4M
EX-Date
09/9/15
P/E TM
14.6x
Dividend
$0.47
Dividend Yield
1.22%
Current Stock Chart for ITT CORP (ITT)

itt corp (ITT) Related Businessweek News

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itt corp (ITT) Details

ITT Corporation manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in four segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies. The Industrial Process segment manufactures industrial pumps, valves, and related equipment comprising centrifugal, chemical, slurry and process, and paper stock pumps, as well as vertical, axial flow, multi-stage, and other pumps; twin screw, multiphase boosting system, and progressive cavity pumps; and industrial knife-gate and sanitary diaphragm valves. This segment also offers aftermarket solutions, such as parts supply, inventory optimization, field service, energy and reliability assessment, repair, upgrade, and overall equipment maintenance services; and water treatment systems. The Motion Technologies segment manufactures engineered and durable components comprising brake pads, shock absorbers, and damping technologies for passenger cars, light and heavy-duty commercial and military vehicles, buses, and rail transportation markets. The Interconnect Solutions segment designs and manufactures engineered connectors and cable assemblies, including electrical connectors of various types, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies. The Control Technologies segment provides flow control and actuation components, as well as motion control, energy absorption, and vibration isolation products for commercial aerospace, military, and other markets; and energy absorption, precision motion control, and natural gas regulators primarily for the automation, heavy industry, infrastructure, and oil and gas markets. The company was formerly known as ITT Industries, Inc. and changed its name to ITT Corporation in July 2006. ITT Corporation was founded in 1920 and is headquartered in White Plains, New York.

9,400 Employees
Last Reported Date: 02/20/15
Founded in 1920

itt corp (ITT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $942.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $426.6K
Senior Vice President and President of Motion...
Total Annual Compensation: $539.2K
Executive Vice President and President of Ind...
Total Annual Compensation: $428.5K
Senior Vice President and President of Interc...
Total Annual Compensation: $276.9K
Compensation as of Fiscal Year 2014.

itt corp (ITT) Key Developments

ITT Corporation Declares Third-Quarter Dividend, Payable Oct. 1, 2015

The board of directors of ITT Corporation has declared a third-quarter cash dividend of 11.83 cents per share on the company’s outstanding stock. This cash dividend will be payable Oct. 1, 2015, to shareholders of record as of the close of business on Sept. 11, 2015.

ITT Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance Fro the Full Year of 2015

ITT Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating income of $164.5 million, income from continuing operations before income tax expense was $164.2 million, income from continuing operations was $140.7 million or $1.56 diluted per share, net income attributable to ITT Corporation was $142.3 million or $1.58 diluted per share on revenue of $628.2 million against operating income of $54.5 million, income from continuing operations before income tax expense was $54 million, income from continuing operations was $41.6 million or $0.44 diluted per share, net income attributable to ITT Corporation was $38.3 million or $0.41 diluted per share on revenue of $663 million for the same period a year ago. Adjusted EPS, which excludes special items, increased 15% to $0.69, reflecting solid segment operational performance, lower corporate costs and a lower share count. For the six months, the company reported operating income of $222.4 million, income from continuing operations before income tax expense was $220.9 million, income from continuing operations was $179.3 million or $1.97 diluted per share, net income attributable to ITT Corporation was $187.4 million or $2.03 diluted per share on revenue of $1,216.9 million against operating income of $102.8 million, income from continuing operations before income tax expense was $101.2 million, income from continuing operations was $75.8 million or $0.80 diluted per share, net income attributable to ITT Corporation was $70.5 million or $0.76 diluted per share on revenue of $1,337.5 million for the same period a year ago. Net cash from operating activities was $89.5 million against $84.3 million for the same period a year ago. Capital expenditures were $46.0 million against $45.7 million for the same period a year ago. Adjusted free cash flow was $65.7 million against $62.2 million a year ago. On a GAAP basis, the company is lowering its previously announced full-year 2015 GAAP revenue guidance and raising its full-year EPS guidance. GAAP revenue is expected to be down 9 to 7%. GAAP EPS is now expected to be in the range of $2.32 to $2.50. On an adjusted basis, the company is lowering its full-year EPS guidance by $0.05 at the mid-point, as the continuation of first-half operational execution, incremental second-half restructuring savings and favorable corporate cost controls are expected to be more than offset by lower second-half volumes and the disruption impacts at Interconnect Solutions. Adjusted EPS is now expected to be in the range of $2.45 to $2.55.

ITT Corporation to Report Q2, 2015 Results on Jul 31, 2015

ITT Corporation announced that they will report Q2, 2015 results at 7:00 AM, US Eastern Standard Time on Jul 31, 2015

 

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Industry Analysis

ITT

Industry Average

Valuation ITT Industry Range
Price/Earnings 11.5x
Price/Sales 1.3x
Price/Book 2.6x
Price/Cash Flow 11.0x
TEV/Sales 1.0x
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