ITT (NYSE:ITT) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of ITT (NYSE:ITT) from a hold rating to a buy rating in a research note released on Saturday.

A number of other equities research analysts have also issued reports on ITT. Stifel Nicolaus lifted their target price on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. DA Davidson set a $245.00 price objective on shares of ITT in a research note on Monday, February 9th. KeyCorp upped their price objective on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Citigroup raised their target price on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $216.11.

ITT Trading Up 2.2%

Shares of NYSE ITT opened at $203.55 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. ITT has a one year low of $105.64 and a one year high of $207.98. The business has a 50-day moving average price of $182.16 and a two-hundred day moving average price of $178.45. The firm has a market capitalization of $17.51 billion, a PE ratio of 33.31, a PEG ratio of 1.89 and a beta of 1.37.

ITT (NYSE:ITT) last issued its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, analysts predict that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be given a dividend of $0.386 per share. This is a boost from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, March 6th. ITT’s dividend payout ratio (DPR) is presently 25.20%.

Institutional Investors Weigh In On ITT

Institutional investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. acquired a new position in shares of ITT in the 2nd quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in ITT in the fourth quarter valued at about $29,000. True Wealth Design LLC raised its position in ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 114 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in ITT during the second quarter worth about $34,000. Finally, Parkside Financial Bank & Trust boosted its holdings in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Company Profile

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.