ITT (NYSE:ITT) Sets New 12-Month High – Still a Buy?

Shares of ITT Inc. (NYSE:ITT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $208.06 and last traded at $206.2510, with a volume of 82728 shares changing hands. The stock had previously closed at $204.15.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ITT. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Sunday. Robert W. Baird set a $222.00 price objective on ITT in a report on Friday, February 6th. KeyCorp increased their target price on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Stifel Nicolaus boosted their price target on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, ITT currently has a consensus rating of “Buy” and an average price target of $216.11.

ITT Price Performance

The stock has a fifty day moving average of $186.05 and a two-hundred day moving average of $180.22. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 1.92 and a beta of 1.37.

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

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be given a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, March 6th. This is a boost from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio is 22.91%.

Institutional Trading of ITT

Several hedge funds have recently modified their holdings of ITT. Amundi lifted its holdings in ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after buying an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after acquiring an additional 28,937 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of ITT during the first quarter valued at $360,000. Focus Partners Wealth boosted its holdings in ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after acquiring an additional 3,515 shares during the last quarter. Finally, Ethic Inc. increased its position in ITT by 7.0% in the second quarter. Ethic Inc. now owns 7,126 shares of the conglomerate’s stock worth $1,126,000 after purchasing an additional 465 shares during the period. 91.59% of the stock is owned by institutional investors.

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.