ITT (NYSE:ITT) Coverage Initiated by Analysts at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group initiated coverage on shares of ITT (NYSE:ITT) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $270.00 price target on the conglomerate’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 44.18% from the stock’s previous close.

Several other research firms have also recently commented on ITT. Stifel Nicolaus lifted their target price on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. BMO Capital Markets assumed coverage on ITT in a research report on Friday. They issued an “outperform” rating and a $233.00 price objective for the company. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. KeyCorp upped their price objective on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $226.45.

ITT Price Performance

ITT stock traded up $6.24 during trading on Tuesday, hitting $187.27. The stock had a trading volume of 294,132 shares, compared to its average volume of 958,065. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The company’s 50 day moving average price is $192.68 and its two-hundred day moving average price is $184.03. ITT has a 1-year low of $105.64 and a 1-year high of $209.70.

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

Insider Transactions at ITT

In related news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the transaction, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On ITT

A number of hedge funds have recently made changes to their positions in the business. iSAM Funds UK Ltd purchased a new stake in ITT during the 3rd quarter worth approximately $2,113,000. Chesapeake Capital Corp IL purchased a new position in shares of ITT during the 3rd quarter valued at approximately $1,125,000. Brown Brothers Harriman & Co. grew its position in shares of ITT by 86,878.2% during the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after buying an additional 267,585 shares in the last quarter. Mawer Investment Management Ltd. grew its position in shares of ITT by 23.6% during the third quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock worth $72,026,000 after buying an additional 76,841 shares in the last quarter. Finally, Regents Gate Capital LLP bought a new stake in shares of ITT in the third quarter worth $9,381,000. Hedge funds and other institutional investors 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.