ITT (NYSE:ITT) Hits New 52-Week High – Here’s What Happened

ITT Inc. (NYSE:ITT) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $210.13 and last traded at $206.7480, with a volume of 130105 shares trading hands. The stock had previously closed at $196.25.

Wall Street Analyst Weigh In

ITT has been the topic of a number of analyst reports. Citigroup upped their target price on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. KeyCorp upped their target price on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Barclays cut their target price on ITT from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Robert W. Baird set a $222.00 target price on ITT in a research note on Friday, February 6th. Finally, The Goldman Sachs Group began coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.55.

ITT Trading Up 5.7%

The stock’s 50 day moving average is $193.90 and its two-hundred day moving average is $184.57. The company has a market capitalization of $17.84 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13.

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

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 6th were paid a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 6th. ITT’s payout ratio is currently 25.20%.

Insiders Place Their Bets

In other ITT news, CEO Luca Savi sold 63,450 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the sale, the chief executive officer owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ITT

A number of hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its stake in shares of ITT by 1.1% during the 4th quarter. Hsbc Holdings PLC now owns 11,461 shares of the conglomerate’s stock worth $1,994,000 after purchasing an additional 122 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of ITT by 2.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,101 shares of the conglomerate’s stock worth $885,000 after purchasing an additional 126 shares during the last quarter. Bayban purchased a new stake in shares of ITT during the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of ITT by 28,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 290 shares of the conglomerate’s stock worth $50,000 after purchasing an additional 289 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in shares of ITT during the 4th quarter worth $360,000. 91.59% of the stock is currently owned by hedge funds and other 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.