ITT (NYSE:ITT) Now Covered by BMO Capital Markets

BMO Capital Markets began coverage on shares of ITT (NYSE:ITT) in a report issued on Friday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $233.00 price objective on the conglomerate’s stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus lifted their target price on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday, February 6th. Barclays started coverage on ITT in a research report on Monday, March 9th. They set an “equal weight” rating and a $220.00 price objective for the company. Citigroup upped their target price on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. DA Davidson set a $245.00 price target on shares of ITT in a research note on Monday, February 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

ITT Price Performance

ITT stock opened at $184.89 on Friday. The business’s fifty day moving average price is $192.73 and its 200 day moving average price is $183.86. ITT has a 12-month low of $105.64 and a 12-month high of $209.70. 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 company has a market capitalization of $15.90 billion, a PE ratio of 30.26, a P/E/G ratio of 1.73 and a beta of 1.34.

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

ITT Increases Dividend

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

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the 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 directly owned 262,354 shares in the company, valued at $50,028,284.26. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Capital International Investors raised its stake in ITT by 3.0% during the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock worth $1,526,421,000 after acquiring an additional 258,936 shares in the last quarter. Vanguard Group Inc. boosted its stake in ITT by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares in the last quarter. State Street Corp grew its holdings in shares of ITT by 7.4% during the fourth quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock worth $441,880,000 after purchasing an additional 175,367 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ITT by 15.6% during the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after purchasing an additional 217,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after purchasing an additional 1,515,695 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

About ITT

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.