ITT Inc. (NYSE:ITT) Given Average Rating of “Moderate Buy” by Brokerages

ITT Inc. (NYSE:ITT) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $234.9091.

A number of equities research analysts recently weighed in on ITT shares. Stifel Nicolaus set a $246.00 price target on ITT in a report on Thursday, May 7th. DA Davidson upped their price target on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Barclays upped their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Citigroup upped their price target on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Insider Buying and Selling at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Luca Savi sold 63,450 shares of the stock in a transaction 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 70,773 shares of company stock worth $13,624,470. 0.88% of the stock is owned by insiders.

Institutional Investors Weigh In On ITT

A number of large investors have recently bought and sold shares of the stock. Andina Capital Management LLC lifted its stake in shares of ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after purchasing an additional 49 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of ITT by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 52 shares during the period. Whittier Trust Co. lifted its stake in shares of ITT by 5.1% during the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after purchasing an additional 52 shares during the period. Toronto Dominion Bank lifted its stake in shares of ITT by 2.2% during the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after purchasing an additional 53 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of ITT by 10.9% during the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $195.15 on Wednesday. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $202.06 and a 200-day simple moving average of $191.61. ITT has a 12-month low of $145.41 and a 12-month high of $225.26.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities analysts forecast that ITT will post 7.91 EPS for the current year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be issued a $0.386 dividend. The ex-dividend date is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio is currently 27.16%.

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.