ITT Inc. (NYSE:ITT) Stock Has Consensus Target Price of $259.56

ITT Inc. (NYSE:ITT) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $260.22.

A number of equities analysts have issued reports on ITT shares. Citigroup lifted their price objective on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, August 7th. KeyCorp increased their target price on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Wolfe Research started coverage on shares of ITT in a research report on Tuesday, September 15th. They set an “outperform” rating and a $272.00 price target on the stock. DA Davidson raised their price target on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, BMO Capital Markets restated an “outperform” rating and set a $273.00 price target on shares of ITT in a report on Friday, August 7th.

Insider Buying and Selling

In related news, CAO Graziano De sold 700 shares of ITT stock in a transaction on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Luca Savi bought 5,019 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the purchase, the chief executive officer owned 267,373 shares of the company’s stock, valued at $53,356,955.88. This trade represents a 1.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On ITT

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new position in ITT during the 2nd quarter valued at about $2,285,000. Diversified Trust Co bought a new stake in ITT during the first quarter worth about $2,478,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in ITT in the second quarter worth about $4,145,000. Allspring Global Investments Holdings LLC grew its holdings in ITT by 15.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 110,200 shares of the conglomerate’s stock worth $21,264,000 after purchasing an additional 15,004 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of ITT during the second quarter valued at approximately $173,436,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of ITT opened at $198.34 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. ITT has a 1 year low of $166.96 and a 1 year high of $230.32. The stock has a market cap of $17.73 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25. The stock’s 50-day moving average price is $205.21 and its two-hundred day moving average price is $201.67.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned $1.64 EPS. ITT’s revenue for the quarter was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities analysts predict that ITT will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th were paid a dividend of $0.3860 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 8th. ITT’s dividend payout ratio is 30.20%.

About ITT

ITT Inc (NYSE: ITT) is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.