ITT (NYSE:ITT) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of ITT (NYSE:ITT) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

A number of other research firms also recently weighed in on ITT. Citigroup raised their price target on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Stifel Nicolaus lifted their price objective on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, February 6th. DA Davidson set a $245.00 target price on shares of ITT in a report on Monday, February 9th. KeyCorp raised their target price 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, Robert W. Baird set a $222.00 price target on ITT in a report on Friday, February 6th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $216.11.

ITT Stock Performance

Shares of ITT stock opened at $206.52 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The stock’s 50-day moving average is $185.46 and its 200-day moving average is $179.94. ITT has a one year low of $105.64 and a one year high of $207.98.

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

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. ITT’s dividend payout ratio is 22.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new stake in shares of ITT in the second quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in ITT in the 4th quarter valued at about $29,000. True Wealth Design LLC grew its position in shares of ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 114 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of ITT during the second quarter worth approximately $34,000. Finally, Parkside Financial Bank & Trust raised its position in shares of ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

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.