ITT (NYSE:ITT) Coverage Initiated at BMO Capital Markets

Equities researchers at BMO Capital Markets initiated coverage on shares of ITT (NYSE:ITT) in a report issued on Friday. The firm set an “outperform” rating and a $233.00 price target on the conglomerate’s stock. BMO Capital Markets’ target price points to a potential upside of 24.57% from the stock’s current price.

ITT has been the topic of a number of other reports. Barclays started coverage on shares of ITT in a research note on Monday, March 9th. They issued an “equal weight” rating and a $220.00 price target on the stock. Citigroup upped their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Robert W. Baird set a $222.00 target price on shares of ITT in a research report on Friday, February 6th. Stifel Nicolaus boosted their target price on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, DA Davidson set a $245.00 price target on shares of ITT in a report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

ITT Price Performance

Shares of ITT stock opened at $187.04 on Friday. The business has a fifty day simple moving average of $192.70 and a 200 day simple moving average of $183.77. The company has a market cap of $16.09 billion, a P/E ratio of 30.61, a P/E/G ratio of 1.79 and a beta of 1.34. 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 has a twelve month low of $105.64 and a twelve month high of $209.70.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. The firm had revenue of $1.05 billion for 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%.The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, sell-side analysts forecast that ITT will post 6.51 EPS for the current fiscal year.

Insider Activity at ITT

In related news, CEO Luca Savi sold 63,450 shares of the business’s 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 of the company’s stock, valued at $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. iSAM Funds UK Ltd acquired a new position in shares of ITT during the third quarter worth approximately $2,113,000. Chesapeake Capital Corp IL bought a new position in shares of ITT in the 3rd quarter worth $1,125,000. Brown Brothers Harriman & Co. grew its position in ITT by 86,878.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after purchasing an additional 267,585 shares during the period. Mawer Investment Management Ltd. increased its stake in ITT by 23.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after purchasing an additional 76,841 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in ITT by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 284,743 shares of the conglomerate’s stock valued at $44,656,000 after purchasing an additional 7,516 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

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.