ITT (NYSE:ITT) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of ITT (NYSE:ITT) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other equities analysts have also recently commented on the company. Stifel Nicolaus set a $246.00 price target on ITT in a research note on Thursday. KeyCorp lifted their price target on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets started coverage on ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 price target on the stock. Barclays lifted their price target on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, The Goldman Sachs Group started coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and an average price target of $234.00.

ITT Price Performance

Shares of ITT stock opened at $206.13 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 2.07. The business’s 50 day simple moving average is $201.24 and its two-hundred day simple moving average is $190.14. The stock has a market capitalization of $18.43 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.32. ITT has a one year low of $142.64 and a one year high of $225.26.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS 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 business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts forecast that ITT will post 7.89 EPS for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s dividend payout ratio is presently 27.16%.

Insiders Place Their Bets

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of the company’s 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 transaction, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This represents a 2.48% 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. Also, CEO Luca Savi sold 63,450 shares of the company’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 transaction, the chief executive officer directly owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ITT. Elyxium Wealth LLC bought a new position in ITT in the fourth quarter valued at about $29,000. Bayban bought a new position in ITT in the fourth quarter valued at about $31,000. Parkside Financial Bank & Trust lifted its holdings in 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 acquiring an additional 76 shares during the period. Entrust Financial LLC bought a new position in ITT in the fourth quarter valued at about $36,000. Finally, Quent Capital LLC bought a new position in ITT in the third quarter valued at about $37,000. Institutional investors 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.