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

ITT Inc. (NYSE:ITT) has received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $234.4167.

A number of analysts recently commented on ITT shares. The Goldman Sachs Group assumed coverage on shares of ITT in a research note on Tuesday, March 31st. They set a “buy” rating and a $270.00 price target on the stock. Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Stifel Nicolaus set a $246.00 target price on ITT in a research report on Thursday, May 7th. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a report on Thursday, July 9th. Finally, Citigroup lifted their price target on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th.

ITT Trading Down 0.4%

Shares of ITT stock opened at $194.06 on Thursday. ITT has a 52-week low of $154.29 and a 52-week high of $225.26. The stock’s 50-day simple moving average is $194.32 and its 200 day simple moving average is $194.88. The stock has a market capitalization of $17.35 billion, a P/E ratio of 34.23, a P/E/G ratio of 1.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

ITT (NYSE:ITT) last issued its 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the business earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, research analysts anticipate that ITT will post 7.91 EPS for the current year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 8th were issued a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 8th. ITT’s payout ratio is presently 27.16%.

Insider Activity

In other news, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Trust Point Inc. grew its position in shares of ITT by 15.5% during the 2nd quarter. Trust Point Inc. now owns 1,472 shares of the conglomerate’s stock valued at $291,000 after purchasing an additional 198 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ITT by 5.8% in the second quarter. GAMMA Investing LLC now owns 3,093 shares of the conglomerate’s stock worth $612,000 after buying an additional 169 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in ITT by 644.9% during the second quarter. Harbor Investment Advisory LLC now owns 581 shares of the conglomerate’s stock valued at $115,000 after buying an additional 503 shares during the period. Central Pacific Bank Trust Division boosted its stake in ITT by 4.4% during the second quarter. Central Pacific Bank Trust Division now owns 13,362 shares of the conglomerate’s stock valued at $2,642,000 after buying an additional 560 shares during the period. Finally, Basecamp Wealth Advisors LLC grew its position in ITT by 47.1% during the first quarter. Basecamp Wealth Advisors LLC now owns 603 shares of the conglomerate’s stock worth $115,000 after buying an additional 193 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

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.