ITT Inc. (NYSE:ITT) Stock Has Average Target Price of $259.56 According to Analysts

ITT Inc. (NYSE:ITT) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $260.22.

A number of brokerages have recently issued reports on ITT. Stifel Nicolaus set a $256.00 price objective on ITT in a research note on Monday. DA Davidson boosted their target price on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Citigroup increased their target price on ITT from $254.00 to $267.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wolfe Research started coverage on ITT in a research report on Tuesday, September 15th. They set an “outperform” rating and a $272.00 price target on the stock. Finally, KeyCorp lifted their price target on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th.

Insider Activity at ITT

In other news, CEO Luca Savi purchased 5,019 shares of the company’s stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the transaction, the chief executive officer directly owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. This represents a 1.91% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Graziano De sold 700 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the sale, the chief accounting officer owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ITT

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of ITT during the third quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in ITT in the 2nd quarter worth approximately $28,000. Trust Co. of Vermont purchased a new position in shares of ITT in the second quarter worth $33,000. Bayban bought a new position in shares of ITT during the fourth quarter valued at $31,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of ITT during the second quarter valued at $43,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Trading Up 0.8%

Shares of ITT opened at $189.72 on Friday. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 1.54 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. ITT has a fifty-two week low of $166.96 and a fifty-two week high of $230.32. The firm has a 50 day moving average price of $203.32 and a 200-day moving average price of $201.62.

ITT (NYSE:ITT) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating the consensus estimate of $1.92 by $0.16. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities research analysts forecast that ITT will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

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%.

ITT Company Profile

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.