ITT (NYSE:ITT) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of ITT (NYSE:ITT) from a hold rating to a buy rating in a research note released on Monday morning.

ITT has been the subject of several other research reports. Citigroup lifted their price objective on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Robert W. Baird set a $222.00 price target on shares of ITT in a research note on Friday, February 6th. Stifel Nicolaus increased their price objective on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, DA Davidson set a $245.00 target price on ITT in a research note on Monday, February 9th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, ITT currently has a consensus rating of “Buy” and a consensus price target of $216.11.

ITT Stock Performance

ITT stock opened at $198.95 on Monday. The firm has a market cap of $17.11 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 1.87 and a beta of 1.34. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $188.99 and a 200-day moving average price of $181.49. ITT has a 1-year low of $105.64 and a 1-year high of $209.70.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.01 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, equities research analysts expect that ITT will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is presently 22.91%.

Hedge Funds Weigh In On ITT

Several large investors have recently added to or reduced their stakes in the business. MidFirst Bank bought a new stake in ITT during the 4th quarter worth approximately $360,000. Pacer Advisors Inc. lifted its holdings in shares of ITT by 114.4% in the fourth quarter. Pacer Advisors Inc. now owns 22,252 shares of the conglomerate’s stock valued at $3,861,000 after purchasing an additional 11,872 shares in the last quarter. Dean Capital Management boosted its position in shares of ITT by 3.3% during the fourth quarter. Dean Capital Management now owns 12,168 shares of the conglomerate’s stock valued at $2,111,000 after buying an additional 388 shares during the last quarter. Compound Planning Inc. boosted its position in shares of ITT by 8.1% during the fourth quarter. Compound Planning Inc. now owns 2,335 shares of the conglomerate’s stock valued at $405,000 after buying an additional 175 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in ITT by 15.2% during the fourth quarter. Invesco Ltd. now owns 1,300,760 shares of the conglomerate’s stock worth $225,695,000 after buying an additional 171,827 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.