ITT Inc. (NYSE:ITT) Receives $201.25 Average Target Price from Analysts

Shares of ITT Inc. (NYSE:ITT) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $201.25.

Several research firms have commented on ITT. UBS Group upped their price target on shares of ITT from $168.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Wednesday, October 8th. Citigroup raised their target price on ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Cowen reissued a “buy” rating on shares of ITT in a report on Thursday, October 2nd. Finally, Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st.

ITT Price Performance

Shares of NYSE:ITT opened at $188.34 on Friday. ITT has a twelve month low of $105.64 and a twelve month high of $197.07. The company has a current ratio of 1.52, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The company has a market cap of $14.69 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company’s 50 day moving average is $177.72 and its 200 day moving average is $163.08.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $1.78 EPS for the quarter, beating the consensus estimate of $1.67 by $0.11. The business had revenue of $999.10 million during the quarter, compared to analysts’ expectations of $973.69 million. ITT had a net margin of 12.67% and a return on equity of 18.96%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. On average, sell-side analysts forecast that ITT will post 6.51 EPS for the current year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be given a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, December 1st. ITT’s dividend payout ratio (DPR) is currently 23.26%.

Insider Transactions at ITT

In other news, CFO Emmanuel Caprais sold 5,500 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $185.23, for a total transaction of $1,018,765.00. Following the sale, the chief financial officer directly owned 36,830 shares of the company’s stock, valued at $6,822,020.90. This represents a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mesa Graziano Cheryl De sold 238 shares of ITT stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the completion of the transaction, the chief accounting officer owned 5,062 shares of the company’s stock, valued at approximately $926,750.96. This represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Assetmark Inc. grew its stake in ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after acquiring an additional 55 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in ITT by 0.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock valued at $4,454,000 after purchasing an additional 65 shares in the last quarter. Covestor Ltd grew its position in shares of ITT by 15.3% in the third quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock valued at $92,000 after purchasing an additional 68 shares during the period. Merit Financial Group LLC increased its stake in shares of ITT by 1.5% during the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after purchasing an additional 69 shares in the last quarter. Finally, Unique Wealth LLC raised its position in shares of ITT by 1.9% during the 3rd quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate’s stock worth $734,000 after purchasing an additional 75 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Company Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.