ITT Inc. (NYSE:ITT) Receives $241.08 Consensus Price Target from Analysts

ITT Inc. (NYSE:ITT) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $241.0833.

A number of analysts have issued reports on the company. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup boosted their price target on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, August 7th. KeyCorp upped their price objective on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a report on Friday, August 7th. BMO Capital Markets restated an “outperform” rating and set a $273.00 price objective on shares of ITT in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st.

ITT Trading Down 0.1%

Shares of ITT stock opened at $202.80 on Friday. The stock has a market cap of $18.13 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.66 and a beta of 1.27. The stock’s 50 day simple moving average is $200.18 and its 200-day simple moving average is $199.70. ITT has a 1-year low of $166.96 and a 1-year high of $230.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85.

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

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 30.20%.

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction that occurred on Friday, August 7th. The shares were 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. The trade was a 8.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On ITT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of ITT in the 2nd quarter valued at $28,000. Elyxium Wealth LLC acquired a new stake in shares of ITT during the 4th quarter worth about $29,000. Bayban purchased a new stake in ITT in the 4th quarter valued at about $31,000. Trust Co. of Vermont purchased a new stake in ITT in the 2nd quarter valued at about $33,000. Finally, Parkside Financial Bank & Trust lifted its position 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 buying an additional 76 shares during the last quarter. Institutional investors and hedge funds 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.