ITT (NYSE:ITT) Price Target Raised to $255.00

ITT (NYSE:ITT) had its price target lifted by DA Davidson from $245.00 to $255.00 in a report published on Monday morning, MarketBeat reports. DA Davidson currently has a buy rating on the conglomerate’s stock.

A number of other equities research analysts have also commented on the stock. Stifel Nicolaus set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. Robert W. Baird set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. Barclays raised their price objective on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Tuesday, April 21st. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $234.91.

ITT Trading Down 1.1%

Shares of NYSE ITT opened at $203.44 on Monday. The company’s fifty day moving average is $201.40 and its 200-day moving average is $191.04. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 1.93 and a beta of 1.32. ITT has a twelve month low of $145.41 and a twelve month high of $225.26. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71.

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

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s payout ratio is presently 27.16%.

Insider Buying and Selling at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori B. Marino sold 7,123 shares of the business’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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 70,773 shares of company stock worth $13,624,470. Insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC acquired a new position in shares of ITT during the 4th quarter worth about $29,000. Bayban acquired a new position in shares of ITT during the 4th quarter worth about $31,000. Parkside Financial Bank & Trust increased its stake in shares of ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the last quarter. Entrust Financial LLC acquired a new position in shares of ITT during the 4th quarter worth about $36,000. Finally, Quent Capital LLC acquired a new position in shares of ITT during the 3rd quarter worth about $37,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.