Wall Street Zen Upgrades ITT (NYSE:ITT) to “Buy”

ITT (NYSE:ITT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

ITT has been the subject of a number of other reports. DA Davidson reissued a “buy” rating and set a $215.00 target price on shares of ITT in a research note on Monday, December 8th. Stifel Nicolaus set a $225.00 target price on shares of ITT in a research report on Friday, December 5th. KeyCorp raised their price objective on ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. TD Cowen upped their price objective on shares of ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Citigroup raised their target price on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $207.13.

ITT Stock Performance

Shares of NYSE:ITT opened at $181.93 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. ITT has a 12 month low of $105.64 and a 12 month high of $197.07. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 1.93 and a beta of 1.37. The firm’s 50-day moving average is $179.92 and its 200 day moving average is $173.23.

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

Insider Buying and Selling at ITT

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

Institutional Trading of ITT

A number of institutional investors and hedge funds have recently bought and sold shares of ITT. True Wealth Design LLC grew its holdings in shares of ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 114 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in ITT in the 2nd quarter valued at approximately $27,000. Quent Capital LLC purchased a new stake in shares of ITT during the third quarter worth $37,000. Triumph Capital Management acquired a new stake in shares of ITT in the third quarter valued at $37,000. Finally, Atlantic Union Bankshares Corp purchased a new position in ITT in the second quarter valued at $34,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.