ITT Inc. (NYSE:ITT) Given Consensus Recommendation of “Buy” by Analysts

Shares of ITT Inc. (NYSE:ITT) have been assigned a consensus recommendation of “Buy” from the ten research firms that are covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $207.1250.

ITT has been the topic of several research reports. Cowen reaffirmed a “buy” rating on shares of ITT in a research report on Thursday, October 2nd. Citigroup boosted their target price on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research report on Sunday. DA Davidson reiterated a “buy” rating and issued a $215.00 price target on shares of ITT in a research report on Monday, December 8th. Finally, KeyCorp boosted their price objective on shares of ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th.

Insiders Place Their Bets

In related news, CAO Mesa Graziano Cheryl De sold 238 shares of the company’s stock in a transaction on 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 directly owned 5,062 shares in the company, valued at approximately $926,750.96. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emmanuel Caprais sold 5,500 shares of the business’s 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 sale, 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 position. The SEC filing for this sale provides additional information. Insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On ITT

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. boosted its position in ITT by 10.9% during the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after buying an additional 55 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of 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 boosted its holdings in shares of ITT by 15.3% during the 3rd quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock valued at $92,000 after buying an additional 68 shares in the last quarter. Merit Financial Group LLC grew its holdings in ITT by 1.5% in 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 during the period. Finally, IFP Advisors Inc increased its position in ITT by 4.0% during the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock valued at $330,000 after buying an additional 71 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Trading Down 1.8%

Shares of ITT stock opened at $180.95 on Thursday. ITT has a 12-month low of $105.64 and a 12-month high of $197.07. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $15.57 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 1.96 and a beta of 1.37. The stock has a fifty day simple moving average of $179.66 and a 200 day simple moving average of $173.77.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.11. The business had revenue of $999.10 million for 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 firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 earnings per share. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. On average, sell-side analysts anticipate that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were paid a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, December 1st. ITT’s payout ratio is currently 23.26%.

About ITT

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.