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

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

A number of other brokerages have also weighed in on ITT. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Robert W. Baird set a $222.00 target price on ITT in a research note on Friday, February 6th. DA Davidson set a $245.00 target price on ITT in a research report on Monday. Stifel Nicolaus lifted their price target on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, KeyCorp upped their price objective on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, ITT currently has an average rating of “Buy” and a consensus target price of $216.11.

ITT Stock Performance

Shares of NYSE ITT opened at $203.55 on Friday. The company has a 50-day simple moving average of $182.16 and a 200-day simple moving average of $178.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. The company has a market cap of $17.51 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.37. ITT has a 12 month low of $105.64 and a 12 month high of $207.98.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities analysts anticipate that ITT will post 6.51 earnings per share for the current year.

Institutional Trading of ITT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors lifted its position in ITT by 3.0% during the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after buying an additional 258,936 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares during the period. State Street Corp raised its stake in shares of ITT by 7.4% in the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after acquiring an additional 175,367 shares during the period. Geode Capital Management LLC lifted its holdings in shares of ITT by 15.6% during the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock valued at $280,267,000 after acquiring an additional 217,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in ITT by 55,929.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after purchasing an additional 1,515,695 shares during the period. 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.