ITT (NYSE:ITT) Lowered to Hold Rating by Wall Street Zen

ITT (NYSE:ITT) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

ITT has been the topic of a number of other research reports. KeyCorp lifted their target price on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Stifel Nicolaus increased their target price on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. DA Davidson set a $245.00 price target on shares of ITT in a research report on Monday, February 9th. Citigroup boosted their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ITT presently has an average rating of “Buy” and a consensus target price of $216.11.

ITT Stock Performance

Shares of NYSE ITT opened at $206.52 on Friday. The company has a 50-day simple moving average of $185.46 and a 200-day simple moving average of $179.84. 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 $17.76 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.92 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 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. 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.

Hedge Funds Weigh In On ITT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of ITT by 55,929.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after acquiring an additional 1,515,695 shares during the period. Norges Bank purchased a new position in ITT during the fourth quarter valued at approximately $194,884,000. Vanguard Group Inc. lifted its holdings in shares of ITT by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after buying an additional 620,217 shares during the last quarter. Findlay Park Partners LLP lifted its stake in shares of ITT by 63.2% in the 4th quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate’s stock valued at $213,574,000 after purchasing an additional 476,702 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in shares of ITT in the 4th quarter valued at approximately $78,080,000. Institutional investors 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.