ITT (NYSE:ITT) Research Coverage Started at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of ITT (NYSE:ITT) in a research note issued to investors on Friday morning, Marketbeat.com reports. The firm issued an outperform rating and a $233.00 price objective on the conglomerate’s stock.

Several other equities analysts have also recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Barclays started coverage on shares of ITT in a research report on Monday, March 9th. They issued an “equal weight” rating and a $220.00 price target on the stock. DA Davidson set a $245.00 price objective on shares of ITT in a research report on Monday, February 9th. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $218.00.

ITT Stock Performance

ITT stock opened at $184.89 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. ITT has a 1 year low of $105.64 and a 1 year high of $209.70. The company has a market cap of $15.90 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. The stock’s fifty day moving average price is $192.73 and its 200-day moving average price is $184.01.

ITT (NYSE:ITT) last posted 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. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.ITT’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities analysts forecast that ITT will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.386 per share. This is a boost from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 6th. ITT’s payout ratio is 25.20%.

Insider Activity at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the sale, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. The trade was a 19.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC increased its position in ITT by 1.1% in the fourth quarter. Hsbc Holdings PLC now owns 11,461 shares of the conglomerate’s stock worth $1,994,000 after purchasing an additional 122 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in ITT by 2.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,101 shares of the conglomerate’s stock valued at $885,000 after purchasing an additional 126 shares during the last quarter. Bayban purchased a new position in shares of ITT in the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of ITT by 28,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 290 shares of the conglomerate’s stock valued at $50,000 after acquiring an additional 289 shares during the last quarter. Finally, MidFirst Bank purchased a new position in ITT in the fourth quarter worth about $360,000. 91.59% of the stock is currently owned by 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.