ITT (NYSE:ITT) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of ITT (NYSE:ITT) in a research report issued on Tuesday. The firm set a “buy” rating and a $270.00 price target on the conglomerate’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 40.04% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on ITT. Citigroup boosted their price objective on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Robert W. Baird set a $222.00 target price on ITT in a research note on Friday, February 6th. KeyCorp boosted their price target on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Barclays began coverage on ITT in a report on Monday, March 9th. They issued an “equal weight” rating and a $220.00 price objective on the stock. Finally, Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average price target of $225.55.

ITT Price Performance

Shares of ITT opened at $192.80 on Tuesday. The firm has a market capitalization of $16.58 billion, a PE ratio of 31.56, a PEG ratio of 1.76 and a beta of 1.32. The company’s 50-day moving average is $193.04 and its 200-day moving average is $184.18. ITT has a fifty-two week low of $105.64 and a fifty-two week high of $209.70. 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 (NYSE:ITT) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. ITT’s 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. Equities analysts forecast that ITT will post 6.51 EPS for the current year.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

Institutional Trading of ITT

A number of institutional investors and hedge funds have recently made changes to their positions in ITT. iSAM Funds UK Ltd bought a new position in ITT in the third quarter valued at about $2,113,000. Chesapeake Capital Corp IL bought a new position in shares of ITT in the third quarter worth about $1,125,000. Brown Brothers Harriman & Co. lifted its holdings in shares of ITT by 86,878.2% in the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after acquiring an additional 267,585 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of ITT by 23.6% in the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after purchasing an additional 76,841 shares in the last quarter. Finally, Regents Gate Capital LLP acquired a new stake in shares of ITT in the 3rd quarter valued at approximately $9,381,000. 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.