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

Shares of ITT Inc. (NYSE:ITT) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $234.9091.

Several equities research analysts recently commented on the company. Citigroup lifted their price objective on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Robert W. Baird set a $246.00 price objective on ITT in a report on Thursday, May 7th. DA Davidson lifted their price objective on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

Insider Activity

In other ITT news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ITT. Elyxium Wealth LLC purchased a new position in shares of ITT during the 4th quarter valued at about $29,000. Bayban purchased a new position in shares of ITT during the 4th quarter valued at about $31,000. Parkside Financial Bank & Trust lifted its position in shares of ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares in the last quarter. Entrust Financial LLC purchased a new position in shares of ITT during the 4th quarter valued at about $36,000. Finally, Triumph Capital Management purchased a new position in shares of ITT during the 3rd quarter valued at about $37,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Price Performance

Shares of NYSE:ITT opened at $188.59 on Friday. ITT has a 1-year low of $149.02 and a 1-year high of $225.26. The business has a fifty day moving average price of $203.39 and a 200-day moving average price of $192.31. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. The company has a market capitalization of $16.86 billion, a PE ratio of 33.26, a PEG ratio of 1.78 and a beta of 1.27.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, equities analysts expect that ITT will post 7.9 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be given a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s dividend payout ratio (DPR) is presently 27.16%.

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.