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

Shares of ITT Inc. (NYSE:ITT) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $234.9091.

A number of equities analysts have issued reports on the stock. Weiss Ratings downgraded shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Citigroup lifted their target price on shares of ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Stifel Nicolaus set a $246.00 target price on ITT in a report on Thursday, May 7th. Finally, KeyCorp upped their price target on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th.

Insider Activity at ITT

In other ITT news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the sale, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. This represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Amundi lifted its position in shares of ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after acquiring an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after purchasing an additional 28,937 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of ITT during the first quarter worth about $360,000. Focus Partners Wealth raised its stake in ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in ITT during the 2nd quarter valued at approximately $1,880,000. Institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of NYSE ITT opened at $184.89 on Thursday. ITT has a fifty-two week low of $154.29 and a fifty-two week high of $225.26. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 1.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The firm’s 50-day simple moving average is $196.34 and its 200 day simple moving average is $194.29.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, research analysts anticipate that ITT will post 7.91 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were paid a dividend of $0.386 per share. The ex-dividend date was Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s payout ratio is 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.