ITT Inc. (NYSE:ITT) Receives $207.13 Consensus PT from Brokerages

ITT Inc. (NYSE:ITT) has received an average recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $207.1250.

ITT has been the subject of a number of analyst reports. DA Davidson reissued a “buy” rating and set a $215.00 target price on shares of ITT in a research note on Monday, December 8th. KeyCorp lifted their price target on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Bank of America boosted their price objective on ITT from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. TD Cowen raised their target price on ITT from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st.

Insider Activity

In other news, CFO Emmanuel Caprais sold 5,500 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $185.23, for a total value of $1,018,765.00. Following the completion of the transaction, the chief financial officer directly owned 36,830 shares in the company, valued at $6,822,020.90. This trade represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mesa Graziano Cheryl De sold 238 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $183.08, for a total transaction of $43,573.04. Following the transaction, the chief accounting officer owned 5,062 shares in the company, valued at $926,750.96. This represents a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ITT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new stake in shares of ITT in the 2nd quarter worth $27,000. True Wealth Design LLC grew its holdings in ITT by 219.2% during the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 114 shares during the period. Atlantic Union Bankshares Corp bought a new stake in ITT in the second quarter worth about $34,000. Quent Capital LLC bought a new stake in ITT in the third quarter worth about $37,000. Finally, Triumph Capital Management acquired a new stake in ITT in the 3rd quarter valued at about $37,000. 91.59% of the stock is owned by institutional investors.

ITT Trading Up 0.1%

NYSE:ITT opened at $177.52 on Friday. The firm has a market capitalization of $15.27 billion, a P/E ratio of 29.49, a P/E/G ratio of 2.11 and a beta of 1.37. The business has a 50 day simple moving average of $179.93 and a 200 day simple moving average of $171.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 1.05. ITT has a 12-month low of $105.64 and a 12-month high of $197.07.

ITT (NYSE:ITT) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.11. ITT had a return on equity of 18.96% and a net margin of 12.67%.The company had revenue of $999.10 million for the quarter, compared to analysts’ expectations of $973.69 million. During the same period last year, the business posted $1.46 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Equities research analysts predict that ITT will post 6.51 EPS for the current year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be given a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, December 1st. ITT’s dividend payout ratio is currently 23.26%.

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.