ITT (NYSE:ITT) Raised to Buy at Wall Street Zen

ITT (NYSE:ITT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other analysts have also recently commented on ITT. DA Davidson set a $245.00 target price on shares of ITT in a research note on Monday, February 9th. Citigroup lifted 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 price objective on ITT in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Finally, Stifel Nicolaus lifted their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $216.11.

ITT Stock Up 2.2%

Shares of ITT opened at $203.55 on Friday. The firm has a market cap of $17.51 billion, a P/E ratio of 33.31, a PEG ratio of 1.89 and a beta of 1.37. ITT has a 12 month low of $105.64 and a 12 month high of $207.98. The stock’s 50 day moving average is $182.16 and its two-hundred day moving average is $178.59. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.50 EPS. The business’s revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Analysts predict that ITT will post 6.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. True Wealth Design LLC boosted its stake 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 buying an additional 114 shares during the period. Elyxium Wealth LLC acquired a new position in shares of ITT in the 4th quarter worth approximately $29,000. Financial Gravity Companies Inc. purchased a new position in shares of ITT during the 2nd quarter worth approximately $27,000. Parkside Financial Bank & Trust increased its holdings in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in ITT in the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

About ITT

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.