ITT (NYSE:ITT) Reaches New 1-Year High – Here’s Why

ITT Inc. (NYSE:ITT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $208.06 and last traded at $206.2510, with a volume of 82728 shares trading hands. The stock had previously closed at $204.15.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ITT shares. KeyCorp lifted their target price on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 price objective on ITT in a research report on Friday, February 6th. Stifel Nicolaus upped their target price on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. DA Davidson set a $245.00 price target on ITT in a research note on Monday, February 9th. Finally, Citigroup boosted their price target on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $216.11.

ITT Stock Performance

The stock has a fifty day moving average price of $186.05 and a 200 day moving average price of $180.22. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The company’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. As a group, analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be given a $0.386 dividend. This is an increase from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, March 6th. ITT’s dividend payout ratio (DPR) is 22.91%.

Institutional Trading of ITT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Andina Capital Management LLC raised its stake in ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after purchasing an additional 49 shares during the last quarter. Toronto Dominion Bank grew its position in ITT by 2.2% during the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after buying an additional 53 shares in the last quarter. Assetmark Inc. increased its stake in ITT by 10.9% during the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after acquiring an additional 55 shares during the period. Stephens Inc. AR increased its position in shares of ITT by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 60 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in ITT by 0.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock worth $4,454,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds 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.