ITT (NYSE:ITT) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of ITT (NYSE:ITT) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

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

ITT Stock Performance

ITT stock opened at $206.78 on Friday. The business has a 50 day moving average of $186.69 and a 200-day moving average of $180.51. The company has a market capitalization of $17.78 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.90 and a beta of 1.37. ITT has a 1 year low of $105.64 and a 1 year high of $208.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07.

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

ITT Increases Dividend

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

Institutional Trading of ITT

Large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after acquiring an additional 1,515,695 shares in the last quarter. Norges Bank bought a new position in shares of ITT in the 4th quarter worth $194,884,000. Vanguard Group Inc. grew its position in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after purchasing an additional 620,217 shares during the period. Findlay Park Partners LLP grew its position in ITT by 63.2% in the 4th quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate’s stock valued at $213,574,000 after purchasing an additional 476,702 shares during the period. Finally, Ghisallo Capital Management LLC bought a new stake in ITT during the 4th quarter valued at $78,080,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.