The Goldman Sachs Group Initiates Coverage on ITT (NYSE:ITT)

Research analysts at The Goldman Sachs Group assumed coverage on shares of ITT (NYSE:ITT) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $270.00 price target on the conglomerate’s stock. The Goldman Sachs Group’s target price points to a potential upside of 44.18% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. DA Davidson set a $245.00 price objective on shares of ITT in a research note on Monday, February 9th. BMO Capital Markets began coverage on ITT in a report on Friday. They issued an “outperform” rating and a $233.00 target price for the company. Robert W. Baird set a $222.00 price target on ITT in a research note on Friday, February 6th. Finally, Stifel Nicolaus raised their target price on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.45.

ITT Stock Up 3.4%

NYSE ITT traded up $6.24 during trading on Tuesday, reaching $187.27. 294,132 shares of the company’s stock were exchanged, compared to its average volume of 958,065. The company has a 50 day moving average price of $192.68 and a two-hundred day moving average price of $184.03. The stock has a market cap of $16.11 billion, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. ITT has a 1 year low of $105.64 and a 1 year high of $209.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58.

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

Insider Activity at ITT

In related news, CEO Luca Savi sold 63,450 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by company insiders.

Institutional Trading of ITT

Hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of ITT during the 4th quarter worth approximately $29,000. True Wealth Design LLC boosted its position 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 purchasing an additional 114 shares in the last quarter. Bayban acquired a new stake in ITT in the fourth quarter valued at $31,000. Parkside Financial Bank & Trust increased its position in shares of ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares in the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of ITT in the 4th quarter worth about $36,000. 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.