ITT Inc. (NYSE:ITT) Receives $241.08 Consensus Target Price from Brokerages

ITT Inc. (NYSE:ITT) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $244.8182.

A number of analysts have recently weighed in on ITT shares. Robert W. Baird set a $246.00 price target on shares of ITT in a research report on Thursday, May 7th. Stifel Nicolaus increased their price objective on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective for the company in a report on Thursday, July 9th. KeyCorp boosted their target price on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Barclays upped their target price on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th.

ITT Stock Down 3.1%

Shares of NYSE ITT opened at $194.03 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. ITT has a 1 year low of $166.96 and a 1 year high of $230.32. The stock’s 50-day simple moving average is $200.19 and its 200-day simple moving average is $199.64. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 1.64 and a beta of 1.27.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business posted $1.64 earnings per share. ITT’s revenue for the quarter was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities analysts anticipate that ITT will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s payout ratio is currently 30.20%.

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the sale, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Luca Savi purchased 5,019 shares of the stock in a transaction dated Monday, August 31st. The stock was purchased at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the acquisition, the chief executive officer directly owned 267,373 shares in the company, valued at approximately $53,356,955.88. The trade was a 1.91% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On ITT

A number of hedge funds have recently added to or reduced their stakes in ITT. Amundi lifted its position in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after buying an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after acquiring an additional 28,937 shares during the last quarter. Empowered Funds LLC bought a new position in ITT in the first quarter worth about $360,000. Focus Partners Wealth grew its stake in ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after buying an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in ITT during the 2nd quarter worth $1,880,000. 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.