ITT Inc. (NYSE:ITT) Given Consensus Recommendation of “Buy” by Analysts

Shares of ITT Inc. (NYSE:ITTGet Free Report) have been given a consensus rating of “Buy” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $207.1250.

Several analysts have commented on the stock. DA Davidson reiterated a “buy” rating and issued a $215.00 price target on shares of ITT in a research note on Monday, December 8th. UBS Group boosted their target price on ITT from $168.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Citigroup raised their price target on ITT from $207.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Stifel Nicolaus set a $225.00 price objective on ITT in a research note on Friday, December 5th. Finally, KeyCorp upped their price objective on ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th.

Get Our Latest Report on ITT

Insiders Place Their Bets

In other ITT news, CFO Emmanuel Caprais sold 5,500 shares of ITT stock in a transaction on Friday, October 31st. The shares were sold at an average price of $185.23, for a total value of $1,018,765.00. Following the completion of the transaction, the chief financial officer directly owned 36,830 shares of the company’s stock, valued at $6,822,020.90. This trade represents a 12.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mesa Graziano Cheryl De sold 238 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total transaction of $43,573.04. Following the sale, the chief accounting officer owned 5,062 shares in the company, valued at $926,750.96. This represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On ITT

Institutional investors and hedge funds 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. Financial Gravity Companies Inc. bought a new stake in shares of ITT in the 2nd quarter worth about $27,000. Quent Capital LLC purchased a new position in shares of ITT during the 3rd quarter worth about $37,000. Triumph Capital Management bought a new position in ITT during the 3rd quarter valued at about $37,000. Finally, Atlantic Union Bankshares Corp bought a new position in ITT during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

ITT opened at $176.42 on Friday. The company has a 50 day simple moving average of $179.72 and a two-hundred day simple moving average of $170.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 1.05. The firm has a market cap of $15.18 billion, a P/E ratio of 29.31, a PEG ratio of 2.10 and a beta of 1.37. ITT has a 1-year low of $105.64 and a 1-year high of $197.07.

ITT (NYSE:ITTGet Free Report) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.11. The company had revenue of $999.10 million for the quarter, compared to the consensus estimate of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Equities analysts forecast that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be given a dividend of $0.351 per share. The ex-dividend date is Monday, December 1st. This represents a $1.40 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is 23.26%.

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About ITT

(Get Free Report)

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.

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