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

ITT (NYSE:ITT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other research firms also recently commented on ITT. Cowen reaffirmed a “buy” rating on shares of ITT in a research note on Thursday, October 2nd. KeyCorp upped their target price on ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Citigroup lifted their price target on shares of ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $225.00 price objective on ITT in a research note on Friday, December 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $207.13.

ITT Stock Performance

ITT stock opened at $183.46 on Monday. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.95 and a beta of 1.37. The stock has a fifty day moving average of $179.52 and a two-hundred day moving average of $174.23. ITT has a fifty-two week low of $105.64 and a fifty-two week high of $197.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.52.

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

Insider Transactions at ITT

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ITT. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of ITT in the 4th quarter worth $268,000. Lantz Financial LLC lifted its position in shares of ITT by 8.9% in the fourth quarter. Lantz Financial LLC now owns 1,529 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 125 shares in the last quarter. USA Financial Formulas purchased a new position in shares of ITT during the 4th quarter valued at $138,000. Exchange Traded Concepts LLC acquired a new position in ITT in the 4th quarter worth about $357,000. Finally, Pallas Capital Advisors LLC raised its position in ITT by 2.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,902 shares of the conglomerate’s stock valued at $677,000 after acquiring an additional 97 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.