ITT (NYSE:ITT) Upgraded by Wall Street Zen to Buy Rating

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

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

ITT Trading Up 2.2%

Shares of ITT stock opened at $203.55 on Friday. The company has a market capitalization of $17.51 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $182.16 and its two-hundred day moving average is $178.33. ITT has a twelve month low of $105.64 and a twelve month high of $207.98.

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

Hedge Funds Weigh In On ITT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITT. Amundi grew its position in shares of ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after buying an additional 28,937 shares during the last quarter. Empowered Funds LLC purchased a new position in ITT during the first quarter worth $360,000. Focus Partners Wealth raised its holdings in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after acquiring an additional 3,515 shares during the last quarter. Finally, CWM LLC lifted its position in shares of ITT by 48.8% in the second quarter. CWM LLC now owns 10,028 shares of the conglomerate’s stock valued at $1,573,000 after acquiring an additional 3,287 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.