Wall Street Zen Downgrades ITT (NYSE:ITT) to Hold

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

Other research analysts also recently issued research reports about the stock. Robert W. Baird set a $222.00 price target on shares of ITT in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. KeyCorp upped their price objective on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. DA Davidson set a $245.00 target price on shares of ITT in a research report on Monday, February 9th. Finally, Stifel Nicolaus boosted their price target on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $216.11.

ITT Trading Up 1.1%

NYSE ITT opened at $206.52 on Friday. ITT has a 1 year low of $105.64 and a 1 year high of $207.98. The company has a market capitalization of $17.76 billion, a PE ratio of 33.80, a P/E/G ratio of 1.92 and a beta of 1.37. The company has a fifty day moving average of $185.46 and a 200 day moving average of $179.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating 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 net margin of 12.39% and a return on equity of 17.74%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Research analysts forecast that ITT will post 6.51 earnings per share for the current year.

Institutional Investors Weigh In On ITT

Several institutional investors have recently modified their holdings of ITT. Financial Gravity Companies Inc. acquired a new stake in ITT in the 2nd quarter valued at about $27,000. Elyxium Wealth LLC acquired a new stake in shares of ITT in the fourth quarter valued at approximately $29,000. True Wealth Design LLC increased its stake in shares of ITT by 219.2% during the 3rd 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. Atlantic Union Bankshares Corp acquired a new position in shares of ITT during the 2nd quarter worth approximately $34,000. Finally, Parkside Financial Bank & Trust lifted its stake in ITT by 62.8% in the 4th 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. Hedge funds and other institutional investors own 91.59% of the company’s stock.

About ITT

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.