BMO Capital Markets Begins Coverage on ITT (NYSE:ITT)

Stock analysts at BMO Capital Markets initiated coverage on shares of ITT (NYSE:ITT) in a research report issued on Friday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $233.00 price target on the conglomerate’s stock. BMO Capital Markets’ target price would suggest a potential upside of 26.02% from the stock’s current price.

Several other research analysts also recently weighed in on ITT. Robert W. Baird set a $222.00 price target on shares of ITT in a research report on Friday, February 6th. Stifel Nicolaus boosted their price objective on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Finally, Barclays began coverage on ITT in a research report on Monday, March 9th. They set an “equal weight” rating and a $220.00 price target for the company. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, ITT presently has an average rating of “Moderate Buy” and an average target price of $218.00.

ITT Price Performance

NYSE:ITT opened at $184.89 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. The company has a 50 day moving average price of $192.73 and a 200-day moving average price of $183.94. ITT has a 1-year low of $105.64 and a 1-year high of $209.70. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34.

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

Insider Activity at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On ITT

Several hedge funds and other institutional investors have recently bought and sold shares of the company. True Wealth Design LLC grew its position in ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 114 shares during the period. Elyxium Wealth LLC purchased a new stake in ITT in the fourth quarter valued at $29,000. Bayban acquired a new position in shares of ITT in the 4th quarter valued at $31,000. Parkside Financial Bank & Trust grew its holdings in shares of ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of ITT during the 3rd quarter worth about $37,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.