ITT (NYSE:ITT) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of ITT (NYSE:ITT) in a report released on Tuesday morning. The firm issued a buy rating and a $270.00 target price on the conglomerate’s stock.

Other analysts have also issued research reports about the stock. Robert W. Baird set a $222.00 price objective on shares of ITT in a report on Friday, February 6th. KeyCorp boosted their target price on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. DA Davidson set a $245.00 price target on ITT in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Finally, Citigroup lifted their price objective on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $226.45.

ITT Stock Up 5.3%

Shares of NYSE:ITT opened at $190.64 on Tuesday. The company’s fifty day moving average is $192.90 and its 200-day moving average is $184.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. ITT has a 52 week low of $105.64 and a 52 week high of $209.70. The company has a market capitalization of $16.40 billion, a PE ratio of 31.20, a P/E/G ratio of 1.67 and a beta of 1.34.

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

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be given a dividend of $0.386 per share. The ex-dividend date is Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Insider Activity at ITT

In other news, CEO Luca Savi sold 63,450 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in shares of ITT in the 4th quarter valued at $29,000. True Wealth Design LLC lifted its stake in shares of ITT by 219.2% during the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 114 shares during the period. Bayban acquired a new position in shares of ITT during the fourth quarter valued at $31,000. Parkside Financial Bank & Trust boosted its holdings in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 76 shares during the last quarter. Finally, Entrust Financial LLC bought a new position in ITT in the fourth quarter valued at about $36,000. Institutional investors and hedge funds 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.