ITT (NYSE:ITT) Price Target Cut to $218.00 by Analysts at Stifel Nicolaus

ITT (NYSE:ITT) had its target price lowered by Stifel Nicolaus from $225.00 to $218.00 in a research report report published on Friday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the conglomerate’s stock.

A number of other brokerages also recently weighed in on ITT. KeyCorp raised their target price on shares of ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Wednesday, October 8th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Monday, January 19th. Citigroup lifted their price objective on ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, DA Davidson reissued a “buy” rating and issued a $215.00 target price on shares of ITT in a report on Monday, December 8th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $206.25.

ITT Price Performance

Shares of ITT stock opened at $183.08 on Friday. The business’s fifty day moving average is $179.02 and its 200 day moving average is $174.82. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.66 and a beta of 1.37. ITT has a twelve month low of $105.64 and a twelve month high of $197.07.

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

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were paid a $0.351 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is currently 23.26%.

Insiders Place Their Bets

In other ITT news, CFO Emmanuel Caprais sold 5,500 shares of the company’s stock in a transaction dated 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 approximately $6,822,020.90. This represents a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 238 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total transaction of $43,573.04. Following the sale, the chief accounting officer directly owned 5,062 shares in the company, valued at approximately $926,750.96. The trade was a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITT. Financial Gravity Companies Inc. bought a new stake in ITT in the 2nd quarter worth approximately $27,000. True Wealth Design LLC boosted its stake in shares of ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after buying an additional 114 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of ITT in the 2nd quarter worth $34,000. Quent Capital LLC bought a new stake in shares of ITT in the third quarter worth $37,000. Finally, Triumph Capital Management purchased a new stake in ITT during the third quarter valued at $37,000. 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.