ITT (NYSE:ITT) Now Covered by Analysts at Barclays

Barclays assumed coverage on shares of ITT (NYSE:ITT) in a research note released on Monday, Marketbeat Ratings reports. The firm issued an equal weight rating and a $220.00 target price on the conglomerate’s stock.

A number of other research firms have also weighed in on ITT. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. DA Davidson set a $245.00 price objective on shares of ITT in a research report on Monday, February 9th. KeyCorp raised their target price on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 target price on shares of ITT in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $216.50.

ITT Stock Up 0.3%

ITT stock opened at $186.20 on Monday. The stock has a 50 day moving average of $190.27 and a two-hundred day moving average of $182.36. ITT has a twelve month low of $105.64 and a twelve month high of $209.70. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.71 and a beta of 1.34. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, research analysts expect that ITT will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be given a $0.386 dividend. 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 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Insider Buying and Selling

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 owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On ITT

A number of institutional investors and hedge funds have recently made changes to their positions in ITT. Northwestern Mutual Wealth Management Co. boosted its holdings in ITT by 55,929.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after buying an additional 1,515,695 shares in the last quarter. Norges Bank purchased a new position in ITT in the fourth quarter valued at about $194,884,000. Vanguard Group Inc. increased its holdings in ITT by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after buying an additional 620,217 shares in the last quarter. Findlay Park Partners LLP lifted its position in shares of ITT by 63.2% during the 4th quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate’s stock valued at $213,574,000 after acquiring an additional 476,702 shares during the period. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of ITT during the 4th quarter valued at approximately $78,080,000. 91.59% of the stock is 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.