ITT (NYSE:ITT) Price Target Lowered to $210.00 at Barclays

ITT (NYSE:ITT) had its target price cut by Barclays from $220.00 to $210.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the conglomerate’s stock.

Several other analysts also recently commented on ITT. KeyCorp boosted their target price on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Robert W. Baird set a $222.00 price objective on shares of ITT in a research note on Friday, February 6th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. DA Davidson set a $245.00 target price on shares of ITT in a research report on Monday, February 9th. Finally, Citigroup raised their target price on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.55.

ITT Stock Up 1.2%

ITT opened at $192.80 on Wednesday. The company has a market capitalization of $16.58 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.76 and a beta of 1.34. 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 has a fifty-two week low of $105.64 and a fifty-two week high of $209.70. The business has a 50-day moving average of $193.04 and a 200-day moving average of $184.18.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. 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 fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a dividend of $0.386 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s payout ratio is currently 25.20%.

Insider Transactions at ITT

In related news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the transaction, the chief executive officer directly owned 262,354 shares in the company, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On ITT

Hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in shares of ITT by 1.1% in the fourth quarter. Hsbc Holdings PLC now owns 11,461 shares of the conglomerate’s stock valued at $1,994,000 after purchasing an additional 122 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of ITT by 2.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,101 shares of the conglomerate’s stock worth $885,000 after purchasing an additional 126 shares during the last quarter. Bayban acquired a new position in shares of ITT during the 4th quarter worth about $31,000. Caitong International Asset Management Co. Ltd boosted its stake in ITT by 28,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 290 shares of the conglomerate’s stock valued at $50,000 after purchasing an additional 289 shares during the period. Finally, MidFirst Bank acquired a new stake in ITT in the 4th quarter valued at approximately $360,000. 91.59% of the stock is currently owned by institutional investors.

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.