Stifel Nicolaus Cuts ITT (NYSE:ITT) Price Target to $218.00

ITT (NYSE:ITT) had its price target cut by stock analysts at Stifel Nicolaus from $225.00 to $218.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ price target points to a potential upside of 19.34% from the stock’s current price.

ITT has been the topic of several other research reports. Citigroup increased their target price on ITT from $207.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. DA Davidson restated a “buy” rating and set a $215.00 target price on shares of ITT in a research note on Monday, December 8th. KeyCorp upped their price target on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ITT currently has a consensus rating of “Buy” and a consensus target price of $206.25.

ITT Stock Down 0.9%

NYSE ITT traded down $1.57 during trading hours on Friday, hitting $182.66. 9,129 shares of the company were exchanged, compared to its average volume of 750,893. ITT has a 52-week low of $105.64 and a 52-week high of $197.07. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.67 and a beta of 1.37. 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 company has a 50 day moving average of $179.05 and a two-hundred day moving average of $174.65.

ITT (NYSE:ITT) last released its earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. ITT had a net margin of 12.67% and a return on equity of 18.96%. The firm had revenue of $999.10 million for the quarter, compared to analyst estimates of $973.69 million. During the same period in the prior year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Equities research analysts anticipate that ITT will post 6.51 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Emmanuel Caprais sold 5,500 shares of ITT stock in a transaction on Friday, October 31st. The shares were sold at an average price of $185.23, for a total value of $1,018,765.00. Following the transaction, the chief financial officer directly owned 36,830 shares in the company, valued at $6,822,020.90. This trade represents a 12.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mesa Graziano Cheryl De sold 238 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $183.08, for a total transaction of $43,573.04. Following the transaction, the chief accounting officer owned 5,062 shares of the company’s stock, valued at approximately $926,750.96. The trade was a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ITT

A number of institutional investors have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new stake in shares of ITT in the second quarter valued at approximately $27,000. True Wealth Design LLC boosted its position in shares of ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 114 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of ITT during the 2nd quarter worth $34,000. Quent Capital LLC purchased a new position in shares of ITT in the 3rd quarter valued at about $37,000. Finally, Triumph Capital Management acquired a new stake in shares of ITT in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Company Profile

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.