ITT Inc. (NYSE:ITT – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $225.5455.
Several equities research analysts recently commented on ITT shares. Citigroup increased their price target on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Stifel Nicolaus increased their price target on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday, February 6th. Robert W. Baird set a $222.00 price target on ITT in a report on Friday, February 6th. Barclays cut their price target on ITT from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd.
View Our Latest Research Report on ITT
ITT Stock Performance
ITT (NYSE:ITT – Get Free Report) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share 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 for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted $1.50 earnings per share. The business’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. As a group, equities research analysts anticipate that ITT will post 7.9 EPS for the current fiscal year.
ITT Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 6th were issued a $0.386 dividend. This is a boost from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, March 6th. ITT’s payout ratio is 25.20%.
Insider Activity at ITT
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 transaction 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 $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 is available through the SEC website. Corporate insiders own 0.88% of the company’s stock.
Institutional Investors Weigh In On ITT
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC increased its stake in ITT by 219.2% during the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 114 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in ITT during the fourth quarter worth $29,000. Bayban acquired a new stake in ITT during the fourth quarter worth $31,000. Parkside Financial Bank & Trust increased its stake in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 76 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in ITT during the third quarter worth $37,000. Institutional investors and hedge funds 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.
Further Reading
Receive News & Ratings for ITT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT and related companies with MarketBeat.com's FREE daily email newsletter.
