ITT Inc. (NYSE:ITT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of ITT Inc. (NYSE:ITT) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $234.9091.

ITT has been the topic of a number of recent analyst reports. Robert W. Baird set a $246.00 target price on shares of ITT in a research note on Thursday, May 7th. BMO Capital Markets initiated coverage on shares of ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price on the stock. DA Davidson upped their target price on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, May 11th. The Goldman Sachs Group started coverage on shares of ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective for the company. Finally, KeyCorp boosted their price objective on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th.

Insider Transactions at ITT

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This represents a 44.93% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors grew its position in ITT by 3.0% in the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock worth $1,526,421,000 after purchasing an additional 258,936 shares during the last quarter. Vanguard Group Inc. grew its position in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after purchasing an additional 620,217 shares during the last quarter. State Street Corp grew its position in ITT by 7.4% in the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock worth $441,880,000 after purchasing an additional 175,367 shares during the last quarter. Geode Capital Management LLC grew its position in ITT by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after purchasing an additional 217,360 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after purchasing an additional 1,515,695 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $196.66 on Friday. The firm has a market cap of $17.58 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. The firm’s 50-day simple moving average is $203.14 and its 200-day simple moving average is $192.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. ITT has a 1 year low of $149.02 and a 1 year high of $225.26.

ITT (NYSE:ITT) last issued its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts forecast that ITT will post 7.91 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be given a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s dividend payout ratio is currently 27.16%.

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.