ITT Inc. (NYSE:ITT) Stock Has Average Price Target of $252.60 According to Brokerages

ITT Inc. (NYSE:ITT) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $252.60.

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of ITT from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Stifel Nicolaus raised their price target on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. DA Davidson boosted their price objective on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Citigroup boosted their target price on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $273.00 price objective on shares of ITT in a report on Friday, August 7th.

Insider Activity at ITT

In other news, CEO Luca Savi purchased 5,019 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were bought at an average cost of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the purchase, the chief executive officer directly owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. This trade represents a 1.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Graziano De sold 700 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the transaction, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by company insiders.

Institutional Trading of ITT

Several institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its holdings in shares of ITT by 27.8% during the second quarter. QRG Capital Management Inc. now owns 2,660 shares of the conglomerate’s stock worth $526,000 after purchasing an additional 578 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in ITT by 104.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,545 shares of the conglomerate’s stock valued at $701,000 after buying an additional 1,812 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of ITT by 17.1% in the second quarter. Sequoia Financial Advisors LLC now owns 44,405 shares of the conglomerate’s stock valued at $8,782,000 after acquiring an additional 6,500 shares during the period. Engineers Gate Manager LP grew its position in shares of ITT by 19.3% during the second quarter. Engineers Gate Manager LP now owns 385,727 shares of the conglomerate’s stock worth $76,281,000 after acquiring an additional 62,371 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of ITT by 110.1% during the second quarter. NewEdge Advisors LLC now owns 4,020 shares of the conglomerate’s stock worth $795,000 after buying an additional 2,107 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of NYSE:ITT opened at $214.12 on Tuesday. ITT has a 1-year low of $166.96 and a 1-year high of $230.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. The company has a market capitalization of $19.14 billion, a P/E ratio of 41.98, a P/E/G ratio of 1.71 and a beta of 1.27. The firm’s 50 day simple moving average is $203.98 and its two-hundred day simple moving average is $199.89.

ITT (NYSE:ITT) last posted its earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm’s revenue for the quarter was up 51.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Research analysts expect that ITT will post 8.25 EPS for the current fiscal year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be issued a $0.3860 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. ITT’s dividend payout ratio is currently 30.20%.

About ITT

ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability.

ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications.