Brokerages Set ITT Inc. (NYSE:ITT) Price Target at $218.00

ITT Inc. (NYSE:ITT) has received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $225.5455.

A number of equities analysts recently commented on the company. DA Davidson set a $245.00 price objective on ITT in a report on Monday, February 9th. The Goldman Sachs Group started coverage on shares of ITT in a research report on Tuesday. They issued a “buy” rating and a $270.00 target price for the company. Citigroup increased their price target on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. BMO Capital Markets initiated coverage on shares of ITT in a report on Friday, March 27th. They set an “outperform” rating and a $233.00 price target on the stock. Finally, Barclays cut their target price on ITT from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday.

ITT Trading Up 0.2%

NYSE ITT opened at $193.43 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. ITT has a 1-year low of $105.64 and a 1-year high of $209.70. The firm’s fifty day simple moving average is $193.23 and its 200-day simple moving average is $184.24. The company has a market capitalization of $16.63 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, sell-side analysts anticipate that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

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

Insider Activity at ITT

In other news, CEO Luca Savi sold 63,450 shares of the business’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 completion of the sale, the chief executive officer directly owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ITT

Several hedge funds and other institutional investors have recently made changes to their positions in ITT. True Wealth Design LLC raised its stake in shares of ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 114 shares in the last quarter. Elyxium Wealth LLC bought a new position in ITT in 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 holdings in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares during the period. Finally, Quent Capital LLC acquired a new position in ITT in the third quarter worth about $37,000. 91.59% of the stock is owned by institutional investors and hedge funds.

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.