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

ITT Inc. (NYSE:ITT) has been given an average rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $207.1250.

Several research firms have recently commented on ITT. DA Davidson reaffirmed a “buy” rating and issued a $215.00 price objective on shares of ITT in a report on Monday, December 8th. TD Cowen boosted their target price on shares of ITT from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. KeyCorp upped their price target on shares of ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $225.00 target price on ITT in a research note on Friday, December 5th.

Insider Buying and Selling

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

Institutional Investors Weigh In On ITT

Several hedge funds have recently modified their holdings of the company. Assetmark Inc. increased its stake in shares of ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after purchasing an additional 55 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in ITT by 0.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock valued at $4,454,000 after purchasing an additional 65 shares during the period. Covestor Ltd grew its holdings in ITT by 15.3% in the third quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock valued at $92,000 after purchasing an additional 68 shares during the period. Merit Financial Group LLC increased its position in shares of ITT by 1.5% in the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock valued at $845,000 after buying an additional 69 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of ITT by 4.0% during the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock worth $330,000 after buying an additional 71 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Up 0.2%

Shares of ITT stock opened at $177.90 on Friday. ITT has a fifty-two week low of $105.64 and a fifty-two week high of $197.07. The firm has a market capitalization of $15.31 billion, a PE ratio of 29.55, a P/E/G ratio of 2.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.52. The stock’s 50-day simple moving average is $180.18 and its 200-day simple moving average is $171.12.

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

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be given a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, December 1st. ITT’s dividend payout ratio is currently 23.26%.

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.