ITT Inc. (NYSE:ITT) Given Consensus Recommendation of “Buy” by Brokerages

ITT Inc. (NYSE:ITT) has been assigned an average recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $207.1250.

ITT has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $225.00 target price on shares of ITT in a report on Friday, December 5th. TD Cowen reaffirmed a “buy” rating on shares of ITT in a research report on Thursday, October 2nd. Citigroup increased their price target on shares of ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, DA Davidson reissued a “buy” rating and set a $215.00 price objective on shares of ITT in a research note on Monday, December 8th.

ITT Stock Up 3.3%

ITT stock opened at $185.65 on Thursday. The company has a 50 day moving average price of $179.07 and a two-hundred day moving average price of $174.59. 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 has a market capitalization of $15.97 billion, a P/E ratio of 30.84, a PEG ratio of 1.62 and a beta of 1.37. ITT has a one year low of $105.64 and a one year high of $197.07.

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

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were given a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, December 1st. ITT’s payout ratio is 23.26%.

Insider Activity

In other news, CFO Emmanuel Caprais sold 5,500 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $185.23, for a total value of $1,018,765.00. Following the transaction, the chief financial officer directly owned 36,830 shares in the company, valued at $6,822,020.90. This trade represents a 12.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 238 shares of ITT stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the completion of the transaction, the chief accounting officer directly owned 5,062 shares in the company, valued at $926,750.96. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On ITT

Several institutional investors have recently bought and sold shares of ITT. Amundi raised its stake in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after acquiring an additional 7,221 shares during the period. Goldman Sachs Group Inc. increased its holdings in ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after purchasing an additional 28,937 shares in the last quarter. Empowered Funds LLC purchased a new position in ITT in the first quarter valued at about $360,000. Focus Partners Wealth lifted its stake in shares of ITT by 80.7% during the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of ITT by 341.1% in the first quarter. Geneos Wealth Management Inc. now owns 913 shares of the conglomerate’s stock worth $118,000 after buying an additional 706 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.