ITT Inc. (NYSE:ITT) Receives $234.91 Average PT from Analysts

ITT Inc. (NYSE:ITT) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $234.9091.

Several research firms have weighed in on ITT. Citigroup increased their price objective on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Robert W. Baird set a $246.00 price target on ITT in a research report on Thursday, May 7th. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. BMO Capital Markets initiated coverage on ITT in a research report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price target on the stock. Finally, DA Davidson raised their price target on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, May 11th.

ITT Stock Up 2.9%

ITT stock opened at $196.66 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.80 and a beta of 1.27. The business’s fifty day moving average price is $203.40 and its two-hundred day moving average price is $192.68. ITT has a fifty-two week low of $149.02 and a fifty-two week high of $225.26.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.21. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities analysts anticipate that ITT will post 7.9 earnings per share for the current year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be given a $0.386 dividend. The ex-dividend date is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in ITT in the fourth quarter valued at about $29,000. Bayban acquired a new stake in ITT in the fourth quarter valued at about $31,000. Parkside Financial Bank & Trust boosted its stake in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares in the last quarter. Entrust Financial LLC acquired a new stake in ITT in the fourth quarter valued at about $36,000. Finally, Triumph Capital Management acquired a new stake in ITT in the third quarter valued at about $37,000. Institutional investors own 91.59% of the company’s stock.

ITT Company Profile

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.