ITT Inc. (NYSE:ITT) Receives $207.13 Consensus PT from Analysts

ITT Inc. (NYSE:ITT) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Ten analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $207.1250.

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $225.00 target price on shares of ITT in a research report on Friday, December 5th. KeyCorp upped their price objective on shares of ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. TD Cowen increased their price target on ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Wednesday, October 8th.

Insider Transactions at ITT

In other news, CFO Emmanuel Caprais sold 5,500 shares of the stock in a transaction that occurred 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 $6,822,020.90. This represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mesa Graziano Cheryl De sold 238 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 5,062 shares of the company’s stock, 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 corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of ITT during the second quarter valued at $140,815,000. Brown Brothers Harriman & Co. raised its holdings in ITT by 86,878.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after purchasing an additional 267,585 shares during the last quarter. Millennium Management LLC lifted its position in ITT by 236.8% during the 3rd quarter. Millennium Management LLC now owns 301,670 shares of the conglomerate’s stock valued at $53,927,000 after purchasing an additional 212,111 shares during the period. AQR Capital Management LLC lifted its position in ITT by 47.4% during the 2nd quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock valued at $86,993,000 after purchasing an additional 178,539 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of ITT by 36.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 521,429 shares of the conglomerate’s stock valued at $93,211,000 after purchasing an additional 139,666 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Up 0.2%

NYSE ITT opened at $183.46 on Thursday. ITT has a 1-year low of $105.64 and a 1-year high of $197.07. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.95 and a beta of 1.37. The stock’s 50 day moving average is $179.52 and its two-hundred day moving average is $174.13. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 EPS for the quarter, beating the consensus estimate of $1.67 by $0.11. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business had revenue of $999.10 million for the quarter, compared to analyst estimates of $973.69 million. During the same quarter in the previous year, the firm earned $1.46 EPS. ITT’s quarterly revenue 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 forecast that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

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

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.