Barclays Issues Pessimistic Forecast for ITT (NYSE:ITT) Stock Price

ITT (NYSE:ITT) had its target price cut by analysts at Barclays from $220.00 to $210.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the conglomerate’s stock. Barclays‘s target price would suggest a potential upside of 9.35% from the company’s current price.

Several other equities research analysts have also weighed in on the company. The Goldman Sachs Group began coverage on ITT in a research report on Tuesday. They set a “buy” rating and a $270.00 price target on the stock. BMO Capital Markets began coverage on ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective for the company. KeyCorp upped their target price on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Robert W. Baird set a $222.00 price target on shares of ITT in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $225.55.

ITT Trading Up 0.8%

ITT stock traded up $1.51 during trading on Wednesday, reaching $192.04. The company had a trading volume of 315,619 shares, compared to its average volume of 971,065. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. ITT has a 52 week low of $105.64 and a 52 week high of $209.70. The business has a 50 day moving average of $192.90 and a 200 day moving average of $184.12. The company has a market cap of $16.52 billion, a P/E ratio of 31.44, a PEG ratio of 1.67 and a beta of 1.34.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $1.50 EPS. The business’s revenue 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 forecast that ITT will post 6.51 earnings per share for the current fiscal year.

Insider Activity at ITT

In other news, CEO Luca Savi sold 63,450 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total value of $12,099,280.50. Following the sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On ITT

A number of hedge funds have recently bought and sold shares of the company. Andina Capital Management LLC increased its stake in ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after purchasing an additional 49 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after buying an additional 53 shares in the last quarter. Assetmark Inc. lifted its stake in shares of ITT by 10.9% in the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after buying an additional 55 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of ITT by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after buying an additional 60 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of ITT by 0.3% during 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 acquiring an additional 65 shares in the last quarter. 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.