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

ITT Inc. (NYSE:ITT) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $244.8182.

Several brokerages have recently weighed in on ITT. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research report on Thursday, July 9th. BMO Capital Markets reissued an “outperform” rating and set a $273.00 price objective on shares of ITT in a report on Friday, August 7th. Barclays boosted their price objective on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Stifel Nicolaus upped their target price on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, KeyCorp increased their target price on ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research report on Friday, August 7th.

Insider Transactions at ITT

In related news, CEO Luca Savi bought 5,019 shares of the business’s stock in a transaction on Monday, August 31st. The shares were bought at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the purchase, the chief executive officer directly owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. This trade represents a 1.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Graziano De sold 700 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the transaction, the chief accounting officer owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ITT. Corient Private Wealth LP boosted its stake in ITT by 35.5% in the second quarter. Corient Private Wealth LP now owns 15,454 shares of the conglomerate’s stock valued at $3,056,000 after acquiring an additional 4,051 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of ITT during the second quarter worth $4,145,000. California State Teachers Retirement System lifted its holdings in shares of ITT by 20,258.6% during the 2nd quarter. California State Teachers Retirement System now owns 20,565,458 shares of the conglomerate’s stock valued at $4,067,025,000 after purchasing an additional 20,464,442 shares during the last quarter. AlphaGrep UK Ltd purchased a new stake in shares of ITT during the 2nd quarter valued at $1,035,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of ITT by 40.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,508 shares of the conglomerate’s stock worth $285,000 after purchasing an additional 433 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $203.71 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $200.40 and its 200-day moving average price is $199.66. The firm has a market cap of $18.21 billion, a P/E ratio of 39.94, a P/E/G ratio of 1.64 and a beta of 1.27. ITT has a 12 month low of $166.96 and a 12 month high of $230.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities research analysts expect that ITT will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is 30.20%.

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.