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

ITT Inc. (NYSE:ITT) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $201.25.

Several equities analysts have recently commented on ITT shares. TD Cowen raised their price target on ITT from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Stifel Nicolaus raised their price target on ITT from $202.00 to $203.00 and gave the company a “buy” rating in a research note on Monday, October 20th. UBS Group raised their price target on ITT from $168.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. KeyCorp raised their price target on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Cowen restated a “buy” rating on shares of ITT in a research note on Thursday, October 2nd.

Insider Activity

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

Hedge Funds Weigh In On ITT

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITT. MQS Management LLC acquired a new stake in shares of ITT during the second quarter worth about $362,000. Jump Financial LLC lifted its holdings in shares of ITT by 145.8% during the first quarter. Jump Financial LLC now owns 17,152 shares of the conglomerate’s stock worth $2,215,000 after purchasing an additional 10,173 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of ITT during the first quarter worth about $609,000. XTX Topco Ltd acquired a new stake in shares of ITT during the first quarter worth about $1,214,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ITT by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 522,212 shares of the conglomerate’s stock worth $67,449,000 after purchasing an additional 4,905 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

ITT stock opened at $188.56 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $177.11 and its two-hundred day simple moving average is $162.48. ITT has a twelve month low of $105.64 and a twelve month high of $197.07. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.42 and a beta of 1.38.

ITT (NYSE:ITT) last released its earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $1.46 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Analysts predict that ITT will post 6.51 earnings per share for the current year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be paid a dividend of $0.351 per share. The ex-dividend date is Monday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 0.7%. ITT’s dividend payout ratio (DPR) is currently 23.26%.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.