ITT (NYSE:ITT) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of ITT (NYSE:ITT) in a report published on Tuesday. The firm issued a buy rating and a $270.00 price target on the conglomerate’s stock.

ITT has been the topic of a number of other research reports. Citigroup upped their price target on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Stifel Nicolaus lifted their target price on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, February 6th. BMO Capital Markets started coverage on shares of ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price on the stock. DA Davidson set a $245.00 price target on shares of ITT in a report on Monday, February 9th. Finally, KeyCorp raised their price target on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $225.55.

ITT Stock Up 0.2%

Shares of NYSE:ITT opened at $193.43 on Tuesday. The stock has a fifty day simple moving average of $193.23 and a two-hundred day simple moving average of $184.24. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 1.78 and a beta of 1.32. ITT has a 12-month low of $105.64 and a 12-month high of $209.70. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, research analysts anticipate that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio is 25.20%.

Insiders Place Their Bets

In other ITT news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.47% of the company’s stock.

Institutional Trading of ITT

A number of institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC raised its holdings in shares of ITT by 219.2% during the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 114 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in ITT in the fourth quarter worth approximately $29,000. Bayban bought a new stake in ITT in the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust grew its position in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the period. Finally, Quent Capital LLC purchased a new stake in ITT during the 3rd quarter valued at $37,000. Hedge funds and other 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.