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

Shares of ITT Inc. (NYSE:ITT) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $252.60.

Several analysts recently commented on ITT shares. Citigroup raised their price target on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Stifel Nicolaus increased their target price on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Wolfe Research assumed coverage on ITT in a research report on Tuesday, September 15th. They set an “outperform” rating and a $272.00 target price on the stock. KeyCorp lifted their price target on ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised ITT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 4th.

Insider Buying and Selling

In other ITT news, CEO Luca Savi bought 5,019 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the transaction, the chief executive officer directly owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. This represents a 1.91% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Graziano De sold 700 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ITT. BlackRock Inc. acquired a new stake in ITT in the 2nd quarter worth about $1,715,593,000. Capital International Investors lifted its position in shares of ITT by 3.0% in the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after acquiring an additional 258,936 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of ITT by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after acquiring an additional 217,360 shares during the last quarter. Findlay Park Partners LLP acquired a new stake in shares of ITT in the second quarter worth approximately $276,395,000. Finally, Norges Bank purchased a new stake in shares of ITT during the fourth quarter worth approximately $194,884,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Down 3.6%

Shares of ITT stock opened at $206.19 on Tuesday. ITT has a twelve month low of $166.96 and a twelve month high of $230.32. The stock has a market cap of $18.43 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.69 and a beta of 1.27. The stock has a 50 day moving average of $204.25 and a 200 day moving average of $199.94. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.

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

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.3860 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio is presently 30.20%.

About ITT

ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability.

ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications.