ITT Inc. (NYSE:ITT) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of ITT Inc. (NYSE:ITT) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $260.22.

Several analysts have commented on ITT shares. BMO Capital Markets reiterated an “outperform” rating and set a $273.00 target price on shares of ITT in a research report on Friday, August 7th. KeyCorp raised their price target on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings raised ITT from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Citigroup upped their price objective on ITT from $254.00 to $267.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Wolfe Research started coverage on ITT in a report on Tuesday, September 15th. They set an “outperform” rating and a $272.00 target price on the stock.

Insider Buying and Selling

In related news, CAO Graziano De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Luca Savi bought 5,019 shares of the stock in a transaction on Monday, August 31st. The stock was purchased at an average cost of $199.56 per share, with a total value of $1,001,591.64. Following the purchase, 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 disclosure for this purchase is available in the SEC filing. 0.88% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ITT

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in shares of ITT by 3.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,883 shares of the conglomerate’s stock valued at $1,993,000 after purchasing an additional 327 shares in the last quarter. Cordatus Wealth Management LLC acquired a new position in shares of ITT in the 3rd quarter valued at approximately $340,000. TD Waterhouse Canada Inc. grew its position in shares of ITT by 155.9% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,859 shares of the conglomerate’s stock valued at $780,000 after purchasing an additional 2,351 shares during the period. Banque Pictet & Cie SA bought a new stake in ITT during the 3rd quarter worth approximately $389,000. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in ITT during the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $200.12 on Friday. The stock has a 50-day moving average price of $204.48 and a 200 day moving average price of $201.74. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The firm has a market cap of $17.89 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 1.60 and a beta of 1.25. ITT has a 12 month low of $166.96 and a 12 month high of $230.32.

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

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Tuesday, September 8th were paid a dividend of $0.3860 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 30.20%.

About ITT

ITT Inc (NYSE: ITT) is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.