ITT (NYSE:ITT) Price Target Cut to $251.00 by Analysts at Citigroup

ITT (NYSE:ITT) had its price objective reduced by Citigroup from $267.00 to $251.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

Several other equities research analysts have also issued reports on the company. DA Davidson raised their price objective on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Stifel Nicolaus set a $256.00 target price on ITT in a research report on Monday, October 19th. Wolfe Research assumed coverage on ITT in a report on Tuesday, September 15th. They set an “outperform” rating and a $272.00 price target on the stock. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Finally, KeyCorp lifted their price objective on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $258.44.

ITT Price Performance

ITT traded up $9.46 during trading hours on Friday, hitting $205.38. The company’s stock had a trading volume of 1,391,354 shares, compared to its average volume of 689,021. The business’s 50-day moving average price is $201.14 and its 200-day moving average price is $199.34. ITT has a 12 month low of $166.96 and a 12 month high of $230.32. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 42.26, a P/E/G ratio of 1.65 and a beta of 1.25. 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 results on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.18. ITT had a net margin of 8.90% and a return on equity of 15.90%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. ITT’s revenue was up 44.2% on a year-over-year basis. Sell-side analysts expect that ITT will post 8.30 earnings per share for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a $0.3860 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 4th. ITT’s dividend payout ratio is presently 31.69%.

Insider Buying and Selling at ITT

In other ITT news, CEO Luca Savi purchased 5,019 shares of the firm’s stock in a transaction that occurred 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 owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. The trade was a 1.91% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

Institutional Trading of ITT

A number of hedge funds and other institutional investors have recently bought and sold shares of ITT. Everhart Financial Group Inc. boosted its stake in shares of ITT by 0.8% during the third quarter. Everhart Financial Group Inc. now owns 8,589 shares of the conglomerate’s stock valued at $1,733,000 after purchasing an additional 66 shares during the period. Burney Co. boosted its position in ITT by 2.3% in the 1st quarter. Burney Co. now owns 3,390 shares of the conglomerate’s stock valued at $646,000 after buying an additional 76 shares during the period. Essential Partners LLC raised its stake in shares of ITT by 9.4% during the first quarter. Essential Partners LLC now owns 1,052 shares of the conglomerate’s stock valued at $200,000 after acquiring an additional 90 shares in the last quarter. Eurizon Capital SGR S.p.A. raised its stake in shares of ITT by 9.9% during the third quarter. Eurizon Capital SGR S.p.A. now owns 1,142 shares of the conglomerate’s stock valued at $234,000 after acquiring an additional 103 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its holdings in shares of ITT by 1.9% in the first quarter. Twin Capital Management Inc. now owns 5,606 shares of the conglomerate’s stock valued at $1,068,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT News Summary

Here are the key news stories impacting ITT this week:

• Positive Sentiment: ITT reported third-quarter adjusted earnings of $2.26 per share and revenue of about $1.44 billion, topping analyst expectations. The company also raised its full-year EPS outlook; management indicated a 2026 adjusted EPS midpoint of $8.58 and is targeting year-end leverage of roughly 2.1x. ITT Lifts Guidance As 3Q Revenue Grows ITT 2026 EPS and leverage outlook
• Positive Sentiment: Recent valuation coverage says ITT may be below fair value based on cash flow, reinforcing the view that the stock could have room to appreciate. ITT Stock Looks Below Fair Value on Cash Flow
• Neutral Sentiment: Citigroup lowered its price target from $267 to $251 but kept a Buy rating. The reduced target is a cautionary signal, though it still implies substantial upside from the cited share price. Citigroup rating and price target
• Neutral Sentiment: ITT announced it will participate in Baird’s Global Industrial Conference on November 10; the event may provide investors with further updates but is not itself a financial-results catalyst. ITT conference announcement

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.