ITT (NYSE:ITT) Earns Equal Weight Rating from Analysts at Barclays

Barclays assumed coverage on shares of ITT (NYSE:ITT) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $220.00 target price on the conglomerate’s stock.

A number of other brokerages have also recently issued reports on ITT. DA Davidson set a $245.00 target price on ITT in a report on Monday, February 9th. KeyCorp upped their price objective on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Stifel Nicolaus upped their price target on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Citigroup lifted their price target on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Nine 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.50.

ITT Trading Down 0.4%

ITT opened at $189.23 on Monday. The company has a market cap of $16.27 billion, a P/E ratio of 30.97, a PEG ratio of 1.75 and a beta of 1.34. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $190.85 and its 200-day moving average is $182.54. ITT has a 1-year low of $105.64 and a 1-year high of $209.70.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.79 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities research analysts predict that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be given a dividend of $0.386 per share. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s payout ratio is currently 25.20%.

Insider Buying and Selling

In related news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the transaction, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

Institutional Investors Weigh In On ITT

Several hedge funds and other institutional investors have recently modified their holdings of ITT. Financial Gravity Companies Inc. acquired a new stake in ITT in the 2nd quarter valued at $27,000. Elyxium Wealth LLC bought a new position in shares of ITT in the fourth quarter valued at $29,000. True Wealth Design LLC grew 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 buying an additional 114 shares during the last quarter. Bayban bought a new stake in shares of ITT during the fourth quarter worth about $31,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of ITT in the 2nd quarter worth about $34,000. Institutional investors own 91.59% of the company’s stock.

About ITT

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.