ITT (NYSE:ITT) Sets New 52-Week High After Strong Earnings

Shares of ITT Inc. (NYSE:ITT) hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $226.94 and last traded at $228.9780, with a volume of 366351 shares changing hands. The stock had previously closed at $204.08.

The conglomerate reported $2.08 EPS for the quarter, beating the consensus estimate of $1.92 by $0.16. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ITT shares. KeyCorp raised their price objective on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. DA Davidson boosted their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Barclays raised their target price on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, ITT presently has an average rating of “Moderate Buy” and a consensus target price of $234.75.

Insider Activity

In related news, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new stake in shares of ITT in the fourth quarter worth about $29,000. Bayban bought a new stake in ITT in the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust raised its holdings in shares of ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 76 shares in the last quarter. Entrust Financial LLC bought a new position in shares of ITT during the 4th quarter valued at approximately $36,000. Finally, Triumph Capital Management purchased a new position in shares of ITT in the third quarter valued at $37,000. Institutional investors own 91.59% of the company’s stock.

ITT Price Performance

The company has a market cap of $20.54 billion, a P/E ratio of 40.34, a PEG ratio of 1.93 and a beta of 1.27. The firm’s 50-day moving average is $193.37 and its two-hundred day moving average is $196.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01.

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.