ITT (NYSE:ITT) Reaches New 52-Week High After Better-Than-Expected Earnings

Shares of ITT Inc. (NYSE:ITT) hit a new 52-week high on Thursday following a better than expected earnings announcement. The company traded as high as $205.71 and last traded at $201.06, with a volume of 571454 shares traded. The stock had previously closed at $185.15.

The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.05. ITT had a return on equity of 18.96% and a net margin of 12.67%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $1.50 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and issued a $215.00 price target on shares of ITT in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. KeyCorp increased their price target on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Citigroup boosted their price objective on shares of ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $206.25.

Institutional Investors Weigh In On ITT

A number of institutional investors have recently bought and sold shares of ITT. MQS Management LLC bought a new stake in ITT during the 2nd quarter worth about $362,000. Mawer Investment Management Ltd. increased its position in shares of ITT by 23.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock worth $72,026,000 after purchasing an additional 76,841 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of ITT by 20.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 39,157 shares of the conglomerate’s stock valued at $7,000,000 after buying an additional 6,663 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of ITT by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 284,743 shares of the conglomerate’s stock valued at $44,656,000 after buying an additional 7,516 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in ITT in the second quarter valued at $249,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Performance

The stock’s fifty day moving average price is $179.37 and its 200-day moving average price is $176.39. The company has a market capitalization of $17.45 billion, a P/E ratio of 33.29, a PEG ratio of 1.67 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.52.

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.