ITT (NYSE:ITT) Hits New 52-Week High – Here’s What Happened

ITT Inc. (NYSE:ITT) hit a new 52-week high on Wednesday . The company traded as high as $210.13 and last traded at $206.7480, with a volume of 130105 shares traded. The stock had previously closed at $196.25.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup upped their price objective on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Barclays lowered their price objective on ITT from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. BMO Capital Markets initiated coverage on ITT in a research report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective for the company. Finally, DA Davidson set a $245.00 price objective on ITT in a research report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.55.

ITT Price Performance

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 stock has a market cap of $17.84 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.78 and a beta of 1.32. The stock has a 50-day moving average price of $193.90 and a two-hundred day moving average price of $184.57.

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

ITT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 6th were paid a $0.386 dividend. This is a positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. ITT’s dividend payout ratio (DPR) is 25.20%.

Insider Transactions at ITT

In related news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the transaction, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On ITT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. iSAM Funds UK Ltd purchased a new position in ITT in the 3rd quarter worth $2,113,000. Chesapeake Capital Corp IL purchased a new position in shares of ITT during the 3rd quarter valued at about $1,125,000. Brown Brothers Harriman & Co. raised its stake in shares of ITT by 86,878.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after buying an additional 267,585 shares during the last quarter. Mawer Investment Management Ltd. raised its stake 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 valued at $72,026,000 after buying an additional 76,841 shares during the last quarter. Finally, Regents Gate Capital LLP purchased a new position in shares of ITT during the 3rd quarter valued at about $9,381,000. Hedge funds and other 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.