DA Davidson Raises ITT (NYSE:ITT) Price Target to $255.00

ITT (NYSE:ITT) had its price target upped by equities researchers at DA Davidson from $245.00 to $255.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the conglomerate’s stock. DA Davidson’s price objective would indicate a potential upside of 22.80% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Citigroup lifted their price objective on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus set a $246.00 target price on shares of ITT in a research note on Thursday. Robert W. Baird set a $246.00 price target on shares of ITT in a research report on Thursday. The Goldman Sachs Group began coverage on ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target for the company. Finally, BMO Capital Markets assumed coverage on shares of ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $234.91.

ITT Price Performance

Shares of NYSE:ITT traded up $1.50 during midday trading on Monday, hitting $207.65. 248,346 shares of the stock were exchanged, compared to its average volume of 928,429. The stock has a market cap of $18.56 billion, a P/E ratio of 36.62, a PEG ratio of 1.94 and a beta of 1.32. ITT has a twelve month low of $145.41 and a twelve month high of $225.26. The company has a 50 day moving average price of $201.24 and a 200-day moving average price of $190.14. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

ITT (NYSE:ITT) last released its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company earned $1.45 EPS. ITT’s revenue for the quarter was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, research analysts forecast that ITT will post 7.89 earnings per share for the current year.

Insider Transactions at ITT

In other news, CEO Luca Savi sold 63,450 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the sale, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Advisory Services Inc. acquired a new position in ITT in the 1st quarter valued at approximately $201,000. Parallel Advisors LLC lifted its position in ITT by 31.4% in the first quarter. Parallel Advisors LLC now owns 958 shares of the conglomerate’s stock worth $183,000 after purchasing an additional 229 shares during the period. KBC Group NV boosted its stake in ITT by 15.3% during the first quarter. KBC Group NV now owns 2,756 shares of the conglomerate’s stock worth $525,000 after buying an additional 366 shares in the last quarter. Regents Gate Capital LLP boosted its position in shares of ITT by 139.2% during the 1st quarter. Regents Gate Capital LLP now owns 128,378 shares of the conglomerate’s stock valued at $24,460,000 after acquiring an additional 74,712 shares in the last quarter. Finally, AIA Group Ltd bought a new stake in ITT in the first quarter valued at $207,000. Institutional investors own 91.59% of the company’s stock.

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.