ITT Inc. (NYSE:ITT) Given Consensus Rating of “Moderate Buy” by Analysts

ITT Inc. (NYSE:ITT) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $234.9091.

ITT has been the subject of several research analyst reports. Robert W. Baird set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Stifel Nicolaus set a $246.00 price objective on ITT in a research note on Thursday, May 7th. BMO Capital Markets assumed coverage on ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective for the company. Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Barclays lifted their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th.

ITT Price Performance

NYSE:ITT opened at $200.91 on Wednesday. The firm has a market capitalization of $17.96 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 1.83 and a beta of 1.32. ITT has a 52-week low of $147.63 and a 52-week high of $225.26. The stock has a fifty day moving average of $202.49 and a 200 day moving average of $191.76. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, research analysts expect that ITT will post 7.91 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is 27.16%.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction dated 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 sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 70,773 shares of company stock valued at $13,624,470 over the last 90 days. Insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Andina Capital Management LLC increased its holdings in shares of ITT by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after buying an additional 49 shares during the period. Kestra Private Wealth Services LLC increased its holdings in shares of ITT by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after buying an additional 52 shares during the period. Whittier Trust Co. increased its holdings in shares of ITT by 5.1% in the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after buying an additional 52 shares during the period. Toronto Dominion Bank increased its holdings in shares of ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after buying an additional 53 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of ITT by 10.9% in the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after buying an additional 55 shares during the period. 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.