Barclays Initiates Coverage on ITT (NYSE:ITT)

Key Points

• Barclays initiated coverage on ITT with an "equal weight" rating and a $220 price target, implying about an 18.8% upside from the prior close.
• The stock has broad analyst support—nine Buys and one Hold—giving a consensus rating of "Moderate Buy" and a consensus target of $216.50, while several firms (e.g., Citigroup, DA Davidson) have set higher targets into the $240s.
• ITT recently beat Q4 estimates (EPS $1.85 vs. $1.79; revenue $1.05B, +13.5% YoY) and guided Q1 2026 EPS to $1.68–1.72; meanwhile CEO Luca Savi sold 63,450 shares (a 19.47% reduction in his holding) and institutional investors now own about 91.6% of the stock.

Research analysts at Barclays began coverage on shares of ITT (NYSE:ITT - Get Free Report) in a research note issued on Monday,Benzinga reports. The firm set an "equal weight" rating and a $220.00 price target on the conglomerate's stock. Barclays's price target would indicate a potential upside of 18.78% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup lifted their target price on shares of ITT from $225.00 to $243.00 and gave the company a "buy" rating in a research note on Monday, February 9th. KeyCorp raised their price objective on shares of ITT from $215.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a report on Monday, March 2nd. Stifel Nicolaus raised their target price on ITT from $218.00 to $228.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Finally, DA Davidson set a $245.00 price target on ITT in a research note on Monday, February 9th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ITT currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.50.

ITT Price Performance

Shares of ITT stock opened at $185.21 on Monday. The business has a 50 day moving average of $190.09 and a 200 day moving average of $182.21. ITT has a 52 week low of $105.64 and a 52 week high of $209.70. The company has a market cap of $15.93 billion, a PE ratio of 30.31, a P/E/G ratio of 1.71 and a beta of 1.34. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. The firm'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. As a group, equities research analysts forecast that ITT will post 6.51 earnings per share for the current year.

Insiders Place Their Bets

In other ITT news, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the transaction, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ITT

A number of hedge funds have recently bought and sold shares of ITT. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate's stock worth $263,458,000 after buying an additional 1,515,695 shares in the last quarter. Norges Bank purchased a new stake in shares of ITT during the fourth quarter valued at approximately $194,884,000. Vanguard Group Inc. increased its position in shares of ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate's stock valued at $1,467,976,000 after acquiring an additional 620,217 shares in the last quarter. Findlay Park Partners LLP increased its position in shares of ITT by 63.2% during the fourth quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate's stock valued at $213,574,000 after acquiring an additional 476,702 shares in the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in ITT in the 4th quarter worth approximately $78,080,000. 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.

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