DA Davidson Reiterates $190.00 Price Target for ITT (NYSE:ITT)

Key Points

• DA Davidson has raised its target price for ITT stock from $170.00 to $190.00, with a "buy" rating indicating a potential upside of 14.45% based on the stock's previous close.
• Analysts from other firms, including Goldman Sachs and Citigroup, have also increased their price targets for ITT, reinforcing a predominantly positive outlook with multiple "buy" ratings.
• ITT reported $1.64 earnings per share, surpassing expectations, and showed a 7.3% revenue increase year-over-year, highlighting strong financial performance.

ITT (NYSE:ITT - Get Free Report) has been given a $190.00 price target by DA Davidson in a note issued to investors on Monday, August 4th, MarketBeat.com reports. The brokerage presently has a "buy" rating on the conglomerate's stock. DA Davidson's target price suggests a potential upside of 14.62% from the stock's previous close. DA Davidson also issued estimates for ITT's Q3 2025 earnings at $1.67 EPS, FY2025 earnings at $6.50 EPS and FY2026 earnings at $7.20 EPS.

Other equities research analysts have also issued reports about the stock. KeyCorp lifted their target price on shares of ITT from $180.00 to $192.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Bank of America upped their price target on shares of ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Citigroup reiterated a "buy" rating and issued a $186.00 price objective (up previously from $159.00) on shares of ITT in a research note on Monday, July 14th. Wall Street Zen raised shares of ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus raised their price target on ITT from $197.00 to $202.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, ITT has an average rating of "Moderate Buy" and an average price target of $179.22.

ITT Stock Up 0.5%

Shares of NYSE ITT opened at $165.76 on Monday. ITT has a 12-month low of $105.64 and a 12-month high of $170.16. The firm has a market cap of $12.93 billion, a PE ratio of 26.06, a P/E/G ratio of 2.04 and a beta of 1.38. The company's fifty day simple moving average is $157.31 and its 200 day simple moving average is $145.51. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 0.24.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.02. ITT had a net margin of 13.99% and a return on equity of 18.08%. The business had revenue of $972.40 million during the quarter, compared to the consensus estimate of $947.48 million. During the same quarter last year, the company posted $1.49 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that ITT will post 6.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Financial Gravity Companies Inc. bought a new position in ITT in the 2nd quarter worth approximately $27,000. Atlantic Union Bankshares Corp acquired a new position in ITT during the second quarter worth $34,000. Quarry LP lifted its stake in shares of ITT by 101.6% in the fourth quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after buying an additional 125 shares during the period. MTM Investment Management LLC bought a new stake in shares of ITT in the second quarter valued at about $39,000. Finally, Clearstead Trust LLC lifted its stake in ITT by 40.0% during the second quarter. Clearstead Trust LLC now owns 350 shares of the conglomerate's stock worth $55,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.