ITT Inc. (NYSE:ITT) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• ITT Inc. has a consensus analyst rating of “Moderate Buy”, with 10 buy ratings and 1 hold among 11 covering brokers. The average 1-year price target is about $234.91.
• The company’s latest quarterly results beat expectations, reporting $1.98 EPS versus $1.77 expected and $1.21 billion in revenue versus $1.12 billion expected. Revenue rose 32.7% year over year.
• ITT also announced a quarterly dividend of $0.386 per share, payable on July 6, which works out to an annualized yield of about 0.8%.

Shares of ITT Inc. (NYSE:ITT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $234.9091.

A number of research firms have recently weighed in on ITT. Robert W. Baird set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Wall Street Zen lowered ITT from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Barclays upped their target price on ITT from $210.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, May 7th. DA Davidson upped their target price on ITT from $245.00 to $255.00 and gave the company a "buy" rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group assumed coverage on ITT in a report on Tuesday, March 31st. They set a "buy" rating and a $270.00 target price for the company.

Insiders Place Their Bets

In other ITT news, insider Lori B. Marino sold 7,123 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This represents a 44.93% 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 stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the transaction, the chief accounting officer owned 7,859 shares of the company's stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ITT

A number of institutional investors have recently added to or reduced their stakes in ITT. Northwestern Mutual Wealth Management Co. raised its holdings in 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 purchasing an additional 1,515,695 shares in the last quarter. Norges Bank bought a new position in shares of ITT during the fourth quarter valued at $194,884,000. Vanguard Group Inc. increased its holdings 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 holdings 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 bought a new position in shares of ITT during the fourth quarter valued at $78,080,000. Institutional investors own 91.59% of the company's stock.

ITT Stock Performance

NYSE:ITT opened at $188.59 on Friday. The firm has a market cap of $16.86 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. ITT has a fifty-two week low of $149.02 and a fifty-two week high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The business has a 50 day moving average price of $203.39 and a 200-day moving average price of $192.31.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.21. The firm 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 business's quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities research analysts predict that ITT will post 7.9 earnings per share for the current year.

ITT Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.