ITT Inc. (NYSE:ITT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• ITT Inc. has received a consensus recommendation of "Moderate Buy" from twelve research firms, with an average price target of $190.89.
• The company reported a notable 7.3% year-over-year increase in revenue, reaching $972.40 million, and earnings per share of $1.64 for the last quarter.
• ITT recently announced a quarterly dividend of $0.351 per share, yielding 0.8% annually, which reflects a payout ratio of 22.01%.

Shares of ITT Inc. (NYSE:ITT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $190.8889.

ITT has been the topic of several research reports. TD Cowen raised their price objective on shares of ITT from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Stifel Nicolaus raised their price objective on shares of ITT from $197.00 to $202.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. UBS Group raised their price objective on shares of ITT from $168.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Cowen reissued a "buy" rating on shares of ITT in a research report on Thursday. Finally, DA Davidson set a $190.00 price objective on shares of ITT and gave the stock a "buy" rating in a research report on Monday, August 4th.

ITT Price Performance

Shares of ITT opened at $181.06 on Tuesday. ITT has a twelve month low of $105.64 and a twelve month high of $185.57. The firm's fifty day simple moving average is $172.29 and its 200-day simple moving average is $154.54. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.23 and a beta of 1.38. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.02. ITT had a net margin of 13.99% and a return on equity of 18.08%. The company had revenue of $972.40 million for the quarter, compared to the consensus estimate of $947.48 million. During the same period last year, the firm posted $1.49 EPS. ITT's revenue for the quarter was up 7.3% on a year-over-year basis. ITT has set its FY 2025 guidance at 6.350-6.550 EPS. Equities analysts forecast that ITT will post 6.51 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd were issued a $0.351 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. ITT's payout ratio is presently 22.01%.

Insider Buying and Selling at ITT

In other news, CEO Luca Savi sold 36,385 shares of ITT stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $5,994,792.60. Following the sale, the chief executive officer owned 297,536 shares of the company's stock, valued at $49,022,031.36. The trade was a 10.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.47% of the stock is currently owned by insiders.

Institutional Trading of ITT

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Aaron Wealth Advisors LLC purchased a new stake in shares of ITT in the third quarter valued at about $295,000. GAMMA Investing LLC boosted its holdings in shares of ITT by 13.9% in the third quarter. GAMMA Investing LLC now owns 2,166 shares of the conglomerate's stock valued at $387,000 after acquiring an additional 265 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of ITT by 30.9% in the second quarter. Corient Private Wealth LLC now owns 7,082 shares of the conglomerate's stock valued at $1,111,000 after acquiring an additional 1,672 shares in the last quarter. Caldwell Trust Co purchased a new stake in shares of ITT in the second quarter valued at about $72,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of ITT by 36.0% in the second quarter. Osaic Holdings Inc. now owns 7,841 shares of the conglomerate's stock valued at $1,225,000 after acquiring an additional 2,077 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Company Profile

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.

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