ITT Inc. (NYSE:ITT) Receives $182.78 Consensus PT from Analysts

Key Points

• ITT Inc. has received an average consensus rating of "Moderate Buy" from analysts, with nine out of ten analysts recommending buying the stock.
• The company's stock price target has seen notable increases, with UBS Group raising their price target from $168.00 to $200.00 and Stifel Nicolaus adjusting theirs to $202.00.
• ITT recently declared a quarterly dividend of $0.351 per share, with a yield of 0.8% and a dividend payout ratio of 22.01%.

Shares of ITT Inc. (NYSE:ITT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $188.1111.

Several research analysts have weighed in on the company. UBS Group increased their price objective on ITT from $168.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. 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. Bank of America raised their price target on ITT from $190.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday. DA Davidson set a $190.00 price target on ITT and gave the stock a "buy" rating in a research report on Monday, August 4th. Finally, KeyCorp raised their price target on ITT from $192.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th.

Insider Activity at ITT

In related news, CEO Luca Savi sold 36,385 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total value of $5,994,792.60. Following the transaction, the chief executive officer owned 297,536 shares in the company, valued at approximately $49,022,031.36. This trade represents a 10.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Select Equity Group L.P. grew its position in ITT by 4.4% in the first quarter. Select Equity Group L.P. now owns 4,765,602 shares of the conglomerate's stock valued at $615,525,000 after acquiring an additional 200,676 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in ITT by 97.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,835,894 shares of the conglomerate's stock valued at $237,125,000 after acquiring an additional 904,654 shares during the last quarter. Nuveen LLC bought a new position in ITT in the first quarter valued at about $156,406,000. Nuveen Asset Management LLC grew its position in ITT by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 1,139,303 shares of the conglomerate's stock valued at $162,784,000 after acquiring an additional 171,474 shares during the last quarter. Finally, Invesco Ltd. grew its position in ITT by 14.2% in the second quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate's stock valued at $171,690,000 after acquiring an additional 135,768 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

ITT Stock Performance

ITT stock traded down $2.22 during trading hours on Friday, hitting $179.62. 567,039 shares of the stock were exchanged, compared to its average volume of 324,860. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $14.01 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.24 and a beta of 1.39. The company has a 50-day simple moving average of $166.95 and a two-hundred day simple moving average of $150.34. ITT has a 12 month low of $105.64 and a 12 month high of $183.33.

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

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Tuesday, September 2nd will be given a $0.351 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. ITT's dividend payout ratio (DPR) is presently 22.01%.

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.