ITT Inc. (NYSE:ITT) Receives Consensus Rating of "Moderate Buy" 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 received an average rating of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $182.7778.

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on ITT from $168.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Stifel Nicolaus increased their target price on ITT from $197.00 to $202.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Citigroup reissued a "buy" rating and issued a $186.00 target price (up from $159.00) on shares of ITT in a report on Monday, July 14th. Bank of America increased their target price on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, KeyCorp increased their target price on ITT from $180.00 to $192.00 and gave the stock an "overweight" rating in a report on Friday, August 1st.

ITT Trading Up 2.5%

ITT stock opened at $178.32 on Friday. The business has a 50 day moving average price of $165.28 and a two-hundred day moving average price of $149.27. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.39. ITT has a 12 month low of $105.64 and a 12 month high of $178.69.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 EPS for the quarter, beating the consensus estimate of $1.62 by $0.02. The firm had revenue of $972.40 million during 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 revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 EPS. ITT has set its FY 2025 guidance at 6.350-6.550 EPS. As a group, equities analysts forecast that ITT will post 6.51 EPS for the current year.

ITT Announces Dividend

The firm 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 dividend of $0.351 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. ITT's dividend payout ratio is 22.01%.

Insider Buying and Selling

In related news, CEO Luca Savi sold 36,385 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $5,994,792.60. Following the sale, the chief executive officer directly owned 297,536 shares in the company, valued at $49,022,031.36. This represents a 10.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ITT

Large investors have recently bought and sold shares of the business. Jump Financial LLC grew its position in ITT by 145.8% during the 1st quarter. Jump Financial LLC now owns 17,152 shares of the conglomerate's stock worth $2,215,000 after acquiring an additional 10,173 shares during the last quarter. GSA Capital Partners LLP bought a new stake in ITT during the 1st quarter worth approximately $609,000. XTX Topco Ltd bought a new position in ITT in the 1st quarter valued at $1,214,000. Charles Schwab Investment Management Inc. boosted its position in ITT by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 522,212 shares of the conglomerate's stock valued at $67,449,000 after buying an additional 4,905 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in ITT in the 1st quarter valued at $273,000. 91.59% of the stock is currently owned by institutional investors.

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.

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