ITT (NYSE:ITT) Issues FY 2025 Earnings Guidance

Key Points

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ITT (NYSE:ITT - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 6.350-6.550 for the period, compared to the consensus earnings per share estimate of 6.410. The company issued revenue guidance of $3.8 billion-$3.9 billion, compared to the consensus revenue estimate of $3.8 billion.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America increased their price target on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Stifel Nicolaus increased their target price on ITT from $171.00 to $197.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Citigroup reiterated 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. KeyCorp increased their target price on ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group increased their target price on ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $173.25.

ITT Trading Up 4.9%

Shares of NYSE:ITT traded up $7.75 on Thursday, reaching $167.36. The company had a trading volume of 231,548 shares, compared to its average volume of 517,578. ITT has a 52-week low of $105.64 and a 52-week high of $168.73. The firm's 50 day simple moving average is $155.01 and its 200-day simple moving average is $144.73. The firm has a market capitalization of $13.17 billion, a PE ratio of 26.60, a PEG ratio of 2.03 and a beta of 1.35.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, July 31st. The conglomerate reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.03. ITT had a return on equity of 17.75% and a net margin of 14.19%. During the same quarter in the previous year, the company earned $1.49 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that ITT will post 6.51 earnings per share for the current year.

Institutional Trading of ITT

Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate's stock worth $54,020,000 after buying an additional 28,937 shares in the last quarter. Focus Partners Wealth boosted its position in ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate's stock valued at $1,017,000 after buying an additional 3,515 shares in the last quarter. Amundi raised its stake in shares of ITT by 22,565.6% during the first quarter. Amundi now owns 7,253 shares of the conglomerate's stock worth $867,000 after buying an additional 7,221 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in ITT in the first quarter valued at approximately $360,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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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