ITT (NYSE:ITT) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded ITT from “buy” to “hold,” even though the broader analyst view remains positive with 10 Buy ratings, 1 Hold, and a consensus “Moderate Buy” price target of $234.
• ITT reported stronger-than-expected quarterly results, posting EPS of $1.98 versus the $1.77 estimate and revenue of $1.21 billion versus $1.12 billion expected. Revenue rose 32.7% year over year, and the company raised FY2026 guidance to 7.7-8.0 EPS.
• Insiders and institutions were active in the stock: CEO Luca Savi sold 63,450 shares, while hedge funds continued to build positions, with institutional ownership at 91.59% of shares outstanding.

ITT (NYSE:ITT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other analysts have also recently issued reports on ITT. Robert W. Baird set a $246.00 price objective on shares of ITT in a research note on Thursday. DA Davidson set a $245.00 price target on shares of ITT in a research note on Monday, February 9th. Weiss Ratings reissued a "buy (b)" rating on shares of ITT in a research note on Tuesday, April 21st. KeyCorp increased their price target on shares of ITT from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Stifel Nicolaus set a $246.00 price target on shares of ITT in a research note on Thursday. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.00.

ITT Stock Down 0.8%

Shares of NYSE ITT opened at $206.13 on Friday. ITT has a 12-month low of $142.64 and a 12-month high of $225.26. The stock has a market cap of $18.43 billion, a PE ratio of 36.35, a P/E/G ratio of 1.98 and a beta of 1.32. The company has a current ratio of 1.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $201.24 and a 200 day moving average of $190.14.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the company earned $1.45 EPS. ITT's revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, sell-side analysts predict that ITT will post 7.8 EPS for the current fiscal year.

Insider Activity at ITT

In related news, CEO Luca Savi sold 63,450 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the transaction, the chief executive officer owned 262,354 shares of the company's stock, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares of the company's stock, valued at $1,637,894.19. The trade was a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company's stock.

Hedge Funds Weigh In On ITT

A number of hedge funds have recently made changes to their positions in ITT. Elyxium Wealth LLC purchased a new position in shares of ITT during the 4th quarter worth approximately $29,000. Bayban purchased a new position in shares of ITT during the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust boosted its position in shares of ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate's stock worth $34,000 after purchasing an additional 76 shares during the period. Entrust Financial LLC purchased a new position in shares of ITT during the 4th quarter worth approximately $36,000. Finally, Quent Capital LLC purchased a new position in shares of ITT during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

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.

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