ITT (NYSE:ITT) Sets New 12-Month High on Strong Earnings

Key Points

• ITT shares hit a new 52-week high after the company reported quarterly EPS of $2.08, beating estimates of $1.92, while revenue of $1.47 billion exceeded expectations of $1.39 billion and rose 51.5% year over year.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and one Hold rating. ITT has a consensus “Moderate Buy” rating and an average price target of $234.75.
• Institutional investors own 91.59% of ITT, while an insider recently sold 7,123 shares. The company’s FY 2026 EPS guidance is $8.12–$8.32.

ITT Inc. (NYSE:ITT - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $226.94 and last traded at $228.9780, with a volume of 366351 shares traded. The stock had previously closed at $204.08.

The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.16. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.39 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company's revenue for the quarter was up 51.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ITT. Robert W. Baird set a $246.00 price objective on shares of ITT in a research report on Thursday, May 7th. Citigroup raised their price objective on ITT from $252.00 to $254.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Stifel Nicolaus increased their target price on ITT from $246.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Wolfe Research upgraded shares of ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 price objective on the stock in a report on Thursday, July 9th. Finally, Wall Street Zen cut shares of ITT from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, ITT presently has a consensus rating of "Moderate Buy" and an average target price of $234.75.

Insider Transactions at ITT

In other ITT news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the sale, the insider owned 8,729 shares of the company's stock, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.88% of the company's stock.

Institutional Trading of ITT

Several hedge funds have recently made changes to their positions in the company. Amundi lifted its holdings in ITT by 22,565.6% during the first quarter. Amundi now owns 7,253 shares of the conglomerate's stock valued at $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 during the period. Empowered Funds LLC bought a new stake in ITT during the 1st quarter valued at $360,000. Focus Partners Wealth lifted its position in shares of ITT by 80.7% during the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate's stock worth $1,017,000 after acquiring an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of ITT in the second quarter valued at $1,880,000. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Performance

The stock has a market capitalization of $20.54 billion, a P/E ratio of 40.34, a PEG ratio of 1.93 and a beta of 1.27. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $193.37 and a two-hundred day moving average price of $196.68.

About ITT

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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