ITT (NYSE:ITT) Share Price Crosses Above 200 Day Moving Average Following Analyst Downgrade

Key Points

• ITT shares climbed above their 200-day moving average, reaching $205.82 versus the $199.34 average, and were recently trading at $205.38. Weiss Ratings raised its rating from B- to B.
• ITT beat third-quarter expectations, reporting adjusted EPS of $2.26 and revenue of $1.44 billion; revenue increased 44.2% year over year. Management also raised its full-year EPS outlook.
• Analyst sentiment is broadly positive: eight analysts rate ITT a Buy and one a Hold, with a consensus price target of $258.44. CEO Luca Savi also bought 5,019 shares in a disclosed transaction.

ITT Inc. (NYSE:ITT - Get Free Report) shares passed above its 200-day moving average during trading on Friday after Weiss Ratings upgraded the stock from a buy (b-) rating to a buy (b) rating. The stock has a 200-day moving average of $199.34 and traded as high as $205.82. ITT shares last traded at $205.3810, with a volume of 1,391,354 shares trading hands.

ITT has been the subject of several other reports. Stifel Nicolaus lifted their price objective on ITT from $246.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Citigroup raised their price objective on shares of ITT from $254.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. KeyCorp increased their price objective on ITT from $250.00 to $263.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Wolfe Research started coverage on shares of ITT in a research note on Tuesday, September 15th. They set an "outperform" rating and a $272.00 target price for the company. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $273.00 target price on shares of ITT in a report on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $258.44.

Insider Transactions at ITT

In other news, CEO Luca Savi bought 5,019 shares of the company's stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the transaction, the chief executive officer directly owned 267,373 shares in the company, valued at $53,356,955.88. The trade was a 1.91% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by company insiders.

ITT News Summary

Here are the key news stories impacting ITT this week:

• Positive Sentiment: ITT reported third-quarter adjusted earnings of $2.26 per share and revenue of about $1.44 billion, topping analyst expectations. The company also raised its full-year EPS outlook; management indicated a 2026 adjusted EPS midpoint of $8.58 and is targeting year-end leverage of roughly 2.1x. ITT Lifts Guidance As 3Q Revenue Grows ITT 2026 EPS and leverage outlook
• Positive Sentiment: Recent valuation coverage says ITT may be below fair value based on cash flow, reinforcing the view that the stock could have room to appreciate. ITT Stock Looks Below Fair Value on Cash Flow
• Neutral Sentiment: Citigroup lowered its price target from $267 to $251 but kept a Buy rating. The reduced target is a cautionary signal, though it still implies substantial upside from the cited share price. Citigroup rating and price target
• Neutral Sentiment: ITT announced it will participate in Baird’s Global Industrial Conference on November 10; the event may provide investors with further updates but is not itself a financial-results catalyst. ITT conference announcement

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ITT. Pension & Wealth Management Advisors Inc. bought a new stake in ITT during the 3rd quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ITT in the 2nd quarter worth $28,000. Trust Co. of Vermont purchased a new stake in ITT during the second quarter valued at approximately $33,000. Jacobi Capital Management LLC purchased a new position in shares of ITT in the third quarter valued at about $35,000. Finally, Ascentis Independent Advisors bought a new stake in ITT during the first quarter worth approximately $42,000. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Stock Up 4.8%

The firm has a market cap of $18.36 billion, a P/E ratio of 42.26, a P/E/G ratio of 1.65 and a beta of 1.25. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $201.14 and a 200-day moving average price of $199.34.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.18. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.42 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The business's revenue for the quarter was up 44.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 EPS. On average, equities analysts forecast that ITT Inc. will post 8.30 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be paid a $0.3860 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 4th. ITT's dividend payout ratio (DPR) is 31.69%.

ITT Company Profile

ITT Inc NYSE: ITT is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.

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