ITT (NYSE:ITT) Shares Break Above 200 Day Moving Average - Here's Why

Key Points

• ITT shares broke above their 200-day moving average, reaching $208.97 and last trading near $206.88, compared with the average of $200.74.
• Analyst sentiment remains positive: eight analysts rate ITT a Buy and one rates it a Hold, producing a “Moderate Buy” consensus and an average price target of $259.56.
• ITT reported quarterly EPS of $2.08, exceeding estimates by $0.16, while revenue rose 51.5% year over year to $1.47 billion. The company also maintains a quarterly dividend of $0.386 per share, yielding about 0.7%.

ITT Inc. (NYSE:ITT - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $200.74 and traded as high as $208.97. ITT shares last traded at $206.8780, with a volume of 726,986 shares trading hands.

Analyst Ratings Changes

ITT has been the subject of several recent research reports. Weiss Ratings upgraded shares of ITT from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. DA Davidson upped their price objective on ITT from $255.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Stifel Nicolaus raised 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. Citigroup lifted their target price on ITT from $254.00 to $267.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, ITT presently has a consensus rating of "Moderate Buy" and an average price target of $259.56.

ITT Stock Up 0.3%

The firm has a market capitalization of $18.49 billion, a PE ratio of 40.56, a P/E/G ratio of 1.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. The company has a 50-day moving average price of $205.56 and a 200 day moving average price of $200.74.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter last year, the business posted $1.64 earnings per share. The firm's revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th were issued a dividend of $0.3860 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 8th. ITT's dividend payout ratio (DPR) is 30.20%.

Insider Activity at ITT

In other news, CAO Graziano De sold 700 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares of the company's stock, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Luca Savi bought 5,019 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the transaction, the chief executive officer owned 267,373 shares of the company's stock, valued at $53,356,955.88. The trade was a 1.91% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.88% of the company's stock.

Institutional Trading of ITT

Several hedge funds have recently bought and sold shares of the stock. CX Institutional increased its holdings in shares of ITT by 30.3% in the third quarter. CX Institutional now owns 972 shares of the conglomerate's stock worth $196,000 after purchasing an additional 226 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of ITT by 27.8% in the second quarter. QRG Capital Management Inc. now owns 2,660 shares of the conglomerate's stock worth $526,000 after buying an additional 578 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in ITT by 104.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,545 shares of the conglomerate's stock valued at $701,000 after buying an additional 1,812 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in ITT by 17.1% during the second quarter. Sequoia Financial Advisors LLC now owns 44,405 shares of the conglomerate's stock valued at $8,782,000 after buying an additional 6,500 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in ITT by 19.3% during the 2nd quarter. Engineers Gate Manager LP now owns 385,727 shares of the conglomerate's stock valued at $76,281,000 after buying an additional 62,371 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Company Profile

ITT Inc NYSE: ITT is a global manufacturer of highly engineered components and technologies serving the transportation, energy, industrial, infrastructure, and aerospace and defense markets. The company develops products designed to support critical applications where reliability, performance, and safety are essential.

ITT operates through three principal business segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. Its products include brake pads and friction materials, shock absorbers, pumps, valves, monitoring and control systems, connectors, switches, and other specialized components.

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