ITT (NYSE:ITT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ITT (NYSE:ITT) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other research firms have also weighed in on ITT. Citigroup lifted their price objective on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. DA Davidson set a $245.00 price target on shares of ITT in a research report on Monday, February 9th. Robert W. Baird set a $222.00 price objective on shares of ITT in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Finally, Stifel Nicolaus upped their price target on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $216.11.

ITT Stock Up 2.2%

Shares of ITT opened at $203.55 on Friday. ITT has a fifty-two week low of $105.64 and a fifty-two week high of $207.98. The company’s fifty day moving average is $182.84 and its two-hundred day moving average is $178.82. The firm has a market cap of $17.51 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $1.50 EPS. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Analysts forecast that ITT will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be paid a dividend of $0.386 per share. This is a positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is presently 22.91%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Amundi increased its holdings in ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of ITT by 7.4% during the first 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. Empowered Funds LLC bought a new stake in shares of ITT in the first quarter worth $360,000. Focus Partners Wealth raised its holdings 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 acquiring an additional 3,515 shares in the last quarter. Finally, CWM LLC boosted its stake in ITT by 48.8% during the 2nd quarter. CWM LLC now owns 10,028 shares of the conglomerate’s stock valued at $1,573,000 after acquiring an additional 3,287 shares during the last quarter. Institutional investors and hedge funds 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.