ITT (NYSE:ITT – Get Free Report)‘s stock had its “outperform” rating reissued by stock analysts at Wolfe Research in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $272.00 price target on the conglomerate’s stock. Wolfe Research’s price target would suggest a potential upside of 36.38% from the company’s previous close.
ITT has been the subject of a number of other research reports. DA Davidson increased their price objective on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of ITT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Citigroup lifted their target price on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Stifel Nicolaus upped their target price on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $273.00 price target on shares of ITT in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $248.73.
Read Our Latest Analysis on ITT
ITT Price Performance
ITT (NYSE:ITT – Get Free Report) last issued its earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.ITT’s revenue was up 51.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Sell-side analysts predict that ITT will post 8.25 earnings per share for the current year.
Insider Buying and Selling at ITT
In other news, CEO Luca Savi bought 5,019 shares of the stock in a transaction dated Monday, August 31st. The shares were acquired at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the acquisition, the chief executive officer owned 267,373 shares in the company, valued at $53,356,955.88. This trade represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Graziano De sold 700 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the sale, the chief accounting officer owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This trade represents a 8.91% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of ITT. Andina Capital Management LLC grew its position in ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after acquiring an additional 49 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in ITT by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 52 shares during the last quarter. Whittier Trust Co. boosted its stake in ITT by 5.1% in the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after purchasing an additional 52 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of ITT by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after purchasing an additional 60 shares during the last quarter. Finally, Burney Co. increased its stake in shares of ITT by 2.3% in the first quarter. Burney Co. now owns 3,390 shares of the conglomerate’s stock valued at $646,000 after buying an additional 76 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.
ITT Company Profile
ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability.
ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications.
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