ITT Inc. (NYSE:ITT) Stock Has Average Target Price of $252.60 According to Brokerages

Shares of ITT Inc. (NYSE:ITT – Get Free Report) have earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $252.60.

A number of brokerages have recently issued reports on ITT. KeyCorp boosted their target price on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $273.00 price target on shares of ITT in a research report on Friday, August 7th. Stifel Nicolaus boosted their price objective on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Wolfe Research assumed coverage on shares of ITT in a research note on Tuesday, September 15th. They set an “outperform” rating and a $272.00 price objective for the company. Finally, Weiss Ratings raised shares of ITT from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 4th.

View Our Latest Report on ITT

Insider Buying and Selling

In other news, CEO Luca Savi acquired 5,019 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the purchase, the chief executive officer directly owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. This trade represents a 1.91% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Graziano De sold 700 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company’s stock.

Institutional Trading of ITT

Several large investors have recently modified their holdings of ITT. Oppenheimer Asset Management Inc. bought a new position in shares of ITT during the second quarter worth about $2,285,000. Diversified Trust Co bought a new stake in ITT in the first quarter valued at about $2,478,000. Allspring Global Investments Holdings LLC raised its stake in ITT by 15.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 110,200 shares of the conglomerate’s stock valued at $21,264,000 after buying an additional 15,004 shares in the last quarter. Geode Capital Management LLC raised its stake in ITT by 15.6% during the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock valued at $280,267,000 after buying an additional 217,360 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in ITT by 2,444.6% during the 4th quarter. Engineers Gate Manager LP now owns 436,889 shares of the conglomerate’s stock worth $75,805,000 after buying an additional 419,720 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Trading Up 0.5%

Shares of ITT opened at $207.26 on Tuesday. ITT has a twelve month low of $166.96 and a twelve month high of $230.32. The firm has a market capitalization of $18.53 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. 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 stock’s fifty day simple moving average is $204.58 and its 200 day simple moving average is $200.16.

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

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be given a $0.3860 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s dividend payout ratio (DPR) is 30.20%.

ITT Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for ITT (NYSE:ITT)

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