ITT (NYSE:ITT) Shares Cross Above 200 Day Moving Average – Should You Sell?

ITT Inc. (NYSE:ITT – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $198.77 and traded as high as $203.00. ITT shares last traded at $202.5330, with a volume of 554,547 shares trading hands.

Wall Street Analyst Weigh In

ITT has been the subject of several research reports. BMO Capital Markets reissued an “outperform” rating and set a $273.00 price target on shares of ITT in a report on Friday, August 7th. Citigroup boosted their price target on ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Wolfe Research began coverage on ITT in a report on Tuesday, September 15th. They issued an “outperform” rating and a $272.00 price objective on the stock. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Finally, KeyCorp lifted 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. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.22.

Get Our Latest Research Report on ITT

ITT Stock Performance

The stock has a 50 day moving average of $201.90 and a 200 day moving average of $198.77. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 1.60 and a beta of 1.25.

ITT (NYSE:ITT – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, analysts anticipate that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 8th. ITT’s dividend payout ratio is 30.20%.

Insider Activity at ITT

In other news, CEO Luca Savi acquired 5,019 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $199.56 per share, with a total value 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 $53,356,955.88. The trade was a 1.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Graziano De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction 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. This represents a 8.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On ITT

Several hedge funds and other institutional investors have recently modified their holdings of ITT. BlackRock Inc. bought a new stake in shares of ITT during the 2nd quarter worth $1,715,593,000. Findlay Park Partners LLP acquired a new stake in ITT in the second quarter valued at about $276,395,000. Bank of America Corp DE bought a new position in ITT in the second quarter valued at about $173,436,000. Wellington Management Group LLP grew its position in ITT by 16.5% in the second quarter. Wellington Management Group LLP now owns 825,147 shares of the conglomerate’s stock valued at $163,181,000 after acquiring an additional 117,155 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in ITT in the second quarter valued at about $127,872,000. Institutional investors own 91.59% of the company’s stock.

ITT Company Profile

(Get Free Report)

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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