ITT (NYSE:ITT) Shares Break Above 200 Day Moving Average Following Analyst Downgrade

by · The Markets Daily

ITT Inc. (NYSE:ITT – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday after Weiss Ratings upgraded the stock from a buy (b-) rating to a buy (b) rating. The stock has a 200-day moving average of $199.34 and traded as high as $205.82. ITT shares last traded at $205.3810, with a volume of 1,391,354 shares changing hands.

ITT has been the topic of a number of other research reports. Stifel Nicolaus raised their price target on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Citigroup increased 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. KeyCorp boosted their price objective on ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. DA Davidson increased their target price on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.44.

View Our Latest Research Report on ITT

Insider Activity

In related news, CEO Luca Savi bought 5,019 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was bought at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the purchase, the chief executive officer directly owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. This 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. 0.88% of the stock is owned by company insiders.

Trending Headlines about ITT

Here are the key news stories impacting ITT this week:

  • Positive Sentiment: ITT reported third-quarter adjusted earnings of $2.26 per share and revenue of about $1.44 billion, topping analyst expectations. The company also raised its full-year EPS outlook; management indicated a 2026 adjusted EPS midpoint of $8.58 and is targeting year-end leverage of roughly 2.1x. ITT Lifts Guidance As 3Q Revenue Grows ITT 2026 EPS and leverage outlook
  • Positive Sentiment: Recent valuation coverage says ITT may be below fair value based on cash flow, reinforcing the view that the stock could have room to appreciate. ITT Stock Looks Below Fair Value on Cash Flow
  • Neutral Sentiment: Citigroup lowered its price target from $267 to $251 but kept a Buy rating. The reduced target is a cautionary signal, though it still implies substantial upside from the cited share price. Citigroup rating and price target
  • Neutral Sentiment: ITT announced it will participate in Baird’s Global Industrial Conference on November 10; the event may provide investors with further updates but is not itself a financial-results catalyst. ITT conference announcement

Institutional Investors Weigh In On ITT

Large investors have recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in ITT by 4.0% during the 3rd quarter. Allworth Financial LP now owns 4,197 shares of the conglomerate’s stock valued at $830,000 after purchasing an additional 162 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of ITT by 1.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 70,406 shares of the conglomerate’s stock valued at $14,211,000 after purchasing an additional 973 shares during the last quarter. Eurizon Capital SGR S.p.A. grew its stake in ITT by 9.9% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 1,142 shares of the conglomerate’s stock valued at $234,000 after buying an additional 103 shares in the last quarter. King Luther Capital Management Corp increased its stake in ITT by 0.3% in the 3rd quarter. King Luther Capital Management Corp now owns 181,674 shares of the conglomerate’s stock worth $36,665,000 after acquiring an additional 581 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in shares of ITT by 6.5% during the third quarter. Maryland State Retirement & Pension System now owns 5,274 shares of the conglomerate’s stock worth $1,064,000 after acquiring an additional 321 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

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 business has a fifty day moving average of $201.14 and a 200 day moving average of $199.34. The company has a market cap of $18.36 billion, a P/E ratio of 42.26, a P/E/G ratio of 1.65 and a beta of 1.25.

ITT (NYSE:ITT – Get Free Report) last announced its earnings results on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.18. ITT had a net margin of 8.90% and a return on equity of 15.90%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $1.78 EPS. The company’s quarterly revenue was up 44.2% compared to the same quarter last year. On average, equities analysts predict that ITT Inc. will post 8.30 EPS for the current year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be paid a $0.3860 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 4th. ITT’s dividend payout ratio (DPR) is 31.69%.

About ITT

(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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