ITT (NYSE:ITT) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

ITT (NYSE:ITT – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Other analysts have also issued reports about the stock. Bank of America boosted their price objective on shares of ITT from $190.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Stifel Nicolaus set a $225.00 price objective on shares of ITT in a research report on Friday, December 5th. KeyCorp boosted their target price on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Cowen restated a “buy” rating on shares of ITT in a research report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $207.13.

Read Our Latest Research Report on ITT

ITT Stock Up 0.2%

Shares of NYSE ITT opened at $182.37 on Friday. The company has a market capitalization of $15.69 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 1.05. The company has a 50 day simple moving average of $179.85 and a 200-day simple moving average of $173.54. ITT has a 1 year low of $105.64 and a 1 year high of $197.07.

ITT (NYSE:ITT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.11. ITT had a return on equity of 18.96% and a net margin of 12.67%.The company had revenue of $999.10 million during the quarter, compared to analyst estimates of $973.69 million. During the same period in the prior year, the business posted $1.46 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. On average, equities research analysts predict that ITT will post 6.51 earnings per share for the current year.

Insider Buying and Selling at ITT

In related news, CFO Emmanuel Caprais sold 5,500 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $185.23, for a total transaction of $1,018,765.00. Following the transaction, the chief financial officer directly owned 36,830 shares in the company, valued at approximately $6,822,020.90. This represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 238 shares of ITT stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the completion of the sale, the chief accounting officer owned 5,062 shares of the company’s stock, valued at $926,750.96. This trade represents a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On ITT

Institutional investors have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new position in shares of ITT in the 2nd quarter worth about $27,000. True Wealth Design LLC increased its position in ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 114 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in ITT in the second quarter valued at approximately $34,000. Quent Capital LLC purchased a new position in ITT in the third quarter valued at approximately $37,000. Finally, Triumph Capital Management acquired a new position in ITT during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

About ITT

(Get Free Report)

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.

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