Analysts’ Weekly Ratings Changes for ITT (ITT)

Several brokerages have updated their recommendations and price targets on shares of ITT (NYSE: ITT) in the last few weeks:

• 1/24/2025 – ITT had its price target lowered by analysts at Stifel Nicolaus from $180.00 to $179.00. They now have a “buy” rating on the stock.
• 1/21/2025 – ITT had its price target raised by analysts at KeyCorp from $164.00 to $170.00. They now have an “overweight” rating on the stock.
• 1/14/2025 – ITT was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/13/2025 – ITT had its price target lowered by analysts at Citigroup Inc. from $183.00 to $181.00. They now have a “buy” rating on the stock.
• 12/25/2024 – ITT was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/17/2024 – ITT was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/11/2024 – ITT is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
• 12/11/2024 – ITT had its price target raised by analysts at Stifel Nicolaus from $171.00 to $180.00. They now have a “buy” rating on the stock.
• 12/9/2024 – ITT had its price target raised by analysts at Citigroup Inc. from $176.00 to $183.00. They now have a “buy” rating on the stock.
• 12/7/2024 – ITT was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/27/2024 – ITT was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

ITT Price Performance

Shares of ITT traded down $1.55 during midday trading on Friday, hitting $151.65. The company’s stock had a trading volume of 44,377 shares, compared to its average volume of 330,951. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. ITT Inc. has a one year low of $118.58 and a one year high of $161.13. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The company’s fifty day simple moving average is $149.40 and its two-hundred day simple moving average is $143.80.

ITT (NYSE:ITT) last issued its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping the consensus estimate of $1.43 by $0.03. The firm had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. As a group, equities analysts expect that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, November 29th. ITT’s payout ratio is 21.84%.

Institutional Investors Weigh In On ITT

A number of hedge funds and other institutional investors have recently bought and sold shares of ITT. M&T Bank Corp boosted its stake in shares of ITT by 1.3% during the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock valued at $797,000 after purchasing an additional 69 shares in the last quarter. CIBC Asset Management Inc boosted its position in ITT by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock worth $360,000 after buying an additional 87 shares during the period. Round Rock Advisors LLC grew its holdings in ITT by 0.4% during the 3rd quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock worth $3,038,000 after acquiring an additional 90 shares during the last quarter. Tectonic Advisors LLC increased its position in ITT by 3.3% in the 3rd quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock valued at $437,000 after acquiring an additional 93 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of ITT by 5.9% during the second quarter. AE Wealth Management LLC now owns 1,802 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 100 shares during the period. Institutional investors own 91.59% of the company’s stock.

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.