Weekly Analysts’ Ratings Changes for ITT (ITT)

A number of firms have modified their ratings and price targets on shares of ITT (NYSE: ITT) recently:

• 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.
• 10/31/2024 – ITT had its price target raised by analysts at TD Cowen from $150.00 to $165.00. They now have a “buy” rating on the stock.
• 10/30/2024 – ITT had its price target lowered by analysts at Robert W. Baird from $165.00 to $163.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – ITT had its price target raised by analysts at Stifel Nicolaus from $157.00 to $167.00. They now have a “buy” rating on the stock.
• 10/14/2024 – ITT had its price target raised by analysts at KeyCorp from $155.00 to $164.00. They now have an “overweight” rating on the stock.

ITT Stock Down 1.0 %

ITT traded down $1.49 on Friday, hitting $150.68. 248,066 shares of the company were exchanged, compared to its average volume of 378,282. The firm has a 50-day moving average price of $151.13 and a two-hundred day moving average price of $140.43. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. ITT Inc. has a twelve month low of $113.70 and a twelve month high of $161.13. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.99 and a beta of 1.40.

ITT (NYSE:ITT) last posted its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, beating the consensus estimate of $1.43 by $0.03. The firm had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. ITT’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. On average, equities analysts predict that ITT Inc. will post 5.84 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. ITT’s payout ratio is currently 21.67%.

Institutional Trading of ITT

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITT. Capital Performance Advisors LLP acquired a new stake in shares of ITT in the 3rd quarter worth $26,000. Resources Management Corp CT ADV purchased a new position in ITT during the third quarter worth about $30,000. Headlands Technologies LLC acquired a new stake in ITT in the second quarter valued at about $32,000. UMB Bank n.a. boosted its holdings in ITT by 315.8% in the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in ITT during the 2nd quarter worth approximately $36,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.