ITT Inc. Receives

As investment experts monitor ITT Inc. (NYSE:ITT), the consensus suggests optimism with a strong "Buy" rating given by brokerage firms. Currently, seven analysts are tracking ITT stock and all of them have recommended buying. The targeted average price over twelve months is predicted to be $111.29, highlighting positive expectations from the stock analysts.

Recent Analyst Insights

Recent reports from various analysts reflect favorable views on ITT's stock performance. Notably, TD Cowen increased their price target to $105 along with an "outperform" rating. This was followed by Robert W. Baird's target hike to $107 and Bank of America's upgrade from "neutral" to "buy" with a significant price target boost to $125. Conversely, StockNews.com slightly moderated their view by downgrading from "strong-buy" to "buy." KeyCorp has also shown confidence by setting their target at $115, reinforcing the bullish sentiment overall.

Insider Trading Activity

Insider transactions can sometimes provide clues about a stock's future. Notably, ITT's Director, Don Defosset, sold 9,996 shares for a total of just over $1 million. Despite this sale, insight into insider holdings reveals that corporate insiders own 0.60% of the company's stock, indicative of a vested interest in the company's success.

Institutional Investor Moves

Hedge funds and institutional investors have shown their confidence in ITT through their recent activities. Positions have been increased by prominent investors such as Capital International Investors, Vanguard Group Inc., FMR LLC, and BlackRock Inc. In particular, Capital International Investors now holds shares valued at roughly $873 million. This demonstrates a broader investor belief in the value and growth potential of ITT.

Stock Market Performance

ITT's stock opened at $110.23 on the latest trading day and has experienced a year range from $75.82 to $110.30. Stability can be seen in the market performance, with both 50-day and 200-day moving averages showing steady growth. ITT's overall market capitalization stands at around $9.05 billion, with a price-to-earnings ratio suggesting an optimistic outlook for the stock.

Moreover, ITT has exceeded earnings expectations in its last quarterly report by achieving $1.37 earnings per share (EPS), against the $1.27 consensus estimate. This performance cements analysts' high expectations and the company's solid financial standing.

Share Repurchase Plan and Dividends

ITT's management has approved a share repurchase plan, a strategic move that often signals confidence in the stock's undervaluation. This plan allows for the repurchase of up to $1 billion in shares or 12.1% of total stock. Adding to investor incentives, ITT has announced a quarterly dividend, maintaining a yield of 1.05%.

Company Overview

ITT Inc. is an established manufacturer and seller of critical engineered components and customized technology solutions. It serves the ever-evolving transportation, industrial, and energy sectors globally through its diverse product offerings.

ITT, Buy, Analysts