A share price of ITT Inc [ITT] is currently trading at $129.67, up 2.52%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ITT shares have gain 1.88% over the last week, with a monthly amount glided 4.81%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, ITT Announces Participation at Bank of America Global Industrials Conference 2024 on March 19. In a post published today on Yahoo Finance, March 6, 2024– ITT Inc. (NYSE: ITT) today announced its participation at the Bank of America Global Industrials Conference 2024 in London on March 19.
From an analyst’s perspective:
ITT Inc [NYSE: ITT] stock has seen the most recent analyst activity on November 16, 2023, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $125 from $105. Previously, BofA Securities downgraded its rating to Neutral on July 11, 2022, and dropped its price target to $74. On April 08, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $95 on the stock. Oppenheimer downgraded its rating to a Perform. BofA Securities upgraded its rating to a Buy and raised its price target to $130 on December 08, 2021. Citigroup started tracking with a Buy rating for this stock on June 15, 2021, and assigned it a price target of $113. In a note dated May 13, 2021, Gordon Haskett downgraded an Hold rating on this stock but restated the target price of $101.
ITT Inc experienced fluctuations in its stock price throughout the past year between $75.82 and $129.40. Currently, Wall Street analysts expect the stock to reach $95.33 within the next 12 months. ITT Inc [NYSE: ITT] shares were valued at $129.67 at the most recent close of the market. An investor can expect a potential drop of -26.48% based on the average ITT price forecast.
Analyzing the ITT fundamentals
Trailing Twelve Months sales for ITT Inc [NYSE:ITT] were 3.28B which represents 7.04% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.17 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 127.14 points at the first support level, and at 124.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 131.53, and for the 2nd resistance point, it is at 133.39.
ITT Inc [ITT] reported earnings per share of $1.34 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.34/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.37 per share as compared to estimates of $1.27 per share, a difference of $0.1 representing a surprise of 7.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ITT Inc [NYSE:ITT] is 1.79. In addition, the Quick Ratio stands at 1.24 and the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 3.24, the price to book ratio is 4.21 and price to earnings (TTM) ratio is 26.11.
Transactions by insiders
Recent insider trading involved Flynn Ryan F., SVP & President, CCT, that happened on Dec 08 ’23 when 2500.0 shares were sold. Director, DEFOSSET DON completed a deal on Nov 06 ’23 to sell 9996.0 shares. Meanwhile, SVP, Chief HR Officer Lembesis Maurine C. sold 4000.0 shares on Aug 04 ’23.
