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On Friday, Stifel analysts increased the price target for ITT Corp. (NYSE:ITT) shares to $171 from the previous $161, while reiterating a Buy rating for the stock. According to InvestingPro data, ITT currently trades at $150.87, with analysts’ targets ranging from $141 to $182. During ITT’s Capital Markets Day held in New York, the company showcased technology demonstrations and set forth its 2030 financial goals, which include a strategic emphasis on capital deployment towards acquisitions.
The Stifel analysts expressed a positive outlook on ITT’s future, citing the company’s announcement of its long-term financial objectives and acquisition strategy as key factors in driving substantial value for shareholders. They noted that these strategies represent the next steps in ITT’s trajectory towards becoming a leading industrial entity known for consistent growth and expanding profit margins, with acquisitions playing a supportive role.
The analysts’ confidence in ITT is reinforced by the company’s historical performance, which has been characterized by solid organic growth and margin improvement. They anticipate that ITT’s commitment to these strategies will bolster its position as a top-tier industrial compounder. Nine analysts have recently revised their earnings estimates upward for the upcoming period, according to InvestingPro, which offers comprehensive analysis of over 1,400 US stocks through its Pro Research Reports.
ITT’s management has outlined a comprehensive plan for the future, aiming to leverage the company’s existing strengths while actively seeking growth through strategic acquisitions. This plan is designed to enhance ITT’s market presence and financial performance over the coming decade.
The increase in the price target by Stifel reflects an optimistic stance on ITT’s ability to execute its long-term strategy effectively and deliver on its promise of increased shareholder value through a combination of organic and acquisitive growth.
In other recent news, ITT Inc. reported its first-quarter 2025 earnings, with an adjusted earnings per share (EPS) of $1.45, slightly exceeding the forecast of $1.43. Revenue for the quarter stood at $913 million, meeting expectations, although it showed no year-over-year growth. During ITT’s Capital Markets Day, the company set ambitious financial targets for 2030, aiming for more than 5% average annual organic revenue growth and a total of approximately 10% with acquisitions. The company plans to invest $500-700 million annually in acquisitions, contributing significantly to its earnings per share.
Analysts have shown confidence in ITT’s future prospects. Citi analyst Vladimir Bystricky reiterated a Buy rating with a $159 price target, citing ITT’s focus on organic and inorganic growth opportunities. Similarly, DA Davidson maintained a Buy rating with a $170 price target, recognizing ITT as part of its Best-of-Breed Bison initiative, which identifies top-performing companies with sustainable competitive advantages. ITT’s new Vidar industrial motor technology, promising significant energy savings, was also highlighted as a strategic initiative for future growth.
ITT’s leadership emphasized the company’s commitment to surpassing previously set targets through innovation and mergers and acquisitions (M&A). The company also reported strong order growth, particularly in its Connect and Control segment, achieving over $1 billion in orders, the highest in its history. These developments reflect ITT’s strategic focus on driving growth and enhancing shareholder value in the coming years.
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