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ITT (NYSE:ITT) Inc stock reached a significant milestone, hitting an all-time high of 162.0 USD, supported by strong fundamentals and an overall "GREAT" financial health score according to InvestingPro analysis. This achievement reflects a robust performance over the past year, with the company’s stock delivering a 15.85% return. The rise in ITT’s stock price underscores investor confidence, supported by consistent dividend payments for 55 consecutive years and a healthy 10.03% dividend growth. As the stock reaches new heights, it highlights ITT’s resilience and growth potential, though current valuations suggest careful consideration. Discover 12 additional exclusive insights and comprehensive analysis in ITT’s Pro Research Report, available on InvestingPro.
In other recent news, ITT Inc. announced that its Svanehøj division has secured a significant contract to supply specialized pumps for next-generation Ultra Large Ethane Carriers. These carriers, each with a 40 million-gallon capacity, are set to receive deepwell fuel, cargo, and stripping pumps starting in early 2026. Additionally, ITT is set to showcase its new VIDAR motor technology at upcoming industry events in Houston. The company will host a presentation and keynote to introduce this energy-efficient motor to industry professionals. In leadership developments, ITT appointed Mary Laschinger to its Board of Directors, bringing her extensive industrial experience to the company. On the financial front, BofA Securities and TD Cowen have both raised their price targets for ITT to $170, maintaining a Buy rating. These adjustments follow ITT’s investor day, where the company emphasized its strategic focus on mergers, acquisitions, and organic growth. Analysts at both firms noted ITT’s commitment to achieving ambitious growth targets by 2030.
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