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BofA Securities analysts upgrades a Buy rating for ITT Inc (ITT)

ITT Inc’s recent filing unveils that its SVP & President, CCT Flynn Ryan F. unloaded Company’s shares for reported $0.28 million on Dec 08 ’23. In the deal valued at $113.44 per share,2,500 shares were sold. As a result of this transaction, Flynn Ryan F. now holds 14,047 shares worth roughly $1.95 million.

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Then, DEFOSSET DON sold 9,996 shares, generating $1,012,151 in total proceeds. Upon selling the shares at $101.25, the Director now owns 20,694 shares.

Before that, Lembesis Maurine C. sold 4,000 shares. ITT Inc shares valued at $405,744 were divested by the SVP, Chief HR Officer at a price of $101.44 per share. As a result of the transaction, Lembesis Maurine C. now holds 17,146 shares, worth roughly $2.39 million.

BofA Securities upgraded its ITT Inc [ITT] rating to a Buy from a a Neutral in a research note published on November 16, 2023; the price target was increased to $125 from $105. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. UBS also remained covering ITT and has increased its forecast on April 08, 2022 with a “Buy” recommendation from previously “Neutral” rating. Oppenheimer revised its rating on March 28, 2022. It rated ITT as “a Perform” which previously was an “an Outperform”.

Price Performance Review of ITT

On Tuesday, ITT Inc [NYSE:ITT] saw its stock fall -0.35% to $139.17. Over the last five days, the stock has gained 1.20%. ITT Inc shares have risen nearly 16.64% since the year began. Nevertheless, the stocks have risen 69.49% over the past one year. While a 52-week high of $140.20 was reached on 05/20/24, a 52-week low of $75.82 was recorded on 01/03/24. SMA at 50 days reached $131.84, while 200 days put it at $114.61. A total of 0.21 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For ITT Stock

The 24-hour chart illustrates a support level at 138.68, which if violated will result in even more drops to 138.18. On the upside, there is a resistance level at 139.71. A further resistance level may holdings at 140.25. The Relative Strength Index (RSI) on the 14-day chart is 63.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.70%. Stochastics %K at 95.91% indicates the stock is a selling.

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