Capital International Sarl Buys 31,793 Shares of ITT Inc. $ITT

Capital International Sarl grew its stake in ITT Inc. (NYSE:ITT) by 47.1% during the 4th quarter, HoldingsChannel reports. The firm owned 99,256 shares of the conglomerate’s stock after acquiring an additional 31,793 shares during the quarter. Capital International Sarl’s holdings in ITT were worth $17,222,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Amundi grew its holdings in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after purchasing an additional 28,937 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of ITT in the 1st quarter worth about $360,000. Focus Partners Wealth grew its holdings in shares of ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after purchasing an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of ITT in the 2nd quarter worth about $1,880,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

ITT has been the topic of several analyst reports. Barclays upped their target price on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. The Goldman Sachs Group began coverage on ITT in a report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price target for the company. Robert W. Baird set a $246.00 price target on ITT in a report on Thursday, May 7th. Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, KeyCorp raised their price target on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, ITT has an average rating of “Moderate Buy” and an average target price of $234.91.

ITT Trading Down 0.9%

ITT stock opened at $191.61 on Friday. The business has a fifty day moving average price of $203.28 and a 200 day moving average price of $192.05. ITT Inc. has a fifty-two week low of $149.02 and a fifty-two week high of $225.26. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the firm posted $1.45 EPS. The business’s revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts expect that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be given a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares in the company, valued at $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by company insiders.

ITT Company Profile

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.