ITT (NYSE:ITT) CEO Luca Savi Purchases 5,019 Shares of Stock

ITT Inc. (NYSE:ITT) CEO Luca Savi acquired 5,019 shares of the stock in a transaction on Monday, August 31st. The stock was bought at an average cost of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the transaction, the chief executive officer owned 267,373 shares in the company, valued at $53,356,955.88. This trade represents a 1.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ITT Stock Performance

Shares of NYSE:ITT opened at $194.03 on Wednesday. The firm has a market cap of $17.35 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27. The firm’s 50 day simple moving average is $200.19 and its 200-day simple moving average is $199.64. ITT Inc. has a one year low of $166.96 and a one year high of $230.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. ITT’s quarterly revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities analysts predict that ITT Inc. will post 8.25 EPS for the current year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is currently 30.20%.

Analyst Upgrades and Downgrades

ITT has been the topic of several research reports. Barclays raised their price target on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. KeyCorp raised their target price on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.82.

Institutional Investors Weigh In On ITT

A number of hedge funds have recently made changes to their positions in ITT. Andina Capital Management LLC raised its holdings in ITT by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after purchasing an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of ITT by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock valued at $370,000 after buying an additional 52 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of ITT by 5.1% in the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock valued at $207,000 after buying an additional 52 shares in the last quarter. Toronto Dominion Bank grew its position in shares of ITT by 2.2% in the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after buying an additional 53 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after buying an additional 60 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

About ITT

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.