Bowen Hanes & Co. Inc. Buys Shares of 213,000 ITT Inc. $ITT

Bowen Hanes & Co. Inc. bought a new stake in shares of ITT Inc. (NYSE:ITT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 213,000 shares of the conglomerate’s stock, valued at approximately $36,958,000.

Several other large investors have also recently bought and sold shares of ITT. Rational Advisors Inc. grew its stake in shares of ITT by 9.3% in the 4th quarter. Rational Advisors Inc. now owns 20,000 shares of the conglomerate’s stock worth $3,470,000 after purchasing an additional 1,700 shares during the last quarter. AXQ Capital LP acquired a new position in shares of ITT in the 4th quarter worth approximately $1,736,000. Mawer Investment Management Ltd. grew its stake in shares of ITT by 4.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 422,740 shares of the conglomerate’s stock worth $73,350,000 after purchasing an additional 19,821 shares during the last quarter. Rothschild Wealth LLC acquired a new position in shares of ITT in the 4th quarter worth approximately $234,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of ITT by 6.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,271 shares of the conglomerate’s stock worth $3,691,000 after purchasing an additional 1,252 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Performance

ITT stock opened at $194.30 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The stock has a market cap of $17.37 billion, a P/E ratio of 34.27, a P/E/G ratio of 1.83 and a beta of 1.27. The firm has a 50 day simple moving average of $203.33 and a 200 day simple moving average of $192.00. ITT Inc. has a 52 week low of $149.02 and a 52 week high of $225.26.

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

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is presently 27.16%.

Analysts Set New Price Targets

ITT has been the topic of several recent research reports. Stifel Nicolaus set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. KeyCorp lifted their price objective on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. Citigroup raised their target price on shares of ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Barclays raised 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. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, ITT currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.91.

Insider Activity at ITT

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

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.