ITT (NYSE:ITT) CAO Sells 700 Shares of Stock

ITT Inc. (NYSE:ITT) CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares in the company, valued at $1,535,891.86. This represents a 8.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ITT Stock Performance

Shares of ITT stock traded down $1.25 during mid-day trading on Monday, reaching $211.88. 715,258 shares of the company’s stock traded hands, compared to its average volume of 936,605. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The firm has a market capitalization of $18.94 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. ITT Inc. has a 12 month low of $164.00 and a 12 month high of $230.32. The firm has a 50 day moving average price of $194.15 and a two-hundred day moving average price of $197.11.

ITT (NYSE:ITT) last announced its earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.ITT’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, research analysts forecast that ITT Inc. will post 8.02 EPS for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT’s dividend payout ratio (DPR) is 30.20%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wolfe Research upgraded ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus upped their target price on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Barclays increased their price objective on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup lifted their target price on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a report on Friday. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and an average price target of $240.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of ITT during the second quarter valued at $28,000. Elyxium Wealth LLC bought a new stake in ITT during the 4th quarter valued at $29,000. Bayban bought a new stake in ITT during the 4th quarter valued at $31,000. Trust Co. of Vermont purchased a new position in shares of ITT in the 2nd quarter valued at $33,000. Finally, Parkside Financial Bank & Trust raised its position in shares of ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 91.59% 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.