Cibc World Market Inc. Buys Shares of 81,522 ITT Inc. $ITT

Cibc World Market Inc. bought a new position in shares of ITT Inc. (NYSE:ITT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 81,522 shares of the conglomerate’s stock, valued at approximately $16,122,000.

A number of other large investors also recently modified their holdings of ITT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of ITT in the 2nd quarter valued at about $28,000. Trust Co. of Vermont acquired a new stake in ITT during the second quarter worth about $33,000. Elyxium Wealth LLC bought a new position in ITT in the fourth quarter worth about $29,000. Bayban bought a new position in ITT in the fourth quarter worth about $31,000. Finally, Parkside Financial Bank & Trust boosted its stake in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 76 shares during the period. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Performance

Shares of NYSE ITT opened at $204.93 on Tuesday. 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 cap of $18.32 billion, a P/E ratio of 40.18, a PEG ratio of 1.70 and a beta of 1.27. The stock has a fifty day moving average price of $199.21 and a two-hundred day moving average price of $199.47. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32.

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

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is presently 30.20%.

Analyst Upgrades and Downgrades

ITT has been the topic of several recent research reports. Stifel Nicolaus raised their price target on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Barclays upped their price target on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating and issued a $273.00 target price on shares of ITT in a research report on Friday, August 7th. DA Davidson lifted their price target on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, KeyCorp increased their price objective on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.08.

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.88% of the company’s stock.

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.