ITT (NYSE:ITT) CAO Mesa Graziano Cheryl De Sells 200 Shares

ITT Inc. (NYSE:ITT) CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction 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 owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ITT Stock Performance

NYSE:ITT opened at $206.13 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.07 and a current ratio of 1.53. ITT Inc. has a 52-week low of $142.64 and a 52-week high of $225.26. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.98 and a beta of 1.32. The business’s fifty day moving average is $201.24 and its 200 day moving average is $190.14.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Research analysts predict that ITT Inc. will post 7.8 EPS for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be paid a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, June 8th. ITT’s payout ratio is presently 27.16%.

Institutional Trading of ITT

A number of hedge funds have recently bought and sold shares of the company. Capital International Investors lifted its position in ITT by 3.0% in the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock worth $1,526,421,000 after buying an additional 258,936 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ITT by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares during the period. State Street Corp lifted its holdings in ITT by 7.4% in the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock worth $441,880,000 after buying an additional 175,367 shares during the period. Geode Capital Management LLC lifted its holdings in ITT by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after buying an additional 217,360 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after buying an additional 1,515,695 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

ITT has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. KeyCorp upped their target price on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird set a $246.00 target price on ITT in a research note on Thursday. DA Davidson set a $245.00 price objective on ITT in a report on Monday, February 9th. Finally, Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a report on Saturday. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.00.

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.