Lori Marino Sells 7,123 Shares of ITT (NYSE:ITT) Stock

ITT Inc. (NYSE:ITT) insider Lori Marino sold 7,123 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the sale, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

ITT Trading Down 0.6%

Shares of NYSE:ITT traded down $1.19 during midday trading on Tuesday, hitting $205.64. 645,309 shares of the stock were exchanged, compared to its average volume of 932,878. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 1.94 and a beta of 1.32. 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 business’s 50-day moving average price is $201.24 and its 200 day moving average price is $190.61. ITT Inc. has a 12 month low of $145.41 and a 12 month high of $225.26.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts predict that ITT Inc. will post 7.89 earnings per share for the current year.

ITT Announces Dividend

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

Hedge Funds Weigh In On ITT

Several institutional investors have recently added to or reduced their stakes in the business. Andina Capital Management LLC lifted its stake in ITT by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after buying an additional 49 shares during the period. Kestra Private Wealth Services LLC lifted its stake in ITT by 2.8% in the first 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 during the period. Whittier Trust Co. lifted its stake in ITT by 5.1% in the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock valued at $207,000 after buying an additional 52 shares during the period. Toronto Dominion Bank lifted its stake in ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock valued at $430,000 after buying an additional 53 shares during the period. Finally, Assetmark Inc. lifted its stake in ITT by 10.9% in the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after buying an additional 55 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ITT. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Tuesday, April 21st. BMO Capital Markets began coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price on the stock. Robert W. Baird set a $246.00 target price on ITT in a report on Thursday, May 7th. DA Davidson upped their target price on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday. 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.91.

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.