ING Groep NV Invests $2.74 Million in ITT Inc. $ITT

ING Groep NV purchased a new position in ITT Inc. (NYSE:ITT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,800 shares of the conglomerate’s stock, valued at approximately $2,741,000.

A number of other large investors also recently bought and sold shares of ITT. iSAM Funds UK Ltd bought a new stake in shares of ITT in the 3rd quarter worth approximately $2,113,000. Chesapeake Capital Corp IL bought a new position in ITT during the 3rd quarter valued at approximately $1,125,000. Brown Brothers Harriman & Co. increased its position in ITT by 86,878.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after buying an additional 267,585 shares in the last quarter. Regents Gate Capital LLP bought a new position in ITT during the 3rd quarter valued at approximately $9,381,000. Finally, TimesSquare Capital Management LLC increased its position in ITT by 10.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock valued at $39,335,000 after buying an additional 21,200 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Performance

ITT stock opened at $192.34 on Wednesday. The company has a market cap of $17.20 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. ITT Inc. has a 1 year low of $149.02 and a 1 year high of $225.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. The stock’s fifty day moving average price is $203.50 and its 200-day moving average price is $192.25.

ITT (NYSE:ITT) last released its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.ITT’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities analysts forecast that ITT Inc. will post 7.9 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 given a dividend of $0.386 per share. The ex-dividend date is Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is 27.16%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ITT. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup raised their price objective on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group began coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective for the company. Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $246.00 target price on ITT in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $234.91.

Insider Buying and Selling at ITT

In related news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction 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 transaction, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT 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 transaction, the chief accounting officer owned 7,859 shares in the company, valued at $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by insiders.

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.