48,558 Shares in ITT Inc. $ITT Bought by Element Capital Management LLC

Element Capital Management LLC bought a new position in ITT Inc. (NYSE:ITT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 48,558 shares of the conglomerate’s stock, valued at approximately $8,425,000. ITT comprises 4.0% of Element Capital Management LLC’s portfolio, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITT. Elyxium Wealth LLC purchased a new position in ITT in the 4th quarter worth $29,000. Parkside Financial Bank & Trust raised its stake in 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 during the last quarter. Entrust Financial LLC purchased a new position in ITT in the 4th quarter worth $36,000. Triumph Capital Management purchased a new position in ITT in the 3rd quarter worth $37,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in ITT in the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the transaction, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider owned 8,729 shares of the company’s stock, valued at $1,817,988.83. The trade was a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.88% of the company’s stock.

ITT Stock Performance

NYSE ITT opened at $191.31 on Thursday. The stock has a 50-day simple moving average of $203.39 and a two-hundred day simple moving average of $192.60. The firm has a market capitalization of $17.10 billion, a P/E ratio of 33.74, a PEG ratio of 1.83 and a beta of 1.27. ITT Inc. has a fifty-two week low of $149.02 and a fifty-two week high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. 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 disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ITT. Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. KeyCorp raised their target price on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 target price on ITT in a research note on Thursday, May 7th. BMO Capital Markets began coverage on ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price for the company. 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.