Sequoia Financial Advisors LLC Purchases 4,081 Shares of ITT Inc. $ITT

Sequoia Financial Advisors LLC grew its position in ITT Inc. (NYSE:ITT) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 39,385 shares of the conglomerate’s stock after acquiring an additional 4,081 shares during the period. Sequoia Financial Advisors LLC’s holdings in ITT were worth $6,834,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ITT. Amundi increased its holdings in ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after purchasing an additional 7,221 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after acquiring an additional 28,937 shares during the period. Empowered Funds LLC acquired a new position in shares of ITT during the 1st quarter valued at $360,000. Focus Partners Wealth lifted its position in shares of ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after acquiring an additional 3,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in ITT during the 2nd quarter valued at $1,880,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Trading Down 0.8%

Shares of ITT opened at $206.13 on Friday. The business has a 50-day moving average of $201.24 and a 200 day moving average of $190.14. ITT Inc. has a fifty-two week low of $142.64 and a fifty-two week high of $225.26. The firm has a market cap of $18.43 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.98 and a beta of 1.32. 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 (NYSE:ITT) last announced its quarterly earnings data 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. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, research analysts forecast that ITT Inc. will post 7.8 EPS for the current year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a $0.386 dividend. The ex-dividend date is Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s dividend payout ratio (DPR) is currently 27.16%.

Insider Activity

In other ITT news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the transaction, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the transaction, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on ITT shares. BMO Capital Markets initiated coverage on shares of ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Tuesday, April 21st. KeyCorp lifted 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 price objective on ITT in a report on Thursday. Finally, Citigroup lifted their price objective on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.00.

ITT Profile

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.