Capital International Ltd. CA Acquires 18,673 Shares of ITT Inc. $ITT

Capital International Ltd. CA raised its holdings in ITT Inc. (NYSE:ITT) by 59.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 50,338 shares of the conglomerate’s stock after buying an additional 18,673 shares during the quarter. Capital International Ltd. CA’s holdings in ITT were worth $8,734,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after buying an additional 55 shares during the last quarter. Stephens Inc. AR grew its position in shares of ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after buying an additional 60 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of ITT by 0.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock worth $4,454,000 after buying an additional 65 shares during the last quarter. Merit Financial Group LLC grew its position in shares of ITT by 1.5% in the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after buying an additional 69 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of ITT by 4.0% during the third quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock valued at $330,000 after purchasing an additional 71 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Trading Down 0.9%

ITT stock opened at $191.61 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $203.28 and its two-hundred day simple moving average is $192.05. ITT Inc. has a 12 month low of $149.02 and a 12 month high of $225.26. The company has a market capitalization of $17.13 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27.

ITT (NYSE:ITT) last released its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The company’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. As a group, equities analysts predict that ITT Inc. will post 7.9 earnings per share for the current fiscal 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 issued a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s payout ratio is 27.16%.

Insider Buying and Selling at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the sale, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ITT shares. Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. KeyCorp lifted their price target on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $246.00 price target on ITT in a research report on Thursday, May 7th. DA Davidson lifted their price target on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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.