Livforsakringsbolaget Skandia Omsesidigt Makes New $3.52 Million Investment in ITT Inc. $ITT

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of ITT Inc. (NYSE:ITT) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 20,300 shares of the conglomerate’s stock, valued at approximately $3,521,000.

A number of other large investors also recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new position in ITT in the fourth quarter valued at $29,000. Entrust Financial LLC acquired a new position in ITT in the fourth quarter valued at $36,000. Triumph Capital Management acquired a new position in ITT in the third quarter valued at $37,000. Measured Wealth Private Client Group LLC acquired a new position in ITT in the third quarter valued at $43,000. Finally, Key Financial Inc acquired a new position in ITT in the third quarter valued at $47,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Transactions at ITT

In other news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated 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 sale, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $41,682.00. Following the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ITT. The Goldman Sachs Group began coverage on ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. Citigroup lifted their target price on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. DA Davidson lifted their target price on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $246.00 price objective 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.91.

ITT Trading Down 0.4%

Shares of ITT opened at $193.31 on Friday. The stock’s 50-day moving average is $203.31 and its two-hundred day moving average is $192.06. 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 has a market cap of $17.28 billion, a PE ratio of 34.09, a P/E/G ratio of 1.83 and a beta of 1.27. ITT Inc. has a 12 month low of $149.02 and a 12 month high of $225.26.

ITT (NYSE:ITT) last announced its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.12 billion. During the same period in the previous year, the company earned $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. Equities analysts forecast that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be given a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s payout ratio is presently 27.16%.

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.