ITT Inc. $ITT Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of ITT Inc. (NYSE:ITT) by 5.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 191,896 shares of the conglomerate’s stock after purchasing an additional 9,170 shares during the period. Principal Financial Group Inc.’s holdings in ITT were worth $36,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in ITT during the fourth quarter valued at $29,000. Bayban bought a new position in shares of ITT in the 4th quarter worth about $31,000. Parkside Financial Bank & Trust boosted its holdings in shares of ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares during the period. Entrust Financial LLC acquired a new position in shares of ITT in the 4th quarter valued at about $36,000. Finally, Triumph Capital Management bought a new stake in shares of ITT during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

ITT has been the topic of several research reports. DA Davidson increased their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets assumed 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. The Goldman Sachs Group initiated coverage on ITT in a report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price for the company. Stifel Nicolaus set a $246.00 price target on ITT in a report on Thursday, May 7th. Finally, Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $234.42.

Insider Activity at ITT

In related news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. The trade was a 2.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company’s stock.

ITT Stock Down 1.4%

ITT stock opened at $192.62 on Friday. The stock has a market cap of $17.22 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. The firm’s 50-day simple moving average is $193.80 and its 200 day simple moving average is $194.98. ITT Inc. has a fifty-two week low of $155.58 and a fifty-two week high of $225.26. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71.

ITT (NYSE:ITT) last posted its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $1.45 EPS. ITT’s revenue 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, sell-side analysts predict that ITT Inc. will post 7.91 EPS for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 8th were given a dividend of $0.386 per share. The ex-dividend date was Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is currently 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.