Healthcare of Ontario Pension Plan Trust Fund Takes Position in ITT Inc. $ITT

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in ITT Inc. (NYSE:ITT) in the 1st quarter, HoldingsChannel reports. The fund purchased 11,800 shares of the conglomerate’s stock, valued at approximately $2,248,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITT. Andina Capital Management LLC grew its position in ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after purchasing an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of ITT by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 52 shares in the last quarter. Whittier Trust Co. boosted its position in shares of ITT by 5.1% in the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after buying an additional 52 shares during the period. Toronto Dominion Bank boosted its position in shares of ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after buying an additional 53 shares during the period. Finally, Stephens Inc. AR grew its holdings in shares of ITT by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the transaction, the chief accounting officer owned 7,859 shares in the company, valued at $1,637,894.19. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the transaction, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

ITT Trading Up 1.3%

NYSE ITT opened at $195.59 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. ITT Inc. has a 1-year low of $157.66 and a 1-year high of $225.26. The firm’s fifty day simple moving average is $193.07 and its 200-day simple moving average is $196.17. The company has a market capitalization of $17.49 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27.

ITT (NYSE:ITT) last released its quarterly earnings data 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 return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The business’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, sell-side analysts anticipate that ITT Inc. will post 7.89 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were issued a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio is currently 27.16%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ITT. Barclays upped their price target on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research 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 research note on Monday, May 11th. Stifel Nicolaus lifted their target price on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citigroup increased their price target on shares of ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, ITT currently has an average rating of “Moderate Buy” and a consensus price target of $234.75.

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.