ITT (NYSE:ITT) CAO Sells $150,178.00 in Stock

ITT Inc. (NYSE:ITT) CAO Mesa Graziano Cheryl De sold 700 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the sale, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

ITT Trading Down 0.2%

ITT opened at $216.47 on Thursday. The firm’s fifty day moving average is $195.48 and its two-hundred day moving average is $197.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The firm has a market cap of $19.35 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. ITT Inc. has a twelve month low of $164.00 and a twelve month high of $230.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s quarterly revenue was up 51.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities research analysts anticipate that ITT Inc. will post 8.21 EPS for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is 30.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ITT shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of ITT in a report on Friday, August 7th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Barclays lifted their price target on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Stifel Nicolaus upped their price target on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Robert W. Baird set a $246.00 price objective on shares of ITT in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $241.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ITT. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in ITT in the 2nd quarter valued at approximately $28,000. Elyxium Wealth LLC bought a new position in shares of ITT during the 4th quarter worth approximately $29,000. Bayban bought a new position in shares of ITT during the 4th quarter worth approximately $31,000. Trust Co. of Vermont acquired a new stake in shares of ITT in the second quarter valued at approximately $33,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Company 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.