Sequoia Financial Advisors LLC Purchases 4,081 Shares of ITT Inc. $ITT

Sequoia Financial Advisors LLC raised its position in ITT Inc. (NYSE:ITT) by 11.6% in the 4th quarter, Holdings Channel reports. The firm owned 39,385 shares of the conglomerate’s stock after buying an additional 4,081 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ITT were worth $6,834,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. iSAM Funds UK Ltd purchased a new stake in shares of ITT in the 3rd quarter valued at about $2,113,000. Chesapeake Capital Corp IL purchased a new stake in shares of ITT in the 3rd quarter valued at about $1,125,000. Brown Brothers Harriman & Co. raised its holdings in shares of ITT by 86,878.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after acquiring an additional 267,585 shares in the last quarter. Regents Gate Capital LLP purchased a new stake in shares of ITT in the 3rd quarter valued at about $9,381,000. Finally, Mawer Investment Management Ltd. raised its holdings in shares of ITT by 23.6% in the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after acquiring an additional 76,841 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ITT. Citigroup raised their price target on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp increased their price objective on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus set a $246.00 price objective on ITT in a research report on Thursday. Finally, DA Davidson set a $245.00 price objective on ITT in a research report on Monday, February 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, the company has an average rating of “Moderate Buy” and an average target price of $234.00.

Insider Activity

In related news, CEO Luca Savi sold 63,450 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares in the company, valued at $50,028,284.26. This represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction dated 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 owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $206.13 on Friday. The company has a current ratio of 1.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $18.43 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.98 and a beta of 1.32. The business’s 50-day moving average price is $201.24 and its 200-day moving average price is $190.14. ITT Inc. has a 12 month low of $142.64 and a 12 month high of $225.26.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating the consensus estimate of $1.77 by $0.21. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Sell-side analysts forecast that ITT Inc. will post 7.8 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be issued a dividend of $0.386 per share. The ex-dividend date is Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s dividend 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.