ITT (NYSE:ITT) Insider Lori Marino Sells 7,123 Shares

ITT Inc. (NYSE:ITT) insider Lori Marino sold 7,123 shares of the company’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 transaction, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ITT Stock Down 0.6%

Shares of NYSE:ITT traded down $1.19 during trading on Tuesday, reaching $205.64. 645,309 shares of the stock were exchanged, compared to its average volume of 932,878. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. ITT Inc. has a 1-year low of $145.41 and a 1-year high of $225.26. The stock has a fifty day moving average of $201.24 and a two-hundred day moving average of $190.61. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 1.94 and a beta of 1.32.

ITT (NYSE:ITT) last issued its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. ITT’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. Research analysts anticipate that ITT Inc. will post 7.89 earnings per share for the current fiscal year.

ITT Announces Dividend

The company 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 dividend payout ratio is presently 27.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price on the stock. Barclays increased 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. Robert W. Baird set a $246.00 price target on ITT in a research report on Thursday, May 7th. Citigroup increased their price target on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Saturday. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Meeder Advisory Services Inc. bought a new position in ITT in the 1st quarter valued at $201,000. Parallel Advisors LLC grew its stake in ITT by 31.4% in the 1st quarter. Parallel Advisors LLC now owns 958 shares of the conglomerate’s stock valued at $183,000 after purchasing an additional 229 shares during the period. KBC Group NV grew its stake in ITT by 15.3% in the 1st quarter. KBC Group NV now owns 2,756 shares of the conglomerate’s stock valued at $525,000 after purchasing an additional 366 shares during the period. Regents Gate Capital LLP grew its stake in ITT by 139.2% in the 1st quarter. Regents Gate Capital LLP now owns 128,378 shares of the conglomerate’s stock valued at $24,460,000 after purchasing an additional 74,712 shares during the period. Finally, AIA Group Ltd bought a new position in shares of ITT during the 1st quarter worth $207,000. Institutional investors own 91.59% of the company’s stock.

About ITT

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.