Hartford Funds Management Co LLC Takes Position in ITT Inc. $ITT

Hartford Funds Management Co LLC purchased a new position in shares of ITT Inc. (NYSE:ITT) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,719 shares of the conglomerate’s stock, valued at approximately $1,090,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amundi lifted its holdings in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after purchasing an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after purchasing an additional 28,937 shares in the last quarter. Empowered Funds LLC acquired a new position in ITT during the first quarter worth $360,000. Focus Partners Wealth lifted its stake in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after buying an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of ITT during the second quarter valued at about $1,880,000. Institutional investors own 91.59% of the company’s stock.

ITT Trading Down 0.4%

NYSE:ITT opened at $194.20 on Tuesday. ITT Inc. has a 52 week low of $154.29 and a 52 week high of $225.26. The firm has a 50-day moving average price of $195.14 and a two-hundred day moving average price of $194.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The firm has a market cap of $17.36 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27.

ITT (NYSE:ITT) last announced 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. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities analysts expect that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Announces Dividend

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

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. 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 value of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on ITT. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price for the company in a research report on Thursday. Citigroup boosted their price objective on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. KeyCorp raised their target price on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a 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 report on Monday, May 11th. Finally, Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.42.

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.