Emmanuel Caprais Sells 5,500 Shares of ITT (NYSE:ITT) Stock

ITT Inc. (NYSE:ITT) CFO Emmanuel Caprais sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $185.23, for a total value of $1,018,765.00. Following the sale, the chief financial officer owned 36,830 shares of the company’s stock, valued at approximately $6,822,020.90. This trade represents a 12.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ITT Stock Performance

NYSE:ITT traded up $0.39 during trading hours on Tuesday, reaching $185.93. 356,190 shares of the stock were exchanged, compared to its average volume of 486,784. The company has a quick ratio of 0.99, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $176.54 and a 200-day simple moving average of $161.89. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $197.07. The stock has a market capitalization of $14.50 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.42 and a beta of 1.38.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.11. The business had revenue of $999.10 million for the quarter, compared to the consensus estimate of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. As a group, sell-side analysts forecast that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be paid a dividend of $0.351 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.40 annualized dividend and a yield of 0.8%. ITT’s payout ratio is presently 23.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ITT. Mutual Advisors LLC boosted its position in ITT by 17.1% in the 1st quarter. Mutual Advisors LLC now owns 2,825 shares of the conglomerate’s stock valued at $388,000 after buying an additional 413 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of ITT by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 187,365 shares of the conglomerate’s stock valued at $24,200,000 after purchasing an additional 516 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of ITT by 24.2% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,042 shares of the conglomerate’s stock valued at $393,000 after purchasing an additional 592 shares during the period. Fullcircle Wealth LLC lifted its stake in shares of ITT by 19.1% in the 1st quarter. Fullcircle Wealth LLC now owns 1,668 shares of the conglomerate’s stock valued at $229,000 after purchasing an additional 267 shares during the period. Finally, Greenleaf Trust lifted its stake in shares of ITT by 10.6% in the 1st quarter. Greenleaf Trust now owns 2,724 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 260 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ITT shares. Citigroup lifted their target price on ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Wednesday, October 8th. KeyCorp lifted their price objective on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. TD Cowen boosted their price target on ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, UBS Group boosted their price target on ITT from $168.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.25.

ITT Company Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.