Truist Financial Corp Sells 19,374 Shares of ITT Inc. $ITT

Truist Financial Corp lessened its position in ITT Inc. (NYSE:ITT) by 40.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,204 shares of the conglomerate’s stock after selling 19,374 shares during the quarter. Truist Financial Corp’s holdings in ITT were worth $4,894,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after acquiring an additional 55 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of ITT by 0.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock worth $4,454,000 after acquiring an additional 65 shares during the last quarter. Covestor Ltd lifted its holdings in shares of ITT by 15.3% in the 3rd quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock worth $92,000 after acquiring an additional 68 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of ITT by 1.5% in the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after acquiring an additional 69 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of ITT by 4.0% in the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock worth $330,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Trading Down 0.0%

NYSE:ITT opened at $206.13 on Monday. ITT Inc. has a one year low of $142.64 and a one year high of $225.26. 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 $18.43 billion, a P/E ratio of 36.35, a P/E/G ratio of 1.94 and a beta of 1.32. The firm has a 50-day simple moving average of $201.24 and a 200-day simple moving average of $190.14.

ITT (NYSE:ITT) last posted its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $1.45 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts anticipate that ITT Inc. will post 7.89 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be issued a $0.386 dividend. The ex-dividend date is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT’s payout ratio is currently 27.16%.

Insider Activity

In other news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the sale, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

ITT has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price for the company. Barclays boosted their price objective on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Tuesday, April 21st. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Stifel Nicolaus set a $246.00 price objective on shares of ITT in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.00.

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.