Mesa Graziano Cheryl De Sells 700 Shares of ITT (NYSE:ITT) Stock

ITT Inc. (NYSE:ITT) CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This represents a 8.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

ITT Stock Performance

Shares of ITT opened at $216.26 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The stock has a market cap of $19.33 billion, a P/E ratio of 42.40, a P/E/G ratio of 1.74 and a beta of 1.27. The business’s 50 day moving average price is $195.04 and its 200-day moving average price is $197.55. ITT Inc. has a 52 week low of $164.00 and a 52 week high of $230.32.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company earned $1.64 EPS. The firm’s revenue for the quarter was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities research analysts anticipate that ITT Inc. will post 8.2 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio is 30.20%.

Institutional Investors Weigh In On ITT

A number of large investors have recently added to or reduced their stakes in the stock. Ieq Capital LLC purchased a new stake in ITT during the 2nd quarter valued at $6,913,000. Callan Family Office LLC purchased a new position in shares of ITT in the 2nd quarter worth $628,000. Expressive Wealth LLC bought a new stake in shares of ITT in the second quarter worth $530,000. C M Bidwell & Associates Ltd. bought a new stake in shares of ITT in the second quarter worth $367,000. Finally, Allworth Financial LP purchased a new stake in ITT during the second quarter valued at $798,000. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ITT shares. DA Davidson increased their price target on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup boosted their price target on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Robert W. Baird set a $246.00 price objective on ITT in a research report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

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.