Callan Family Office LLC Takes $628,000 Position in ITT Inc. $ITT

Callan Family Office LLC bought a new position in ITT Inc. (NYSE:ITT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,173 shares of the conglomerate’s stock, valued at approximately $628,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ITT in the 2nd quarter worth approximately $28,000. Trust Co. of Vermont acquired a new stake in shares of ITT during the 2nd quarter worth approximately $33,000. Elyxium Wealth LLC purchased a new position in shares of ITT during the 4th quarter valued at approximately $29,000. Bayban purchased a new position in shares of ITT during the 4th quarter valued at approximately $31,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Price Performance

ITT stock opened at $205.96 on Wednesday. The company’s fifty day moving average price is $199.45 and its 200 day moving average price is $199.62. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32. The stock has a market capitalization of $18.41 billion, a P/E ratio of 40.38, a P/E/G ratio of 1.68 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s revenue was up 51.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities research analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. ITT’s dividend payout ratio (DPR) is currently 30.20%.

Analyst Ratings Changes

ITT has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Citigroup upped their price objective on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. KeyCorp increased their target price on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $273.00 price target on shares of ITT in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

Insiders Place Their Bets

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the sale, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% 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.