Lori Marino Sells 7,123 Shares of ITT (NYSE:ITT) Stock

ITT Inc. (NYSE:ITT) insider Lori Marino sold 7,123 shares of the 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 in the company, valued at $1,817,988.83. This trade represents a 44.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

ITT Stock Down 1.1%

Shares of NYSE ITT opened at $203.44 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $18.19 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The stock’s fifty day simple moving average is $201.40 and its two-hundred day simple moving average is $191.04. ITT Inc. has a 12-month low of $145.41 and a 12-month high of $225.26.

ITT (NYSE:ITT) last announced its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $1.45 EPS. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, analysts expect that ITT Inc. will post 7.91 EPS for the current fiscal year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio is currently 27.16%.

Institutional Investors Weigh In On ITT

Institutional investors have recently modified their holdings of the business. Andina Capital Management LLC boosted its holdings in ITT by 1.6% in the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after buying an additional 49 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in ITT by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after buying an additional 52 shares during the last quarter. Whittier Trust Co. boosted its holdings in ITT by 5.1% in the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after buying an additional 52 shares during the last quarter. Toronto Dominion Bank boosted its holdings in ITT by 2.2% in the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after buying an additional 53 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after buying an additional 55 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price for the company. BMO Capital Markets assumed coverage on ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Tuesday, April 21st. DA Davidson raised their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Robert W. Baird set a $246.00 price objective on ITT in a research note on Thursday, May 7th. 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, ITT has an average rating of “Moderate Buy” and a consensus target price of $234.91.

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.