Sanctuary Advisors LLC Buys New Position in ITT Inc. $ITT

Sanctuary Advisors LLC bought a new stake in ITT Inc. (NYSE:ITT) during the second quarter, Holdings Channel.com reports. The fund bought 4,865 shares of the conglomerate’s stock, valued at approximately $962,000.

Several other institutional investors also recently added to or reduced their stakes in ITT. Amundi lifted its holdings in shares of ITT by 22,565.6% during the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after buying an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. increased its position in ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after acquiring an additional 28,937 shares during the period. Empowered Funds LLC acquired a new position in ITT during the 1st quarter valued at $360,000. Focus Partners Wealth boosted its holdings in ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in ITT in the 2nd quarter valued at $1,880,000. 91.59% of the stock is owned by institutional investors.

ITT Price Performance

Shares of ITT stock opened at $207.90 on Friday. The firm has a market cap of $18.59 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 1.72 and a beta of 1.27. The firm’s 50-day simple moving average is $200.06 and its 200-day simple moving average is $199.68. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32. 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 posted its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.16. The firm 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 company’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, research analysts expect that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued 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 dividend yield of 0.7%. ITT’s dividend payout ratio is presently 30.20%.

Insider Activity at ITT

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction on 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 owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ITT. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective on the stock in a report on Thursday, July 9th. Barclays lifted their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Weiss Ratings lowered ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. DA Davidson upped their price target on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, Citigroup raised their price objective on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

ITT 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.