Canada Pension Plan Investment Board Makes New $2.12 Million Investment in ITT Inc. $ITT

Canada Pension Plan Investment Board purchased a new stake in ITT Inc. (NYSE:ITT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,700 shares of the conglomerate’s stock, valued at approximately $2,116,000.

Several other institutional investors have also recently made changes to their positions in ITT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of ITT in the 2nd quarter valued at about $28,000. Trust Co. of Vermont acquired a new position in ITT during the 2nd quarter worth approximately $33,000. Elyxium Wealth LLC acquired a new position in ITT during the 4th quarter worth approximately $29,000. Bayban bought a new position in ITT in the fourth quarter worth approximately $31,000. Finally, Parkside Financial Bank & Trust boosted its holdings in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction 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. The trade was a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ITT. BMO Capital Markets restated an “outperform” rating and set a $273.00 price objective on shares of ITT in a report on Friday, August 7th. Weiss Ratings downgraded shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. DA Davidson boosted their price target on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Robert W. Baird set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. Finally, Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective on the stock in a research note on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

ITT Stock Performance

Shares of ITT opened at $202.80 on Monday. The firm has a market capitalization of $18.13 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.66 and a beta of 1.27. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The stock has a 50 day moving average price of $200.18 and a two-hundred day moving average price of $199.70. 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 earnings results 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. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The company’s revenue for the quarter was up 51.5% on a year-over-year basis. During the same quarter last year, the company earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities analysts forecast that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is 30.20%.

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.